Introduction If you have an internet connection and a valid TIN, you can pay your taxes online. The process is simple and there are no queues to wait in. You can also pay your taxes at the TDS portal and via NSDL-TIN site. TDS can be paid electronically. You can pay your taxes at the…
Category: TDS
TDS Benefits Effective July 2022
As of July 1, 2022, the latest rule concerning the TDS payment will be in effect. Budget 2022-23 states that TDS will be added to the tax act under section 194R. Individuals who grant any benefit or perquisite to a resident exceeding Rs 20,000 a year must deduct a 10% TDS. The Finance Ministry will…
TDS on FD – Section 194A
TDS on FD is deducted under the Income Tax Act, 1961. Fixed Deposit is a financial instrument offered by banks and other financial institutions to save money and earn a higher rate of interest. The interest earned from FDs is added to the income and is taxable. However, if your tax liability on total income…
How to submit your TDS payment online
The TDS, also known as Tax Deducted at Source, is a system that requires businesses to deduct a predetermined percentage of earnings and remit those deductions directly to the government. The TDS system helps curb tax evasion and optimally taxes individuals, trusts, partnerships and corporations by forcing them to pay their fair share of taxes….
How to Pay Advance Tax Payment
Tax season is almost here and you’re probably wondering how to pay advance tax. We understand that the thought of paying more taxes may be overwhelming, but we’re here to ease your worries. In this article, we explain everything you need to know about paying advance tax and what documents you will need to meet…
How to Download TDS Traces: A Step-by-step Instruction Guide
The Tax Deducted at Source (TDS) facility is a very useful feature for employees. No matter how small the amount, every time your company deducts TDS from your salary, you are issued a TDS certificate which has details of the tax deducted and the reasons why it was done so. If you need to check…