What is mean by tds..?

This query is : Resolved

Report Abuse Follow Query Ask a Query

vijaykumar gujlor

vijaykumar gujlor (Querist)
Follow

15 July 2015 And how is the calculate..?

Ankur Garg

Ankur Garg (Expert)
Follow

15 July 2015 TDS (Tax deducted at source) combines the concepts of ‘pay as you earn’ and ‘collect as it is being earned'. It requires that the person, upon whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made by him to a specified recipient. The deducted sum is required to be deposited to the credit of the Central Government. The recipient from whose income tax has been deducted at source, gets the credit of the amount deducted in his personal assessment on the basis of the certificate issued by the deductor.

For more info you are advised to go through the link below for all your doubts:

http://www.moneycontrol.com/tax/tds/what-is-tds-or-tax-deducted-at-source_664924.html