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Category Archives: TDS

tds on recurring deposit in india

Income Tax on Recurring Deposit in India

Are Recurring Deposits tax free in India? To clear this confusion, below I have penned down all the must know information about Recurring Deposit. What is Recurring Deposit? Recurring Deposit is a SIP under which you have to pay certain agreed amount for a particular

TDS Rate Chart

TDS Rate Chart for FY 2014-15 (AY 2015-16)

Frequently Used TDS Rates & Related Provisions Financial Year 2014-2015 (AY 2015-2016) A new section 194DA has been introduced in Budget 2014 under which sum received from insurance company will be liable to TDS at 2%. Read more: Tax on Insurance Maturity Policy I have

TDS on Life Insurance Policy

Tax on Insurance Policy Maturity Amount

Section 194DA: 2% TDS on Life Insurance Policy Maturity Amount Current Scenario Currently, under section 10(10D) any sum received from life insurer is not taxable if the premium paid does not exceed 10% of the sum assured. Taxpayer would be liable only if he has

How to Avoid TDS in Fixed Deposits?

How to Save TDS on Fixed Deposit Interest?

How to Avoid TDS on Fixed Deposit Interest in India? Last year return of fixed deposit beat both Nifty returns and returns from gold. While investors in gold faced negative returns, the Nifty gained just 6.6 per cent in 2013. Bank fixed deposits pre-tax returns had


How to Convert 26AS Text file to Excel File?

What is Form 26AS? Form 26AS is a consolidated Tax Credit Statement issued under rule 31 AB of Income Tax Rules of India to PAN Holders. Form 26AS shows the amount of Tax Deducted (TDS) from your income and is available as credit against your

Tds on Service Tax Amount

TDS on Service Tax Amount under New Rule

 TDS not to be Deducted on Service Tax Component shown Separately Whether to deduct TDS on Service Tax Amount? This question had always put deductor in difficulty. The question always comes that whether TDS is to be deducted on the entire amount of the invoice