TDS Compliances
TDS Compliances, is a chart for the financial year 2022-23 in India. Please note that the rates and thresholds mentioned below are based on the information available up to my knowledge cutoff in September 2021. It’s always advisable to refer to the official tax department website or consult with a tax professional for the most up-to-date and accurate information:
TDS Rates for Individuals and HUFs (other than salary payments)
Nature of Payment | Threshold Limit | TDS Rate
Interest | Rs. 40,000 (Rs. 50,000 for senior citizens) | 10%
Rent | Rs. 2,40,000 per year | 10%
Professional Fees | Rs. 30,000 per payment | 10%
Commission | Rs. 15,000 per payment | 5%
Contractor/Sub-contractor | Rs. 30,000 per payment | 1%
Insurance Commission | Rs. 15,000 per payment | 5%
Others | As per specific nature of payment | Varies
TDS Rates for Salary Payments
The TDS rates for salary payments are based on the individual’s income slab and are as per the applicable income tax slab rates. The employer calculates and deducts TDS Compliances on salary accordingly.
TDS Due Dates
The due dates for depositing TDS to the government treasury and filing TDS returns are as follows:
TDS Payment Due DatesFor Government Deductors: On the same day of deduction
For Other Deductors
March: 30th April
Other Months: 7th of the following month
TDS Return Filing Due Dates:
Quarter 1: 31st July
Qur 2: 31st October
Qur 3: 31st January
Quarter 4: 31st May
It’s important to note that there may be additional TDS provisions, rates, or changes introduced by the tax authorities. It is recommended to refer to the official tax department website or consult with a tax professional for the most accurate and up-to-date information on TDS for the financial year 2022-23.
To visit https://www.incometax.gov.in
