DT - TDS/TCS/Advance Tax

Question 1

Section 192

Answer 1

• Nature : Salary
• Payer : Employer
• Payee : Employee (R/NR)
• Rate : Slab Rate
• Exemption Limit : Basic Exemption Limit

Question 2

Section 192A

Answer 2

• Nature : Accumulated Balance In RPF
• Payer : Any Person
• Payee :Employee
• Rate : 10%
• Exemption Limit : Rs 50000 per year

Question 3

Section 193

Answer 3

• Nature : Interest from Securities
• Payer : Any Person
• Payee : Any Resident Person
• Rate : 10%
• Exemption Limit : (Paid to LIC,GIC or
  other Insurer , on govt securities, on
  DMAT securities)

Question 4

Section 194

Answer 4

• Nature : Dividend
• Payer : Domestic Co
• Payee : Resident Shareholder
• Rate : 10%
• Exemption Limit : (Paid to LIC , GIC or
  other insurer , to individual other than
  cash less than 5000)

Question 5

Section 194A

Answer 5

• Nature : Interest Other than Interest on
  securities)
• Payer : Any person ( other than Ind/ HUF
  with TO/GR upto 1cr/50lac)
• Payee : Any Resident Person
• Rate : 10%
• Exemption Limit : Paid by Bank / CoOp
  Bank/ Post office =
  40000/ year or
  50000/year if senior
  citizen , Other person =
  5000/year