Tax Glossary Definition
The minimum payment amount specified under the Income Tax Act below which no Tax Deducted at Source (TDS) is required to be deducted. Understanding these threshold limits is important for businesses and individuals, and professional TDS return filing services can help ensure accurate TDS compliance and timely return filing.
Example: If bank interest is less than ₹40,000 in a financial year, no TDS is deducted.
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