TDS is a specific amount that is deducted when a certain payment like salary, commission, rent, interest, professional fees, etc. is made.The TDS rates are set on the basis of the age bracket and ...

What is TDS on Salary? TDS on salary means that tax has been deducted by the employer at the time of depositing the salary into the employee's account. The amount deducted from the employee's account ...

Form 12BAA to reduce TDS from salary: The Central Board of Direct Taxes has notified a new form called Form 12BAA. The new form notified by the CBDT will help an employee to tell the employer about ...

CBDT has introduced Form 12BAA to enable employees to inform their employers about TDS and TCS from other income sources, aiding in reducing tax deductions from salaries and increasing take-home pay.

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New Rules for TDS Deduction from Salary Under the new rules, employees can use Form 12BAA to inform their employers about TDS ...

Detailed Clarification on Notification No. 25/2024-Central Tax– Applicability of Deduction TDS On Registered Persons Involved In The Supply Of Metal Scrap. Summary: The Ministry of Finance issued ...

What is TDS under GST? TDS under GST is a method of collecting tax at the source of income. When a buyer makes a payment for specified services or goods, a certain percentage of the payment is ...

Copyright 2024 The Associated Press. All Rights Reserved. Tennessee running back Dylan Sampson (6) runs for yardage during the first half of an NCAA college football ...

In the past, incidents were reported wherein wrong refunds had been claimed through various means such as wrong claim of TDS credit, under reporting of income, over stating of deductions, claim of ...

Copyright 2024 The Associated Press. All Rights Reserved. Detroit Lions wide receiver Kalif Raymond (11) celebrates his touchdown during the second half of an NFL ...