TDS Certificate – Introduction Any person who is engaged in the deduction of TDS is required to issue TDS certificate. As per the Section 203 of the Income Tax Act, 1961 it is mandatory for all Deductors to deduct TDS. After deducting and depositing the TDS by due date in Government account, the Deductor has […]
Personal Finance
Section 194K – TDS on Mutual Fund Dividend
TDS on Mutual Fund Dividend Income – Section 194K A New TDS section 194K introduced through Finance Bill 2020-2021 to levy TDS on Mutual fund dividend. [email protected]% shall be deducted on dividend income paid by company or mutual fund to its share or Unit holder. This Section will take effect from 1st April, 2020. Main […]
Income Tax Slab Rate for Financial Year 2019-2020
New Income Tax Slab & Rate in India for Financial Year 2019-2020 Dear reader, in this post we are going to update you about the latest Income Tax slab & rate for Individual applicable in financial year 2019-2020. In India, Income tax is levied on individual taxpayers on the basis of a income slab system. In […]
TDS on Rent – Section 194I
TDS on Payment of Rent A quick guide to understand the provisions of Section 194I of Income Tax Act, TDS on rent. What is Section 194I? Section 194I talks about the provisions of TDS levied on rent paid. The person (not being an Individual or HUF) who is responsible for paying of rent is liable […]
Income Tax Slab Rate for Individual: A.Y. 2019-20
Income Tax Slab Rate for Individual – A.Y.2019-20 Dear reader, in this post we are going to update you about the latest Income Tax slab rate for Individual. Before we start to list down income tax rate applicable for F.Y.2018-19 & A.Y.2019-20, you should know: What is Financial Year? A financial year is a 12 […]