What Is The Due Date For Payment Of TDS On Salary?

What is the rebate for AY 2020 21?

The amount of rebate is 100 per cent of income-tax or Rs.

12,500, whichever is less.

For the Assessment Year 2020-21 & 2021-22, a partnership firm (including LLP) is taxable at 30%..

Is TDS payment due date extended?

In case of non payment of tax by June 30, 2020, the normal interest and penal provisions will apply from March 20, 2020. The date for filing TDS return for February and March have been extended to July 31, 2020. … The due date for filing ITR for FY2019-20 has already been extended till November 30, 2020.

What if last date of payment of TDS is Sunday?

For eg – TDS deducted on 15th June 2016 is required to paid on or before 30th July 2016. A common question asked is what is the last date of payment when above mentioned due date falls on a Sunday or public holiday….TDS Payment Due Date.MonthDue DateMarch30th April12 more rows

What is due date for payment of GST?

20thThe GST payment due date for general taxpayers is 20th of next month while the GST payment due date for composition scheme dealers is 18th of next quarter.

Can we file TDS return after due date?

Failure to file your TDS returns within the due date will mean that you will be subject to a late filing fee of Rs. 200 per day. The fee will be charged for every day after the due date, until the date on which your return is filed. However, the maximum fees that you will have to pay will be limited to the TDS amount.

What is the last date for filing income tax return 2020?

November 30, 2020Related. The government via a press conference dated May 13, 2020 announced that the income tax return (ITR) filing deadline for financial year 2019-20 has been extended to November 30, 2020 from the normal deadline of July 31.

What are the income tax slabs for AY 2020 21?

INCOME SLAB AND TAX RATES FOR F.Y. 2020-21/A.Y 2021-22Taxable incomeTax Rate (Existing Scheme)Tax Rate (New Scheme)Rs. 7,50,001 to Rs. 10,00,00020%15%Rs. 10,00,001 to Rs. 12,50,00030%20%Rs. 12,50,001 to Rs. 15,00,00030%25%Above Rs. 15,00,00030%30%3 more rows

What is the due date for payment of TDS for March 2020?

The normal due date to pay the liability of TDS in the month of March is April, 30, 2020 which falls between March 20 to June 29. In normal circumstances, if the TDS is paid on May 20, 2020 then the deductor has to pay interest @ 1.5 % from March 2020 to May 2020 or 3 months.

What is the due date for tax filing FY 2019/20 AY 2020 21?

The due date for the income tax return for the FY 2019-20 (AY 2020-21) has now been extended to November 30, 2020. The returns of income which are required to be filed by 31st July, 2020 and 31st October, 2020 can be filed up to 30th November, 2020.

What is the due date for payment of TDS for March 2019?

TDS payment due date every quarterMonth of DeductionQuarter endingDue Date for filing of Return from the financial year 2020-21 for All DeductorsDecember31st December31st JanJanuary31st March31st May (31st July for Q4 of FY 2019-20 ending March 2020)FebruaryMarch9 more rows•Aug 25, 2020

Can we claim TDS refund after due date?

A person can claim the refund of the excess tax paid/deducted during a financial year by filing his or her income tax returns for that year. As per the Income Tax Act, a person is required to file his/her return in the relevant assessment year by July 31 (unless deadline extended) to claim the refund.

In which month income tax is deducted?

Your employer will provide you with a TDS certificate called Form 16 typically around June or July showing you how much tax was deducted each month.. Understand your Form 16 better here. Your bank may also deduct tax at source when you earn interest from a fixed deposit. The bank deducts TDS at 10% on FDs usually.