Summary of common TDS sections, rates, and compliance requirements.
Tax Deducted at Source (TDS) is applicable on various payments including salary, interest, rent, professional fees, and contractor payments. The rates vary based on the nature of payment and PAN availability of the deductee. Quarterly returns must be filed in Form 24Q (salary), 26Q (non-salary), 27Q (non-residents), and 27EQ (TCS). Form 16/16A must be issued to deductees within prescribed timelines.
This article is for general informational purposes only and should not be considered as professional advice. Please consult a qualified professional for specific guidance.