TDS Rates

Loss from House Property

TDS on Property Sale @ 1% under Section 194IA

The Indian Finance Minister while announcing the Budget 2013-14 introduced TDS on Property @ 1% on all Immovable Property Transactions over Rs. 50 Lakhs under Section 194IA. Reason for Introduction of… Read More


TDS on Rent paid by Salaried, Businesses & Professionals – Updated

Budget 2017 has brought in certain amendments to the applicability of TDS on Rent and the rates at which TDS on Rent is to be deducted. Prior to this amendment… Read More


Income Tax & TDS on Interest on Recurring Deposit (RD)

When you have a lump-sum amount to invest, it is always advisable to invest in Fixed Deposits. But when you don’t have a lump-sum amount to invest, and can save… Read More


Form 16 TDS Certificate & How to verify Form 16 online?

Form 16 is a TDS Certificate issued by the employer deducting the TDS while making payment to an employee. As per the Income Tax Act, every employer at the time… Read More

TDS on Contractor

TDS on Payment to Contractor under Section 194C

At the time of making any payment, TDS is required to be deducted by the person making the payment. The rate of TDS depends on the nature of payment made… Read More


Download Form 16B Online from TRACES Website

Form 16B is a TDS Certificate which reflects that the amount deducted as TDS on Property by the Buyer has been deposited with the Income Tax Department. At the time… Read More


TDS Return Filing Online: Due Date and Procedure for Filing

TDS Return is required to be filed by the assessee who has deducted the TDS. TDS Returns are required to be filed after specified intervals and details to be furnished… Read More

TDS on Service Tax

TDS on Service Tax not to be deducted: Amt exclusive of Service Tax

As per Indian Tax Laws, at the time of making any a payment, the receiver of service is required to do 2 things:- Pay Service Tax on the services received… Read More


Computation of Tax on Fixed Deposit (FD)

The interest that is earned on the Fixed Deposit is not tax free but is taxable. The tax on fixed deposit is levied as per the Income Tax Slabs of… Read More

TDS on Contractor

Latest TDS Rate Chart for 2017-18

At the time of making the payment, the person making the payment shall deduct TDS as per the following TDS Rate Chart. Section No. Payment for the purpose of TDS… Read More


Tax Collected at Source, TCS Rates in India

Tax Collected at Source (TCS) is to be collected by the seller from the buyer at the time of sale of specified category of goods. The TCS Rate is different… Read More


Section 194J: TDS on Professional/ Technical Fees @ 10%

As per Section 194J of the Income Tax Act, TDS is to be deducted @ 10% on any amount paid to any resident as:- Fees for professional services, or Fees… Read More


TDS on Commission/Brokerage – Section 194H

TDS on Commission/Brokerage is required to be deducted under Section 194H by the person making the payment by way of commission or brokerage. TDS on Commission/Broker is required to be… Read More


Form 12B for furnishing TDS Details to new employer

Form 12B is required to be furnished as per Rule 26A by a person joining any organisation in the middle of the year and is a form for furnishing the… Read More


What is TAN Number and How to apply for TAN No.

TAN Number is a 10 Digit Alphanumeric Number and is used as an abbreviation for Tax Deduction and Collection Account Number.  Every Assessee liable to deduct TDS is required to… Read More

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