Employees take note! Should you be worried about new TDS deposit rules for employers effective from October 1, 2024?

Quick Summary:

New income tax laws grant companies extra time to deposit TDS, extending the deadline from 60 to 80 days after the original due date.

Companies that fail to deposit the TDS by the return filing deadline will receive immediate prosecution notices.

Employees are advised to monitor their Form 26AS for TDS credit validation.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: New TDS Deposit Rules TDS regulations TDS deposit Form 26as Income tax Ais

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 18:03:58 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1345 words

Reading Time: 8 minutes read

Sentences: 57 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22835582

View Article Analysis

About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 27 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

Frequently Asked Questions