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TDS Section 192 Calculator
Calculate TDS under Section 192 of the Income Tax Act, 1961. This section covers various payments as specified in the Income Tax Act.
About Section 192
Section 192 of the Income Tax Act, 1961, deals with TDS on various payments as specified in the Act. The section specifies the TDS rates, threshold limits, and conditions for deduction.
Key Points:
- Salary (as per Income Tax Slabs): TDS rate of 0% applies on payments above the threshold limit
- If PAN is not provided, higher TDS rate (usually 20%) may apply
- TDS must be deducted at the time of payment or credit, whichever is earlier
- TDS must be deposited with the government by the 7th of the next month