What is tax deducted at source or TDS?
Thursday, June 29, 2017, 5:17 PM
TDS is a type of tax that is deducted from an individual’s income on a periodical or occasional basis. TDS can be applicable for income that are regular as well as irregular in nature. TDS-rule directs the payee or employer to deduct a certain amount of tax before making full-payment to the receiver. TDS is applicable for salary, commission, professional fees, interest, rent, etc.