TDS, TCS rate for non-salaried payments for period up to March 31, 2021 has been slashed by 25%, a move that will release ₹50,000 crore into the system, says FM As part of the economic stimulus, FM Nirmala Sitharaman announced due date of IT Return filing has been extended from July 31 to November 30.
TDS, TCS rate for non-salaried payments for period up to March 31, 2021 has been slashed by 25%, a move that will release ₹50,000 crore into the system, she said.
Statutory PF contribution by employer has been reduced to 10% from 12% earlier, a move slated to provide ₹6,750 cr liquidity relief.