The full form of TDS is Tax Deducted at Source. After the full from of TDS we will also see vaious related information related to TDS.
What is the limit to deduct TDS u/s 194 C? The threshold for deduction of the TDS under section 194C is Rs. 1, 00,000/- for aggregate payment of the whole Financial Year and Rs 30,000/- for the single payment.
What is the TDS rate for 30000 salary
The TDS deduction happens in various slabs. TDS is required to be deducted at the rate of 10% and no threshold limit of RS. 30,000 applies to this. Therefore even if the payment is less then Rs. 30,000 TDS is required to be deducted. We have discussed full form of TDS after that we will see the process to file TDS return process.
File TDS Return Process
Application for fresh allotment of PAN can be made through Internet. Requests for changes or correction in PAN data or request for reprint of PAN card (for an existing PAN) can also be made through Internet.
Online application can be made either through the portal of NSDL (http://tin.tin.nsdl.com/pan/index.html) or portal of UTITSL (https://www.utiitsl.com/UTIITSL_SITE).
Visit the website of the Income Tax PAN Services Unit athttp://tin.tin.nsdl.com/pan/index.htmlor https://www.utiitsl.com/UTIITSL_SITE
To apply for a new PAN, Form 49A or Form 49AA can be used. Fill in the details and submit the form online. After the form is submitted online successfully, an acknowledgement bearing unique acknowledgement / coupon number is displayed. This acknowledgement need to be saved and printed for further process.
The acknowledgement form need to be sent to PAN service provider. Before sending this, you will need to attach proof of identity, proof of address and proof of date of birth document along with the acknowledgment form. Your name which is mentioned in these documents, should be the same as that is being asked in the PAN application form. Please take care of this at the time of filling in PAN application form.
You must affix two recent coloured photographs on the acknowledgment form at the designated space. Signatures have to be made at indicated place. The photograph should be recent &clear, as same would be printed on your PAN card.
PAN application fee is Rs.105 (including taxes) for communication address within India. The payment can be made by – cheque, Demand Draft, internet banking, credit card or debit card. If the communication address is outside India, then PAN fee is Rs. 971(including taxes), payable by demand draft, credit card or debit card (for NSDL) and by demand draft or credit card (for UTIITSL). In case payment is by internet banking or by credit card or by debit card, then the payment need to be made at the time of filling in PAN application form, after which payment receipt will be given. Please take a print of this payment receipt and attach the same with acknowledgement form.
The duly signed acknowledgement form must be accompanied by photographs, proof of identity, proof of address, proof of date of birth documents and the payment/payment proof as the case may be. This need to be sent to PAN Service provider within 15 days of online PAN application date. The envelope need to be subscribed with the words ‘APPLICATION FOR PAN – Acknowledgement / Coupon Number ____________’. The applications are processed by PAN Service provider after realization of payment. Full form of TDS is described along with the process to return TDS.
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