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  • 18 Tds Rates From July 10

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    shorcar
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    This document summarizes tax withholding requirements for various types of income according to different sections of the Indian Income Tax Act. It outlines the income type, payment details that trigger withholding, applicable threshold limits, withholding tax rates, due dates for payment and return filing, and required forms. Key details include salary withholding at payment according to slab rates, 10% tax on interest, lottery and horse race winnings at 30%, and professional fees at 10% if payment exceeds 30,000 rupees. Quarterly return filing is required along with issuance of form 16 or 16A to taxpayers by specified dates.

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    This document summarizes tax withholding requirements for various types of income according to different sections of the Indian Income Tax Act. It outlines the income type, payment details that trigger withholding, applicable threshold limits, withholding tax rates, due dates for payment and return filing, and required forms. Key details include salary withholding at payment according to slab rates, 10% tax on interest, lottery and horse race winnings at 30%, and professional fees at 10% if payment exceeds 30,000 rupees. Quarterly return filing is required along with issuance of form 16 or 16A to taxpayers by specified dates.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    4 views1 page

    18 Tds Rates From July 10

    Uploaded by

    shorcar
    This document summarizes tax withholding requirements for various types of income according to different sections of the Indian Income Tax Act. It outlines the income type, payment details that trigger withholding, applicable threshold limits, withholding tax rates, due dates for payment and return filing, and required forms. Key details include salary withholding at payment according to slab rates, 10% tax on interest, lottery and horse race winnings at 30%, and professional fees at 10% if payment exceeds 30,000 rupees. Quarterly return filing is required along with issuance of form 16 or 16A to taxpayers by specified dates.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 1

    Section Particulars Liability Threshold Limit Rate Due date Certificate & Date of Quarterly

    date deposit of Return


    return
    192 Salary At the time of Basic exemption Slab Rate 7th of next Form 16 on or 15th of July, Form 24Q
    payment limit month & before 31st Oct, Jan
    30th for May and May
    March
    193 Interest on Payment or credit In case of 10% 7th of next Form no. 16A, 15th of July, Form 26Q
    securities whichever is earlier debenture Rs. 2500 month & 31st July, Oct, Oct, Jan
    30th for Jan & May and May
    March
    th
    194 A Interest other than Payment or credit Rs. 5000/- if payer 10% 7 of next Form no. 16A, 15th of July, Form 26Q
    Interest on whichever is earlier is a bank or co- month & 31st July, Oct, Oct, Jan
    securities operative society 30th for Jan & May and May
    other Rs. 10,000/- March
    194 B Winnings from Payment or credit Rs. 10,000/- 30% 7th of next Form no. 16A, 15th of July, Form 26Q
    lotteries whichever is earlier month & 31st July, Oct, Oct, Jan
    30th for Jan & May and May
    March
    th
    194 BB Winnings from Payment or credit Rs. 5,000/- 30% 7 of next Form no. 16A, 15th of July, Form 26Q
    Horse Races whichever is earlier month & 31st July, Oct, Oct, Jan
    30th for Jan & May and May
    March
    194 C Payment to Payment or credit Single payment Rs. Individual or 7th of next Form no. 16A, 15th of July, Form 26Q
    contractor whichever is earlier 30,000/-, Total HUF=1% month & 31st July, Oct, Oct, Jan
    75,000/- exceeds Others=2% * 30th for Jan & May and May
    March
    th
    194 D Insurance Payment or credit Rs. 20,000/- 10% 7 of next Form no. 16A, 15th of July, Form 26Q
    Commission whichever is earlier month & 31st July, Oct, Oct, Jan
    30th for Jan & May and May
    March
    194 I Rent Payment or credit Rs. 1,80,000/- Plant & 7th of next Form no. 16A, 15th of July, Form 26Q
    whichever is earlier Machinery=2% month & 31st July, Oct, Oct, Jan
    Others=10% 30th for Jan & May and May
    March
    194 J Professional or Payment or credit Rs. 30,000/- 10% 7th of next Form no. 16A, 15th of July, Form 26Q
    technical fees whichever is earlier month & 31st July, Oct, Oct, Jan
    30th for Jan & May and May
    March

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