TDS Rate for Persons Other Than Company – Person Resident in India TDS Rates (in %) Section 192: Payment of salary Normal Slab Rate Section 192A: Payment of accumulated balance of provident fund which is taxable in the hands of an employee. 10% Section 193: Interest on securities a) any debentures or securities for money issued by or Read More
Taxpayers and Income Tax Slabs Taxpayers in India, for the purpose of income tax includes: Individuals, Hindu Undivided Family (HUF), Association of Persons(AOP) and Body of Individuals (BOI) Firms Companies Each of these taxpayers is taxed differently under the Indian income tax laws. While firms and Indian companies have a fixed rate of tax of Read More
Deductions allowed under the income tax act help you reduce your taxable income. You can avail the deductions only if you have made tax-saving investments or incurred eligible expenses. There are a number of deductions available under various sections that will bring down your taxable income. The most popular one is section 80C of Chapter Read More
