Webb11 apr. 2024 · However, if the sum is deducted or collected by a government office, it must be credited to the Central Government on the same day as the tax payment, without requiring an Income-tax Challan. 14th September 2024: Due date for issue of TDS Certificate for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in the month … Webb3 apr. 2024 · The amount invested in the SCSS account is eligible for a tax deduction. One can claim a maximum of up to INR 1,50,000 under Section 80C of the Income Tax Act. …
Form 15G & Form 15H: A Guide For Senior Citizens To Save Tax
Webb15 feb. 2024 · Updated: 15-02-2024 12:08:40 PM. Any individual or HUF can get a tax deduction up to Rs. 1.5 lakh per financial year under Section 80C of the Income Tax Act and its allied sections such as 80CCC and 80CCD. This deduction is not available to partnerships, companies and other corporate bodies. You have to claim this deduction … Webb17 feb. 2024 · TDS of Rs. 50,000 has been deducted under Section 194A in each year. As his income was below the maximum exemption limit, he was neither liable nor he … paiva duflex calculator - ss white
How to save income tax in India?
Webb14 apr. 2024 · Tax deduction benefit up to ₹1.5 lakh is available under Section 80C for the investment made in a 5-year Post Office FD account. TDS is applicable on the interest earned from fixed deposits as per I-T Rules. Different Types of Post Office FD Schemes. Post office offers various fixed deposit schemes for Indian residents and NRIs. Webb17 sep. 2024 · Sub: – Deduction/Non-deduction of TDS in SCSS accounts in CBS post offices reg. Sir/Madam, This office is receiving various representations from the SCSS account holder (s) that CBS post offices are either not deducting TDS or deducting TDS even after submission of form 15G/15H or deduct TDS at the higher rate on SCSS … Webb6 feb. 2024 · Feb 6, 2024 Budget 2024 In the Budget for 2024, the Senior Citizen Savings Scheme (SCSS) investment cap was raised from Rs 15 lakh to Rs 30 lakh. The government increased the interest rate on the Senior Citizen Savings Scheme (SCSS) to 8% for the quarter ending March 31, 2024. Image Source: Getty Images SCSS TDS applicability paiva and betty anderson