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Tax Deducted at Source

Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest

Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.

May 24, 2019, 13:03 PM IST

Submit these documents to avoid paying excess TDS

Generally, an employer deducts tax from your salary and pay it to the government known as Tax Deducted at Source (TDS).

Jan 25, 2018, 10:43 AM IST

Software testing complete, ready for smooth GST rollout: GSTN

The GSTN portal has also started accepting registrations from new taxpayers from June 25 even as the process of migration of existing taxpayers is already on.


Jun 27, 2017, 20:30 PM IST

I-T emphasis on creating awareness on TDS

Income Tax department is emphasising on creating greater awareness on tax deducted at source (TDS) compliance.

Jan 31, 2016, 19:27 PM IST

Easwar panel on I-T for raising threshold for TDS deduction

A high level panel on simplification of income tax laws on Monday recommended raising the threshold limits for deduction of tax at source (TDS) as also slashing the rate of withholding tax.

Jan 18, 2016, 15:20 PM IST

TDS threshold to be increased; Know what are the benefits

TDS rates for interest income and commission need to be rationalized, the committee suggested that these should be halved to 5 percent.

Jan 18, 2016, 10:44 AM IST

I-T Dept simplifies online rectification of TDS in ITR

Aimed at making life easier for tax payers, the I-T department on Thursday said it simplified the process of online rectification of incorrect details of tax deducted at source (TDS) filed in the income tax return (ITR).


Dec 10, 2015, 17:59 PM IST

Unions question TDS on PF withdrawals, want order on hold

Opposing the government's decision to deduct tax at source on pre-mature PF withdrawals, trade unions on Friday said they will ask the Labour Ministry to put the EPFO order in this regard on hold.

May 22, 2015, 17:23 PM IST

Direct Tax collections marginally short of target in 2014-15

Direct tax collections touched Rs 6,96,200 crore during 2014-15 despite difficulties on the economic front, marginally falling short of the target.

May 05, 2015, 16:26 PM IST

I-T dept collects Rs 6.96 lakh cr revenue during 2014-15

The achieved collections are about Rs 9,000 crore or 14 percent short of the projected target of Rs 7,05,000 crore.

May 03, 2015, 15:59 PM IST

Date for TDS deposit extended to Oct 10

The Central Board of Direct Taxes (CBDT) has extended the due date of deposit of Tax Deducted at Source/Tax Collected at Source during the Month of September, by three days to October 10 from October 7.

Oct 01, 2014, 14:44 PM IST

CII on Budget: Help restore higher domestic savings rate

The first Budget of the Narendra Modi government would do well to initiate steps that would restore domestic savings rate level to at least 35 percent of GDP through tax incentives, says industry body CII.

Jul 06, 2014, 18:00 PM IST

Failure to deposit TDS on time will attract penalty

Failure to deposit timely and correct TDS or TCS will now attract a penalty ranging from Rs 200 to Rs one lakh by the Income Tax department.

Jun 05, 2013, 18:18 PM IST

I-T to scan salary slips of top executives for TDS

Income Tax department has decided to scan the salary structure of top executives of large corporates and PSUs to examine hidden tax opportunities in the perks and reimbursements made to them.

Jun 03, 2013, 18:16 PM IST

I-T to initiate action against big TDS defaulters

The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it from their workers' salaries.

Mar 10, 2013, 09:07 AM IST

Chidambaram to launch CPC (TDS) on Saturday

Finance Minister P Chidambaram will launch the Centralised Processing Cell for Tax Deducted at Source (CPC-TDS) tomorrow, a move likely to ease the compliance procedure for taxpayers.

Feb 22, 2013, 19:31 PM IST

Nokia raided by I-T dept for alleged tax evasion in Chennai

Sources said the I-T department is looking for some alleged mismatch in payments made by the company under the Tax Deducted at Source (TDS) category.

Jan 08, 2013, 18:10 PM IST

Inaccurate TDS returns may attract penalty from July 1

Attempting to raise revenue, the government has targeted Tax Deducted at Source (TDS) and proposed penal provisions for inaccurate details and ensuring filing of corrective returns from July 1.

May 02, 2012, 18:45 PM IST