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How is TDS (Tax Deducted at Source) deducted?

Thursday, July 26, 2018, 12:14 PM

Income and expenditure such as salary, lotteries, interests from banks, payment of commissions, rent payment, payments to freelancers, etc. fall under the ambit of TDS. When making payments under these segments, a percentage of the overall payment is withheld by the source that is making the payments. This source, which can be a person or an organisation, is known as the Deductor.

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