Paytm Payments Bank Interview Questions, Process, and Tips

TDS rates have been revised recently

• TDS rates for non-salaried individuals reduced by 25%

• TDS rates for rent payments reduced to 3.75%

• TDS rates for professional fees reduced to 7.5%

• TDS rates for dividend income increased to 10%

• TDS rates for e-commerce transactions introduced at 1%

• Effective from 14th May 2020

To file TDS return, one needs to register on the income tax e-filing website and submit the return online.

• Register on the income tax e-filing website

• Download the required TDS return form

• Fill in the details and validate the form

• Upload the form on the website

• Submit the form and generate an acknowledgement receipt