This downloadable Handbook: Utse Aaykor Korton 2022 will help you to know primary areas of Tax Deducted at Source (TDS). The frequently required information related to TDS is incorporated in this TDS booklet.
How to calculate TDS if the invoice does not include tax, what is the time limit for deposit of TDS to the government treasury, how to fill-up the treasury challan and what shall be the penalty in case any withholding entity fails to deduct or deposit the TDS etc. have been discussed using examples in this TDS booklet.
You will get TDS rates chart FY 2022-23 which section reference also included for each TDS rates. Sample tax challan, Tax Zone wise account code also provided in the appendix of this TDS booklet.
The people working in accounts section and responsible for payment or collection of money require to know the updated TDS rates at source. If the tax was not deducted or collected at source where applicable then legal consequences will arise results penalty. The deduction or collection is important as well as timely deposit to the government treasury is also important.
We have YouTube channel where we have uploaded a video on TDS time limit and manner. The below video will help you to comply with timely deposit of tax deducted at source.
There are several reporting on tax deducted or collected at source. Monthly, half-yearly and yearly tax reporting require to submit to the tax circle. As the tax deduction or collection at applicable areas are the first responsibilities, so you have to know the tax rates at source. Each year, TDS rates change through finance act.
We have updated the list based on the Finance Act 2022 where you will get the full TDS rates with section references for the financial year 2022-23. You may print this handbook or save in your computer to check during the payment to know whether tax at source is applicable or not. If tax at source is applicable then deduct or collect tax at the prescribed rate.