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PREVENT TDS DEDUCTION
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...- Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...
- Could you be missing a critical June 2026 tax deadline? Check these essential TDS, Form 16, STT and advance tax requirements before it's too lateJune 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payments and STT reconci...
- FD rate up to 8% for senior citizens investing for three years; Know list of banksSenior citizens can still secure fixed deposit (FD) interest rates up to 8.05% for a three-year term from select small finance banks, with ...
- Turning 60 this year? Senior citizen can file Form 121 to prevent TDS for the Tax Year 2026-27; Check how to avail and key details herePeople turning 60 at any point during the financial year can now claim senior citizen benefits for the full year while filing the new Form ...
- First task for FD investors to save TDS in new financial year is filing form 15G/H; Check the annual income that makes you eligibleFixed deposits are popular in India. However, Tax Deducted at Source on interest income reduces compounding growth. Forms 15G and 15H allow...
- FD rate up to 7.85% for senior citizens investing for three years; Know the list of banksFD Interest Rate: Senior citizens can still find attractive fixed deposit rates, with some banks offering up to 7.85% for three-year tenure...
- FD rate up to 8.8% for senior citizens investing for three years; Know the list of banksSenior citizens can now avail attractive fixed deposit rates, with some banks offering up to 8.8% for three-year tenures on deposits up to ...
- FD rate up to 9.1% for senior citizens investing for 5 years; Know the list of banksCertain banks are providing high fixed deposit interest rates for senior citizens. Suryoday Small Finance Bank offers 9.1% interest. Unity ...
- To prevent TDS on FD under new tax regime can senior citizens with income up to Rs 12 lakh file Form 15H?TDS on FD: If the interest amount in a particular bank is over Rs 1 lakh then TDS is deducted by banks. But if a senior citizen files Form ...
- Missed advance tax deadline of March 15? Salaried employees can still avoid paying interest under Section 234C before March 31, here’s howAdvance tax due date: Salaried employees whose employers deduct TDS from salary can prevent Section 234C interest by requesting their emplo...
- 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...
- Time to act for lower TDS deduction: Form 15E, Form 13 for FY 2024-25 will stop after March 15, 2025; file it nowLower or nil TDS: The tax department has enabled online filing of Form 13 and Form 15E on the TRACES portal. These forms help all taxpayers...
- 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...
- TDS on cumulative FDs: Your money loss is more than the tax deductedIf the interest amount earned on your FD goes beyond applicable threshold limit within any given financial year TDS is deducted by the enti...
- Senior Citizen Savings Scheme: How to save TDS on SCSS interest incomeSenior Citizen Savings Scheme: TDS is deducted when the interest on SCSS exceeds Rs 50,000 in a financial year. This TDS is deducted from t...
- Understanding Form 15G/ 15H: A guide for Bajaj Finserv customersThe article outlined how to manage tax liabilities on interest income with Form 15G or 15H, aimed at taxpayers with income below the exempt...
- Budget 2024 proposed 10% TDS on government bonds: You can still pay lower or zero TDS with this certificateTDS on government bonds: Budget 2024 imposed a TDS on interest income earned from government bonds. Atul Puri, SW India says, "In a case wh...
- Revised procedure for TDS certificates: What NRIs need to knowUnlike residents, NRIs cannot use Form 15G/H and must apply for a reduced or zero TDS certificate. The process involves submitting an onlin...
- Income Tax department to take steps to boost TDS collectionsThe CBDT has said work should be done to bolster the figures as TDS is a "non-obtrusive but powerful instrument to prevent tax evasion as w...
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