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Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
TDS threshold TDS 192: Salary: Exemption limit: As specified in Part III of I Schedule 193: Interest on securities: Subject to provisions: 10% 194A: Other interest: Banks – ₹10,000 (under age 60); ₹ 50,000 (over 60). All other interest – ₹5,000: 10% 194B: Lottery winnings ₹10,000: 30% 194BB: Horse-racing winnings ₹10,000: 30% 194C ...
For 401(k)s, the limit is $23,500, or $31,000 for those who are 50 and over. There’s also a new change to 401(k) contributions that could give older savers an even bigger tax break.
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WASHINGTON (Reuters) -U.S. single-family homebuilding increased to a 10-month high in December, indicating that construction activity regained some momentum at the end of the year, though rising ...
The Consumer Financial Protection Bureau (CFPB) has filed a $2 billion lawsuit against Capital One, alleging that the bank deceived millions of consumers with their savings account offerings. The ...
The Cigarettes and Other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act, 2003 or COTPA, 2003 is an Act of Parliament of India enacted in 2003 to prohibit advertisement of, and regulate the trade and commerce in, the production, supply and distribution of cigarettes and other tobacco products in India.
In iOS 10, Apple introduced "Limit Ad Tracking" setting for users who do not wish to be tracked by advertising networks. If the setting is enabled the system returns a default all-zero id for that device. As of December 2020, it's estimated that approximately 20% of users turn on this setting. [2]