TAX Deducted At Source


Q1. What is TDS ( Tax deducted at source ) ?

Ans. When tax is deducted before paying the income and deposited with the government.

Q2. Who is required to deduct TDS ?

Ans. Following are required to deduct TDS

  1. Sole Proprietor ( Only when last year his books of accounts were audited)
  2. Partnership Firm.
  3. Limited Liability Partnership firm.
  4. Company

Q3. What are slab and rate of TDS for FY 2018-2019.

SectionNature of PaymentLimit Rs.Individual Rate %Others. Rate %
192Salaries Slab wise 
194AInterest (Bank)100001010
194AInterest (Others) 50001010
194CContractor – Single Transaction3000012
194CContractor – During the year10000012
194CTransporter ( Declaration of PAN )
194DInsurance Commission 15000510
194HCommission / Brokerage1500055
194IRent of Land and Building, Furniture fixtures1800001010
194IRent of Plant/ Machinery/ Equipment18000022
194IBRent by Individual 50000/pm5
194IATransfer of certain immovable property other then agriculture land50,00,00011
194JProfessional fees/ Technical Fees300001010

Q4. What is due date for deposit of tds ?

Ans. TDS deposit due date is 7th of next month (except for the month of March where due date is 30th of April)

Q5 What is due date of Filling return. ?


TDS Last Dates of FY 2018-19 for Return Filing

QuarterPeriodLast Date of Filing
1st Quarter1st April to 30th June31st July 2018
2nd Quarter1st July to 30th September31st Oct 2018
3rd Quarter1st October to 31st December31st Jan 2019
4th Quarter1st January to 31st March31st May 2019

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