WebNov 23, 2024 · TDS Rate Under Section 194H. TDS rate under section 194H is 5%. For the period 14 May 2024 until 31 March 2024 the TDS rate is 3.75%. If the payee does not quote the PAN number to the deductor, then the TDS rate will be 20%. The deductor must not add any surcharge, education cess, or SHEC to the TDS rate. The TDS rate is the basic rate. WebApr 4, 2024 · Section 194H: Rate is 5% of the brokerage earnings. The threshold limit is ₹15,000. Section 194I: Rate is 2% on the rental amount of plant and machinery/ 10% on the rent of land and building, and the threshold limit is ₹1,80,000. Section 194J: Rate is 10% on the technical/professional services. The threshold limit is ₹30,000 per annum.
Section 194H - TDS on Commission & Brokerage
WebJan 30, 2024 · Threshold Limit* TDS Rate: Section 192: As per applicable income slab: As per income tax slab rate: Section 193 ... Section 194H ₹ 15,000 5% of the brokerage earnings: Section 194I ₹ 1,80,000: ... TDS Rates on Salary. Under section 192, employer is eligible to deduct TDS from the estimated income of the employee. ... WebAug 3, 2024 · TDS limit on Commission and brokerage(Section 194H) for F.Y. 2024-21 is Rs. 15000/- Q - What happens if TDS is deducted but not deposited? Interest @1.5% per … rehborn medizinrecht
What Is Section 80TTA & How to Claim Deduction Under It? 5paisa
WebApr 10, 2024 · The tenant is responsible for deducting TDS on rent at the rate of 10% on the rent paid to the landlord if the rent paid exceeds Rs. 2,40,000 per annum as per the norms … WebJun 10, 2024 · Under 194H, anyone paying brokerage to a resident of India is responsible to deduct TDS on commission. Individuals and Hindu Undivided Families (HUF), covered under Section 44AB, are required to deduct TDS on brokerage and submit it with the Income Tax Department. Section 44AB establishes that individuals and HUFs, with a business income ... Web38 rows · No TDS on the amount of income comprised in sum payable under a life … rehborn nrw