Web11 Apr 2024 · The tax rate for salaried employees under Section 192 of the Income Tax Act, 1961, depends on the income tax slab rate applicable to the employee’s income. SPECIAL NOTE: The rates of Surcharge and Health & Education cess are same under both the tax regimes; Rebate u/s 87-A Resident Individual whose Total Income is not more than ₹ … Web24 Jun 2024 · Since in case of cases covered under Section 194C (6) of the Act, the payer of freight is not deducting any TDS in view of his obtaining the declaration and PAN of …

Tds For Non Residents Section 195 Of The Income Tax Act

Web1 day ago · Where the assessing officer is satisfied that the existing and estimated tax liability of a person justifies the deduction of tax at lower rate or no deduction of tax, then he may issue certificate u/s 197. Earlier Sec 197 covers only the following income reported … Web10 Apr 2024 · TDS rates-For rent on land, building or furniture, the TDS rate is 10% under Section 194-I. For rent on the plant and machinery, the TDS rate is 2% (Section 194-I). … scatter and slice

TDS Rate Chart AY 2024-25 (FY 2024-24) - thetaxtalk.com

Web1 day ago · According to him, the AO had erroneously mentioned that TDS was required to be deducted under Section 194-I instead of Section 194C. The question as to the nature of EDC payment was squarely one of the issues that were required to be addressed by the AO. He had concluded that the same was ‘rent’ as it was in nature of an arrangement to use ... Web11 Apr 2024 · The tax rate for salaried employees under Section 192 of the Income Tax Act, 1961, depends on the income tax slab rate applicable to the employee’s income. SPECIAL … WebTDS Rate Chart FY 2024-2024 Section Code Nature Of Payment Threshold (in Rs.) TDS Rate ( in %) ... deduct TDS under section 194C, 194H, or 194J. 50 lakh 5% 5% ... • Consequential amendment is also proposed in section 206AA(1) of the Act and insert second proviso to scatter angle formula