Tax Deducted at Source (TDS) is a system by the Income Tax Department of India to collect tax at the source of income. Section 192 of the Income Tax Act, 1961, specifically governs TDS on salary payments.As per section 192 of income tax act 1961, employer is required to deduct tax on salary at the time of payment to employee. Employers have to follow the rules in the tax … [Read more...] about Understanding Tax Deduction at Source on Salary: TDS Under Section 192
TDS
TDS on Interest on Fixed deposit – All you want to know
People often asks, is interest on Fixed Deposits taxable? What is the exemption limit of TDS on FD interest? When and How Tax is to be deducted from interest on fixed deposit?In this article, we have discussed provisions related to tax deduction on interest on fixed deposits and answered most of the frequently asked questions.Interest on fixed deposit is chargeable to … [Read more...] about TDS on Interest on Fixed deposit – All you want to know