Salary & family pension deductions enhanced for new tax regime. Standard deduction up from Rs. 50K to Rs. 75K. Family pension deduction up to Rs. 25K/...
Section 194G mandates tax deduction at source (TDS) at 5% on commission, remuneration, or prize income exceeding INR 15,000 paid to persons involved in lottery ticket stocking, distribution, purchase, or sale. It is proposed to reduce the TDS rate under this section from 5% to 2%, effective October 1, 2024.
Section 194G mandates tax deduction at source (TDS) at 5% on commission, remuneration, or prize income exceeding INR 15,000 paid to persons involved in lottery ticket stocking, distribution, purchase, or sale. It is proposed to reduce the TDS rate under this section from 5% to 2%, effective October 1, 2024.
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