Tag Archives: #TaxationAndTaxPolicy

Tax deduction: What is TDS, and how does it work? How is tax levied?

Tax deduction TDS stands for Tax Deducted at Source, is an Indian taxation mechanism that involves the deduction of income tax at the source of payment. Under this system, a person or entity making certain types of payments such as salary, commission, rent, or fees require to deduct a percentage of the payment as tax… Read More »