SMS on TDS: Salaried Taxpayers Received from Income Tax Dept? Do not panic

Many salaried employees across the country are receiving messages from the Income Tax Department regarding the tax deducted at source (TDS) on their wages. These messages contain details of the total TDS for the financial year 2023-24, including details of TDS deducted by employers for the quarter that ended on December 31. If you have … Read more

TDS Deduction Rate 2024 by Source of Transaction

The Income Tax Department announced TDS Rate 2024 or TDS Deduction Rate 2024 for the current financial year based on certain transactions such as salary, house rent, interest income, cash withdrawal, fixed deposits, and other sources. Section-wise, complete details are listed here. Tax Deducted at Source (TDS) is a tax collection method in India wherein … Read more