Presenting the upcoming TDS Rate Chart for AY 2025–26, FY 2024–25!
This TDS Rate Chart will help you understand the applicable TDS rate and provide a quick reference guide for Employers, Deductors and many more!
To view the entire TDS rate chart, click the link below:
TDS Rate Chart: Assessment Year: 2025-2026 Financial Year: 2024-2025 👈 DOWNLOAD
Software Solutions Available on:
TDS |...
Revised Slab from April 1, 2023
(I)
In the case of men, whose monthly salaries, or wages,
A)
Less than ₹ 7500.
No professional tax.
B)
₹7500 – ₹ 10,000.
₹ 175/- Per Month.
C)
₹ 10,000 and above.
₹ 200/- Per Month (In February, ₹ 300).
(II)
in the case of women, whose monthly salaries, or wages,
A)
Less than ₹ 25,000.
No Profession...
Every year an employer is obliged to deduct TDS from the salary payable by him to his employees. There are many practical difficulties faced by him in deducting TDS on estimated salary in determining the rate of TDS and estimated salary income on which such rate shall be applied. These difficulties are further increased due to amendments made by the authorities every year. Therefore an...
Penalty under section 221 is levied when there is a default in payment of tax. Under sub-section (1) of section 221, the assessing officer is empowered to impose a penalty where an assessee is in default or is deemed to be in default in payment of tax. The said penalty is leviable in addition to the amount of the arrears and the amount of interest payable under section 220(2). Further,...