TDS TAX DEDUCTION AT SOURCE.It was introduced to collect tax at the source from where an individual's income is generated. Its type of tax which come under indirect tax.
There is due date for submmition of Tax Deducted at source. It can be paid online through TRACES Or software.
This is only applicable to those who earns income from any source. As per income tax act, 1961, the act states before making payment you have to check the applicability of TDS of service provider . If the suscriber fall as per TDS rule then its responcilibilty of service receiver to decuct TDS on his payment As per govermnet prescribed rules.
As per Income tax act, 1961 some payment terms has classified for duductor
All those serivce mainly notify like salary , bonus, commission, FD interest, rent, contract sercice etc.
|Section||Threshold Limit*||TDS Rate|
|Section 192||As per applicable income slab||As per income tax slab rate|
|Section 193||5000/- for debenture payment||10% of the interests earned on security investments.|
|Section 194||2500/-||10% of proceeds from any deemed dividend|
|Section 194A||10000/-||10% of proceeds from interests earned on investments other than securities|
|Section 194B||10000/-||30% of prize money on lottery or gaming related winnings|
|Section 194BB||10000/-||30% of prize money from horse racing|
|Section 194C||30000/-||Proceeds from any contracts / sub contracts|
|which is for each contract, whereas 100,000 is for p.a.||• Individuals or HUF @ 1%|
|• Non Individual/corporate @ 2%|
|Section 194D||15000/-||5% of earning as insurance commissions|
|Section 194EE||2500/-||20% of expense in NSS deposits|
|Section 194F||NIL||20% of investment in MF or UTI units|
|Section 194G||15000/-||5% of the commission money from lottery ticket selling.|
|Section 194H||15000/-||5% of the brokerage earnings|
|Section 194I||180000/-||2% on rental amount of plant & machinery/|
|10% on the rent of land & building|
|Section 194J||30,000/- p.a||10% on the technical/professional services|
|Section 194LA||250000/-||10% on the transfer money paid to any resident while acquiring an immovable property|
|Service Provided by corpseed||A) Preapring Data for TDS Return and Payment|
|B) Challan Payment monthly (online)|
|C) Return for Quaterly|
|D) Form 16|
|E) Fom 16A|
|F) Yearly Filling|
|g) Data Preparing TDS|
|h) TDS challan payment|
|i) Tds Return|
|Benefit % if subscribed annually||10%|
|Benefit amt if subscribed annually||21600.1|
At Corpseed, we are committed to offer our services to the entrepreneurs and businesses as a very cost-effective proposition. We believe that a customer is always right and the focus of any business activity should be to serve the customer with utmost loyalty. All our services come with SLAs (Service Level Agreements) for on-time service delivery and money back guarantee to ensure high level of customer satisfaction.
At Corpseed, our valued customers are always kept in the loop as far as service delivery timeline is concerned and we inform our customers every time a milestone is achieved during each stage of service request processing. But we also believe that we may come across a customer who is not satisfied with our efforts. For that we have a very responsive Customer Care Department which work 24x7 to attend to and solve customer complaints. We also have a money back guarantee for those, who want their service charges to be refunded.
At Corpseed, We believe it is our responsibility to protect our customer information from unauthorized access. We have put systems and processes in place to make sure that the customer information is safe with us during its storage and transfer between in house and third party servers. We continuously test our systems and processes for security breach and vulnerabilities are identified and fixed at a regular basis..
If a customer is not satisfied with the service we provided and if he contacts our customer care helpline and files a formal complaint within 15 days of service delivery date, Corpseed would refund the entire or partial amount of Professional Fee charged for that particular service.
If a customer is having issues with our service delivery process, he has various alternatives available at his disposal to register his grievance with us. He can either email his complaint at email@example.com or he can call our 24x7 Customer Care Helpline. Also, any customer is always welcome to visit our office to lodge a complaint with the senior management.
A customer can buy our services directly from our online platform, for which he need to make online payment. Once he clicks on "Apply Now", a new window will open, a customer is required to submit the information in the respective fields and click "Make Payment". A unique ticket number will be auto generated, the customer need to quote this number as reference for any enquiry regarding his service request.
All the monetary transactions performed on Corpseed online platform are secured with SSL System Protocol. We encrypt the customer information such as credit card and bank account details, before these are transmitted anywhere. We adhere to PCI DSS for data security standards for payment processing.
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