Is there any minimum amount upto which tax is not deducted?
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....an senior citizen, Rs. 3,00,000 for Senior Citizens and Rs. 5,00,000 for Super Senior Citizens) 1A. No TDS from payment of accumulated balance of provident fund account due to an employee 192A If taxable premature withdrawal amount is less than Rs. 50,000. 2. No TDS from interest paid on debentures issued by a company in which public are substantially interested. Provided interest is paid by account payee cheque to resident individual or HUF 193 If amount of interest paid during the financial year does not exceed Rs. 5,000 3. No TDS from interest paid on 8% Saving (Taxable) Bonds 2003 or 7.75% Savings (Taxable) Bonds, 2018 (applicable from A.Y 2019-20) to resident persons 193 If amount of interest paid or likely to be paid durin....
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.... any other person other than post office or banking company or co-operative society engaged on the banking. 194A If amount of interest paid or credited on time deposit during the financial year exceeds Rs 5,000. 8. No TDS from Lottery / Cross Word Puzzles /Card game/gambling/betting of any form or nature 194B If amount paid during the financial year does not exceed Rs. 10,000. 9. No TDS from winnings from horse races 194BB If amount paid during the financial year does not exceed Rs. 10,000. 10. No TDS to contractor to resident person 194C a) If sum paid/credited to a contractor in a single payment does not exceed Rs. 30,000 b) If sum paid/credited to contractor in aggregate does not exceed Rs. 1,00,000 during the financial ye....
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....red to in 10(23FCA), owned directly by such business trust. 17. No TDS on payment of consideration for purchase of an immovable property(other than agriculture land) to a resident transferor 194-IA If consideration paid or payable for transfer of an immovable property is less than Rs. 50 Lakhs. 17A. No TDS on payment of rent of any land or building or both by an individual/HUF [whose books of account are not required to be audited under section 44AB to resident person. 194-IB If amount of rent does not exceed Rs. 50,000 for a month or part of a month. 18. No TDS on payment of fee for professional services, fee for technical services, royalty, any sum referred to in section 28(va) to a resident person 194J If amount paid or credi....
TaxTMI
TaxTMI