TDS Rate Chart for Financial Year 2018-2019
Tax deducted at source is introduced by Income Tax Department, TDS should be deducted on making of certain payments such as salary, commission, interest, rent, professional charges etc.
- Due date for payment of TDS is 7th of the following month except March is 30th April
- Higher rate of TDS will attract incase of not furnishing of PAN@20%
- Health & Education cess and Surcharge will not attract except TDS on salary payment
- Late filing fee of Rs.200/- per day will be charged under section 234E
- Interest rate on late payment of TDS@1.5% per month (Per Annum 18%)
- Deductor should issue Form 16 to the employees (TDS deducted from salary income) and Form 16A (TDS deducted from other than salary income) to the vendors after completion of the financial year.
eTDS Filling due dates
First quarter from 1st April to 30th June due date is 31st July of Financial Year
Second quarter from 1st July to 30th September due date is 31st October of Financial Year
Third quarter from 1st October to 31st December due date is 31st January of Financial Year
Fourth quarter from 1st January to 31st March due date is 31st May of following Financial Year
Related Topics
Interest on Late Payment of TDS
Related Pages
- 6 Reasons Why You Have Not Received Your Income Tax Refund Yet
- TDS on Rent Section 194I
- GST Accounting Entries for Sales and Purchases
- How to Make TDS Payment Online?
- Journal Entries For TDS
- Claiming of Tuition Fees Under Section 80C
- TCS Rates Chart
- Income Tax Slab Rates FY 2018-2019
- What is GST?
- GST
- GST Registration
- GST Invoice
- GST Return
- Income Tax Slab Rates FY 2017-2018
- Professional Tax
- TDS Rate Chart for FY 2017-2018
- Interest on Late Payment of TDS
- TDS Refund
- Gratuity Calculation
- House Rent Allowance Calculation