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TDS RATE CUT
FD interest rate up to 7.75% for senior citizens investing in FDs for 10 year tenure; Know the list of banksFixed deposit: Senior citizens investing in bank FDs can get up to 7.75% for ten years tenure at various banks like Axis Bank, IndusInd Ban...
How to get full maturity amount of fixed deposit despite TDSTDS deduction on fixed deposit interest can lead to a loss of compound interest. To avoid this, banks like HDFC Bank and SBI allow customer...
60 TDS rules with 10 TDS rates make life difficult for taxpayers: Can Budget 2025 cut TDS rates to 3?Budget 2025: The Union Budget 2025 presents a crucial opportunity to streamline and simplify TDS and TCS rules, enhancing clarity, reducing...
TDS rates reduced in Budget 2024: New tax deducted at source applicable on rent payments, insurance, purchase of MF units, sale of propertyTDS rates changed in Budget 2024: On July 23, 2024, Finance Minister Nirmala Sitharaman presented Budget 2024, which included several propo...
Budget 2024 reduces TDS on life insurance policy payout from 5% to 2%, Now get a higher payout on these caseIn the Budget 2024 proposal, it has been announced that the payout from your life insurance policy will be higher due to a reduction in the...
Assocham suggests rationalisation of TDS in Union BudgetAssocham also said that at present, there are about 40 sections under the act dealing with TDS and in addition, there is a huge list of rul...
TDS levy on cash withdrawal of over Rs 20 lakh from bank account if you haven't done thisThe government has amended the laws on withdrawing cash exceeding Rs 20 lakh from his/her bank account in a financial year. The law was ame...
FPIs can have their cake, and then payIn the current system, the TDS being charged for FPIs was higher than the actual tax liability of FPIs. Further, offshore funds had to wait...
TDS, TCS rates cut to put cash in your hand but your tax liability remains sameA reduction in TDS, TCS rates does not mean reduction in the tax liability of the receivers of these payments/incomes.
TDS cut to make eCommerce attractive for merchantsThe 25% cut in tax deducted at source on ecommerce participants will make ecommerce more attractive for sellers and the cut in TDS on their...
TDS cut to benefit investors in equity mutual fund dividend plansThe lower rates will come into effect from May 14 and include deductions on dividend, interest, professional fees and brokerage.
Lower TDS and TCS rates, less PF outgo for 3 monthsPF revision will benefit 43 million provident fund subscribers across EPFO and exempted establishments and 650,000 employers. It will not c...
Six things to know about tax deducted at sourceThe TDS should be deposited within a week of the end of the month in which the deduction is made.
When and how much tax is deducted at source?Find out about the different sources of income that invite TDS and how you can reduce your tax outgo.
- Union Budget 2009-10: No PAN card, shell out more
If you don’t have a permanent account number (PAN), your tax deducted at source (TDS) could be higher.
- Third party administrators under watch for TDS default
Third Party Administrators have come under the Income-Tax department’s scanner for not deducting tax at source (TDS) on the payments they m...
- Manufacturers outsourcing products to get a breather
The taxmen are planning to light up the Diwali for a large number of manufacturers who outsource their products.