Circular on tds on salaries
WebMar 3, 2024 · As per Section 194DA of the Income Tax Act, 1961, any sum received by an insured Indian resident from an insurer under a life insurance policy shall be subject to TDS of 5 percent if the maturity proceed is not exempted under Section 10 (10D), i.e., on policies where the sum assured is less than 10 times the premium amount. Web59 minutes ago · 1. CBDT vide circular No. 04 dated 05 April 2024 clarified that the employer shall seek information from each of its employees regarding his intended tax regime and each such employee shall intimate the same to the employer.. The intimation …
Circular on tds on salaries
Did you know?
WebApr 14, 2024 · The TDS rate for dividend income is 10%. If PAN is not available with the institution at the time of making dividend payment, then TDS will be deducted at 20%. To … WebThe CBDT has issued circular No 04/2024 dated 5th April, 2024 clarifying employer’s TDS obligation for Financial Year… *Tax deduction on Salaries FY 2024-24.*
WebDec 9, 2024 · CBDT has issued a Circular on TDS from Salary under section 192 for AY 2024-23 (FY 2024-22) vide Circular No. 24/2024 dated 07.12.2024 detailing the procedure to be followed by an employer for deducting TDS from the salary income of employees paid during FY 2024-23 or assessment year (AY) 2024-24. WebAug 19, 2024 · The salary was paid to the employees and due taxes are being deducted u/s 192 of the I.T. Act, 1961. From the record, I found that the assessee is running a college for women under a registered society in the name ‘’Sri Satyha Sai College for Women” at Jawahar Nagar, Jaipur.
WebDec 10, 2024 · The Circular comprehensively explained employers' obligations regarding the deduction of tax at source from salaries under Section 192 of the Income-tax Act, … WebCBDT issues clarification regarding deduction of TDS under sectiin 192 of the Income Tax Act, 1961 read with sub-section (1A) of section 115BAC of the Income…
Web59 minutes ago · 1. CBDT vide circular No. 04 dated 05 April 2024 clarified that the employer shall seek information from each of its employees regarding his intended tax regime and each such employee shall intimate the same to the employer.. The intimation is required for the purpose of TDS by the employer. It cannot be modified during the year. …
WebApr 7, 2024 · The Central Board of Direct Taxes (CBDT) has issued a circular on April 5, 2024, which explains how employers will deduct tax on salaries for the current financial year 2024-24. The circular states that employees must inform their employers of the income tax regime they intend to choose for the purpose of TDS (Tax Deducted at … bjc math 2013 answersWebDec 11, 2024 · New Delhi, December 11. The Central Board of Direct Taxes (CBDT) in a circular related to TDS deduction from salaries has said any person responsible for … datetimeformat pattern dd/mm/yyyy not workingWebApr 7, 2024 · The Central Board of Direct Taxes (CBDT) has issued a circular on April 5, 2024, which explains how employers will deduct tax on salaries for the current financial … bjc math syllabusWebApr 5, 2024 · Circular No. 24/2024 : Income-tax deduction from salaries during the Financial Year 2024-23 under section 192 of the Income-tax Act, 1961 7 December 2024 … datetime format options c#WebApr 13, 2024 · Circular No. 04 of 2024 issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, clarifies the procedure for deducting tax at source (TDS) under section 192 read with sub-section (1A) of … bj club car batteriesWebDec 9, 2024 · CBDT issued annual Circular clarifying the TDS on salaries. The CBDT has issued important Circular No. 24/2024 dated December 07, 2024 for the deduction of tax … datetime format month nameWebApr 5, 2024 · In conclusion, the CBDT Income Tax Circular 4/2024 provides clarity on the deduction of TDS under Section 192 and 115BAC of the Income-tax Act, 1961 and aims … bjc mathematics