Rates for deduction of income-tax at source from “Salaries”, computation of “advance tax” and charging of income-tax in special cases during the FY 2024-25 (Assessment Year 2025-26).
24 July, 2024
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Rates for deduction of income tax at source set TDS and advance tax computation, applicable to accelerated assessments. Rates for deduction of income tax at source from Salaries and under section 194P and the computation of advance tax are specified in Part III of the First ... Summary
Rates for deduction of income tax at source set TDS and advance tax computation, applicable to accelerated assessments.
Rates for deduction of income tax at source from Salaries and under section 194P and the computation of advance tax are specified in Part III of the First Schedule to the Finance Bill for the relevant fiscal year; those rates also apply to charging income tax in specified accelerated assessment circumstances such as provisional assessment of shipping profits to non residents, assessments of persons leaving India, likely property transfers to avoid tax, and bodies formed for short duration.
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