{"id":9590,"date":"2020-12-05T00:31:02","date_gmt":"2020-12-04T19:01:02","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=9590"},"modified":"2025-04-18T00:10:08","modified_gmt":"2025-04-17T18:40:08","slug":"understanding-on-tax-deducted-at-source-tds","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/","title":{"rendered":"Basic Understanding on Tax Deducted at Source (TDS)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d5464f61025\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d5464f61025\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#Tax_Deducted_at_Source_TDS_IS_NOT_APPLICABLE\" title=\"Tax Deducted at Source (TDS) IS NOT APPLICABLE : \">Tax Deducted at Source (TDS) IS NOT APPLICABLE : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#Benefit_of_TDS\" title=\"Benefit of TDS\">Benefit of TDS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#Tax_Deducted_at_Source_Payment_Due_Dates\" title=\"Tax Deducted at Source Payment Due Dates\">Tax Deducted at Source Payment Due Dates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#Normal_Tax_Deducted_at_Source_Return_Filing_Due_Dates\" title=\"Normal Tax Deducted at Source Return Filing Due Dates\">Normal Tax Deducted at Source Return Filing Due Dates<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#Govt_made_the_New_Deadline_for_TDS_Returns_Filing_for_FY_2024-25\" title=\"Govt made the New Deadline for TDS Returns Filing for FY 2024-25\">Govt made the New Deadline for TDS Returns Filing for FY 2024-25<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#How_do_I_deposit_TDS\" title=\"How do I deposit TDS?\">How do I deposit TDS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#Whats_a_TDS_certificate\" title=\"What&#8217;s a TDS certificate?\">What&#8217;s a TDS certificate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#Key_Point_to_be_remembered_while_deducting_TDS\" title=\"Key Point to be remembered while deducting TDS\">Key Point to be remembered while deducting TDS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#Points_to_be_understood_for_TDS\" title=\"Points to be understood for TDS \u00a0\">Points to be understood for TDS \u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#TDS_Tax_Deducted_at_Source_Summary_Chart_for_Financial_Year_2025-26\" title=\"TDS (Tax Deducted at Source) Summary Chart for Financial Year 2025-26,\">TDS (Tax Deducted at Source) Summary Chart for Financial Year 2025-26,<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/understanding-on-tax-deducted-at-source-tds\/#Related_Articlespieces_of_information\" title=\"Related Articles\/pieces of information\">Related Articles\/pieces of information<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/12\/income-tax-1024x683-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11637\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/12\/income-tax-1024x683-1-1024x683.jpg\" alt=\"www.carajput.com; income tax Act, 1949-TDS\" width=\"973\" height=\"649\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/12\/income-tax-1024x683-1.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/12\/income-tax-1024x683-1-300x200.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/12\/income-tax-1024x683-1-768x512.jpg 768w\" sizes=\"(max-width: 973px) 100vw, 973px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/tds.php\"><span style=\"color: #003366;\"><strong>TAX Deducted at Source (TDS)\u00a0 \u00a0 <\/strong><\/span><\/a>has been adopted with the purpose of collecting tax from the source of earning of assesse. According to this concept, an individual (deductor) who is liable to make payment of specified nature to some other person (deductee) shall deduct tax at source and remit the same tax to the Central Government.<\/p>\n<p>TDS has been introduced to collect taxes from the source of earning. As per the <a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax Act,<\/a> while someone making a payment is required to deduct tax if payment excessed such levels\/limit as specified. Limits or rate of TDS is prescribed by the Tax Department. The TDS is administered by the CBDT, which is come in the preview of the Ministry of finance.<\/p>\n<p>TDS is a Kind of advance tax that must be deducted regardless of the method of payment. Because Tax Deducted at Source is a part of the Income Tax Act, both the Deductee and Deductor the person permanent account number (PAN) are linked to it. In such a case the PAN of the deductee is not uploaded, the Deductor Tax Deducted at Source shall deduct at a rate greater than the following:<\/p>\n<ul>\n<li>at the rate prescribed in the Finance Act;<\/li>\n<li>at 20%.<\/li>\n<li>the rate prescribed in the income tax Act;<\/li>\n<\/ul>\n<p><span style=\"color: #003366;\"><strong><a href=\"https:\/\/carajput.com\/tds.php\">Tax Deducted at Source (TDS<\/a>) IS APPLICABLE: <\/strong><\/span><\/p>\n<p>Below are expenditure &amp; source of income falls under TDS-<\/p>\n<ul>\n<li>Technical or consultancy fees.<\/li>\n<li>Transfer of any immovable property other than agricultural land;<\/li>\n<li>Salary Payment ;<\/li>\n<li>Contractor payments<\/li>\n<li>Payment of Brokerage or commission<\/li>\n<li>Transfer of immovable property<\/li>\n<li>Compensation on acquiring immovable property<\/li>\n<li>Payment of interest by banks.<\/li>\n<li>Charge to the contractor\/sub-contractor for the success of the work;<\/li>\n<li>Rent payment<\/li>\n<li>Payments to freelancers and lawyers<\/li>\n<li>Lottery etc<\/li>\n<li>Insurance Commission<\/li>\n<li>LIC maturity amount<\/li>\n<li>Interest-free<\/li>\n<li>The rise in demand (for TDS)<\/li>\n<li>Penalty tax<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Deducted_at_Source_TDS_IS_NOT_APPLICABLE\"><\/span><span style=\"color: #003366;\"><strong>Tax Deducted at Source (TDS) IS NOT APPLICABLE : <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the following circumstances, TDS is not applicable as per the income tax Act:<\/p>\n<ul>\n<li>Where the person has a holder of a certificate of non-deduction u\/s 192 of the Income Tax Act.<\/li>\n<li>When the sum is paid towards the State Government or Center and RBI.<\/li>\n<li>Payment made towards mutual funds specified U\/s 10 (23D) income tax Act.<\/li>\n<li>Whenever a payment is made to Central Financial Corporations or State Financial Corporations.<\/li>\n<li>Interests paid or credited towards :<\/li>\n<\/ul>\n<ul>\n<li>National Savings Certificate<\/li>\n<li>Kisan Vikas Patra issued by the Government of India.<\/li>\n<li>Non-Resident External Account<\/li>\n<li>Banking Co-operative society as per defined under the income tax act<\/li>\n<li>Recurring deposits or Savings account of banks &amp; Co-operative society<\/li>\n<li>Banking Company or Bank defined as per banking regulation<\/li>\n<li>Trust Unit of the Indian or any other insurance company;<\/li>\n<li>Notified body for non-deduction of tax<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Benefit_of_TDS\"><\/span><span style=\"color: #003366;\"><strong>Benefit of <a href=\"https:\/\/carajput.com\/tds.php\">TDS<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>It expands the tax collection framework.<\/li>\n<li>This is a platform to transfer the accountability for the collection of taxes between the government and the deductors.<\/li>\n<li>It helps to stop tax evasion.<\/li>\n<li>As TDS deductions take place all throughout the financial year, this is an efficient method of revenue inflows to the government.<\/li>\n<\/ul>\n<p><span style=\"color: #333399;\">https:\/\/carajput.com\/learn\/compliances-of-tax-deducted-at-sources-tds-.html<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Deducted_at_Source_Payment_Due_Dates\"><\/span><span style=\"color: #003366;\"><strong>Tax Deducted at Source Payment Due Dates<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Month-wise TDS due date is as follows:<\/p>\n<table style=\"height: 451px;\" width=\"975\">\n<tbody>\n<tr>\n<td>Month<\/td>\n<td>Due date<\/td>\n<\/tr>\n<tr>\n<td>April<\/td>\n<td>On or before the Seventh of May<\/td>\n<\/tr>\n<tr>\n<td>May<\/td>\n<td>On or before the Seventh of June<\/td>\n<\/tr>\n<tr>\n<td>June<\/td>\n<td>On or before the Seventh of July<\/td>\n<\/tr>\n<tr>\n<td>July<\/td>\n<td>On or before Seventh August<\/td>\n<\/tr>\n<tr>\n<td>Aug<\/td>\n<td>On or before Seventh\u00a0September<\/td>\n<\/tr>\n<tr>\n<td>Sept<\/td>\n<td>On or before Seventh\u00a0October<\/td>\n<\/tr>\n<tr>\n<td>Oct<\/td>\n<td>On or before the Seventh of November<\/td>\n<\/tr>\n<tr>\n<td>Nov<\/td>\n<td>On or before the Seventh December<\/td>\n<\/tr>\n<tr>\n<td>Dec<\/td>\n<td>On or before Seventh\u00a0January<\/td>\n<\/tr>\n<tr>\n<td>Jan<\/td>\n<td>On or before Seventh\u00a0February<\/td>\n<\/tr>\n<tr>\n<td>Feb<\/td>\n<td>On or before the Seventh March<\/td>\n<\/tr>\n<tr>\n<td>Mar<\/td>\n<td>\n<ul>\n<li>On or before Seventh\u00a0April for government deductors<\/li>\n<li>On or before Seventh\u00a0April for non-government deductors<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Normal_Tax_Deducted_at_Source_Return_Filing_Due_Dates\"><\/span><span style=\"color: #003366;\">Normal Tax Deducted at Source Return Filing Due Dates<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Dead Line of Quarterly filing of Tax Deducted at Source Returns are as below:<\/p>\n<table style=\"height: 200px;\" width=\"975\">\n<tbody>\n<tr>\n<td width=\"168\"><span style=\"color: #003366;\"><strong>Quarter Period<\/strong><\/span><\/td>\n<td width=\"151\"><span style=\"color: #003366;\"><strong>Quarter<\/strong><\/span><\/td>\n<td width=\"246\"><span style=\"color: #003366;\"><strong>Due date to file TDS return<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"168\">April to June<\/td>\n<td width=\"151\">1st\u00a0Quarter<\/td>\n<td width=\"246\">On 31st\u00a0July of the same FY<\/td>\n<\/tr>\n<tr>\n<td width=\"168\">July to September<\/td>\n<td width=\"151\">2nd\u00a0Quarter<\/td>\n<td width=\"246\">On 31st\u00a0Oct of the same FY<\/td>\n<\/tr>\n<tr>\n<td width=\"168\">October to December<\/td>\n<td width=\"151\">3rd\u00a0Quarter<\/td>\n<td width=\"246\">On 31st\u00a0Jan of the same FY<\/td>\n<\/tr>\n<tr>\n<td width=\"168\">January to March<\/td>\n<td width=\"151\">4th\u00a0Quarter<\/td>\n<td width=\"246\">On 31st\u00a0May of the next FY<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Govt_made_the_New_Deadline_for_TDS_Returns_Filing_for_FY_2024-25\"><\/span><span style=\"color: #000080;\">Govt made the <a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/warning-due-dates-are-closer-than-they-appear\/\">New Deadline for TDS Returns Filing<\/a> for FY 2024-25<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"height: 172px;\" width=\"982\">\n<thead>\n<tr>\n<td><strong>Quarter<\/strong><\/td>\n<td><strong>Quarter Period<\/strong><\/td>\n<td><strong>Quarter Ending<\/strong><\/td>\n<td><strong>Due Date<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>First Quarter<\/td>\n<td>April 2024 \u2013 June 2025<\/td>\n<td>30 June 2025<\/td>\n<td>31 March 2025<\/td>\n<\/tr>\n<tr>\n<td>Second Quarter<\/td>\n<td>July 2024 \u2013 September 2025<\/td>\n<td>30 September 2025<\/td>\n<td>31 March 2025<\/td>\n<\/tr>\n<tr>\n<td>Third Quarter<\/td>\n<td>October 2024 \u2013 December 2025<\/td>\n<td>31 December 2025<\/td>\n<td>31 January 2025<\/td>\n<\/tr>\n<tr>\n<td>Fourth \u00a0Quarter<\/td>\n<td>January 2024\u2013 March 2025<\/td>\n<td>31 March 2026<\/td>\n<td>31 May 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_deposit_TDS\"><\/span><span style=\"color: #003366;\">How do I deposit TDS?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>TDS must be deposited on the government portal using Challan ITNS-281.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Whats_a_TDS_certificate\"><\/span><span style=\"color: #003366;\">What&#8217;s a TDS certificate?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Form 16, Form 16A, Form 16 B, Form 16 C are all <a href=\"https:\/\/carajput.com\/tds.php\">TDS<\/a> certificates. TDS certificates must be issued by an individual who deducts TDS from an assessee whose TDS income was deducted at the time of payment.<\/p>\n<p>For example, banks issue Form 16A to the depositor when TDS is deducted from interest on fixed deposits. Form 16 shall be given to the employee by the employer.<\/p>\n<table style=\"height: 318px;\" width=\"976\">\n<tbody>\n<tr>\n<td width=\"156\"><span style=\"color: #003366;\"><strong>Frequency of TDS certificate <\/strong><\/span><\/td>\n<td width=\"156\"><span style=\"color: #003366;\"><strong>Form Type <\/strong><\/span><\/td>\n<td width=\"156\"><span style=\"color: #003366;\"><strong>Certificate issued for <\/strong><\/span><\/td>\n<td width=\"156\"><span style=\"color: #003366;\"><strong>Dead Line <\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"156\">Yearly<\/td>\n<td width=\"156\">Form 16<\/td>\n<td width=\"156\">TDS on salary payment<\/td>\n<td width=\"156\">31st May<\/td>\n<\/tr>\n<tr>\n<td width=\"156\">Quarterly<\/td>\n<td width=\"156\">Form 16 A<\/td>\n<td width=\"156\">TDS on non-salary payments<\/td>\n<td width=\"156\">15 days from due date of filing return<\/td>\n<\/tr>\n<tr>\n<td width=\"156\">Every transaction<\/td>\n<td width=\"156\">Form 16 B<\/td>\n<td width=\"156\">TDS on sale of property<\/td>\n<td width=\"156\">15 days from due date of filing return<\/td>\n<\/tr>\n<tr>\n<td width=\"156\">Every transaction<\/td>\n<td width=\"156\">Form 16 C<\/td>\n<td width=\"156\">TDS on rent<\/td>\n<td width=\"156\">15 days from due date of filing return<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Key_Point_to_be_remembered_while_deducting_TDS\"><\/span><span style=\"color: #003366;\">Key Point to be remembered while deducting TDS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>According to Sections 192 to 194L of the Income Tax Act provide a complete list of Tax Deducted at Source expenditures and sources of income.<\/li>\n<li>If the person does not fall within the scope of the income tax slab, he or she may apply Form 15G or Form 15H to the deductor in advance for non-deduction of tax at source.<\/li>\n<li>The Tax Deducted at Source refers to each kind of income that reaches a certain threshold.<\/li>\n<li>TDS shall be deducted as per the rate of income tax imposed on employees.<\/li>\n<li>For many other deductees, the Tax Deducted at Source shall be deducted at the specified percentage at each type of income.<\/li>\n<li>Form 15H is intended for senior citizens.<\/li>\n<li>Form 15G is intended for all other persons.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Points_to_be_understood_for_TDS\"><\/span><span style=\"color: #003366;\">Points to be understood for TDS \u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Any person who deducts <a href=\"https:\/\/carajput.com\/tds.php\">TDS<\/a> must have a TAN as provided for in Section 203 A of the Income Tax Act 1961.<\/li>\n<li>Tax Deduction and Collection Account Number is a required condition for TDS returns to be filed. In addition, it should be included in the tax deduction certificate issued.<\/li>\n<li>Deductions for TDS are connected to your Permanent Account Number. It is, therefore, necessary to have Permanent Account Number information of the deductee in order to deduct tax at source.<\/li>\n<li>Any deductee must request a Tax Deducted at Source certificate to change the amount of tax deducted against the total amount of tax payable.<\/li>\n<li>Tax Deducted at Source information can be reviewed using the Tax Credit Form 26AS, which is open to all PAN holders.<\/li>\n<li>This consolidated tax statement gives you specific details of the Tax Deducted at Source withheld for the different forms of payments.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"TDS_Tax_Deducted_at_Source_Summary_Chart_for_Financial_Year_2025-26\"><\/span><span style=\"color: #000080;\">TDS (Tax Deducted at Source) Summary Chart for Financial Year 2025-26,<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-29164\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/12\/TDS-Summary-.jpg\" alt=\"TDS Summary\" width=\"998\" height=\"819\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/12\/TDS-Summary-.jpg 701w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/12\/TDS-Summary--300x246.jpg 300w\" sizes=\"(max-width: 998px) 100vw, 998px\" \/><\/p>\n<p>Notable TDS Sections &amp; Highlights:<\/p>\n<p>Salary &amp; Investments<\/p>\n<ul>\n<li>192: Salary \u2013 TDS as per tax slab on taxable income.<\/li>\n<li>192A: PF withdrawal \u2013 10% if &gt; \u20b950,000.<\/li>\n<li>194: Dividend from domestic company \u2013 10% if &gt; \u20b95,000.<\/li>\n<li>194K: Mutual Fund Dividend \u2013 10% if &gt; \u20b95,000.<\/li>\n<\/ul>\n<p>Interest &amp; Casual Income<\/p>\n<ul>\n<li>194A: Bank\/Post Office interest \u2013 10% if &gt; \u20b95,000 (\u20b950,000 for seniors).<\/li>\n<li>194B: Lottery\/Casual Income \u2013 30% if &gt; \u20b910,000.<\/li>\n<li>194BA: Online Gaming \u2013 30% (No threshold).<\/li>\n<\/ul>\n<p>Contractors, Rent &amp; Commission<\/p>\n<ul>\n<li>194C: Contract \u2013 1% (Individuals\/HUF), 2% (Others) if &gt; \u20b91,00,000.<\/li>\n<li>194H: Commission\/Brokerage \u2013 5% if &gt; \u20b915,000.<\/li>\n<li>194I: Rent:\n<ul>\n<li>Land\/Building\/Furniture \u2013 10%<\/li>\n<li>Plant\/Machinery \u2013 2%<\/li>\n<li>194IB: Rent by individual\/HUF not covered by 194I \u2013 5% if &gt; \u20b950,000\/month.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Property &amp; Professional Fees<\/p>\n<ul>\n<li>194IA: Property Purchase \u2013 1% if &gt; \u20b950 lakh.<\/li>\n<li>194J: Professional\/Technical Fees \u2013 2% if &gt; \u20b930,000.<\/li>\n<\/ul>\n<p>Cash Transactions<\/p>\n<ul>\n<li>194N: Cash Withdrawal:<\/li>\n<li>2% above \u20b91 crore (if ITR not filed: 2% till \u20b91 Cr, 5% after \u20b91 Cr)<\/li>\n<\/ul>\n<p>Goods Purchase<\/p>\n<ul>\n<li>194Q: Purchase of Goods \u2013 0.1% on amounts &gt; \u20b950 lakh.<\/li>\n<\/ul>\n<p>Important Notes:<\/p>\n<ul>\n<li>Online Gaming (194BA) now has no threshold \u2014 flat 30% TDS.<\/li>\n<li>TDS on cash withdrawals (194N) is stricter if ITR is not filed.<\/li>\n<li>New entries like perquisites in business (194R) and payments to partners (194R) have been explicitly highlighted.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Related_Articlespieces_of_information\"><\/span><span style=\"color: #000080;\">Related Articles\/pieces of information<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/how-to-file-tds-return-online\/\">How to file a return of TDS online<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/key-features-of-tcs-on-goods-sale-section-206c-1h-applicable-from-1-october-2020.html\">key features of TCS on goods sale section-206c<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/new-tds-deduction-provision-prevent-cash-transactions-of-more-than-1-crore-section-194n.html\">New TDS deduction No cash transactions exceeding 1 Crore -Section 194N<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/nsdl-extension-of-qtr-tdstcs-statement-filing-dates-for-4-quarter-of-fy-201920-until-30-june.html\">Extention of TDS\/TCS statement filing Date<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>TAX Deducted at Source (TDS)\u00a0 \u00a0 has been adopted with the purpose of collecting tax from the source of earning of assesse. According to this concept, an individual (deductor) who is liable to make payment of specified nature to some other person (deductee) shall deduct tax at source and remit the same tax to the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[9827,9828],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/9590"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=9590"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/9590\/revisions"}],"predecessor-version":[{"id":14054,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/9590\/revisions\/14054"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=9590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=9590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=9590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}