Web2 days ago · Deduction u/s 80C, 80CCC and 80CCD (1): Employees can get a combined deduction of Rs 1.5 lakh under these sections for payments made against life insurance premium, provident fund, pension scheme of the central government, or annuity plan of LIC or any other insurer towards the pension scheme. This deduction is available only under … WebNov 11, 2024 · The difference between TDS and TCS can be drawn clearly on the following grounds: TDS implies the amount deducted from the recipient’s income in the form of tax. TCS refers to an amount …
TCS reports 14.8 pc rise in net income to Rs 11,392 cr in Q4
WebWhat is TCS Tax- Tax Collected at Source (TCS) is a tax payable by a seller who collects the tax, in turn, from the buyers at the time of sale of goods as per section 206C. ... Income Tax Department of India.) Kindly note that the interest charges for any late payment of the TCS are 1% for every month delayed. Type of Goods Existing TCS Rate ... WebFile Income Tax Returns online with ClearTax. ClearTax is fast, safe and very easy to use. Save money. ClearTax handles all cases of Income from Salary, Interest Income, Capital … seatable 502
What is TCS Tax : TCS Meaning, Full Form, Rates Applicable
WebMar 29, 2024 · TCS Rates under Income Tax Act for AY 2024-25 or FY 2024-24 By Manu Sharma - On March 29, 2024 5:26 pm - 2 mins read The Tax Collection at Source or TCS is … WebMay 4, 2024 · Tax Collected at Source (TCS) in India. Tax Collected at Source (TCS) is the tax payable by a seller, which he collects from the buyer at the time of sale. Section 206C of the Income-tax act governs the goods on which the seller must collect tax from the purchasers. The seller is only responsible for the collection of this tax from the buyer. WebApr 15, 2024 · TCS payment under income tax for March 2024. 15 April 2024 What is the due date for payment of Tax Collection at source (TCS) under income tax for March 2024? You need to be the querist or approved CAclub expert to take part in this query . seatable access