TDS for Senior Citizens | Complete Guide to TDS Senior Citizens { NEW }

 

 

As per the Income Tax Act, 1961,  Tds for Senior Citizens is applicable when the deductee has provided its Pan Number to the deductor. otherwise, if deductee not provided PAN, the deductor is TDS deducted at a higher rate as 20% of the total payment.

Also, As per the Income Tax Act, 1961, Tds for Senior Citizens will be  deducted list of Payment given Below

 

TDS on Salary or Pension ( 192 )

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
192 (92A)	Salary Payments to Govt. employees other than Union Govt. employees	No	TDS applicable, if taxable income Above 2,50,000  as per income slab	TDS applicable, if taxable income Above 2,50,000  as per income slab
192 (92B)	Salary Payments  to employees other than Govt. employees	No	TDS applicable, if taxable income Above 2,50,000  as per income slab	TDS applicable, if taxable income Above 2,50,000  as per income slab
192 (92C)	Salary Payments made to Union Govt. employees.	No	TDS applicable, if taxable income Above 2,50,000  as per income slab	TDS applicable, if taxable income Above 2,50,000  as per income slab

 

TDS rates for salaries or Pension :

The TDS rates for a salary or pension of all S citizens as per under section 192 as follows:

Taxable Income Slab	TDS rate	Section
Taxable Income up to Rs 3 lakh	Nil	192
Taxable Income up to Rs 3 lakh to 5 lakh	5%	192
Taxable Income up to Rs 5 lakh to 10 lakh	20%	192
Taxable Income  above 10 lakh	30%	192

 

 

Standard deduction u/s 16(ia) for senior citizens :

 

As per the Income Tax Act, Standard deduction u/s 16(ia) for S citizens is applicable for Rs. 50000/- per year of the total payment.

 

 

Income Tax Contact Details 

Details	Contact Number
PAN Application & Update	91-2027218080
TAN application & Update	91-2027218080
Aayakar Sampark Kendra	1800 180 1961
Income Tax Queries	1961
e-Filing Income Tax Queries	18001030025
Income Tax Intimation	18004190025
Income Tax Rectification	91-8046122000
Income Tax Refund	91-8061464700
TDS Reconciliation	1800 103 0344
Form 16, Tax Credit (Form 26AS)	91-120-4814600
Audit Report Queries	TAR.helpdesk@incometax.gov.in
Income Tax Queries	ITR.helpdesk@incometax.gov.in

 

 

 

 

 

 

 

 

 

TDS for Senior Citizen Related Query : 

• Tds For Senior Citizens Fixed Deposit

• Tds For Senior Citizens Fixed Deposit Budget 2019

• Benefits To Senior Citizens

• Tds For Senior Citizens Fixed Deposit Budget 2018 

• Standard Deduction For Senior Citizens

• Income Tax Rebate For Senior Citizens Fy 2018-19

• Senior Citizen Calculator

• Income Tax Calculator For Senior Citizen