Tag Archives: #TDSForBeginners

What is TDS, and how does it work?

Tax deduction What is TDS? TDS stands for Tax Deducted at Source. It is a system introduced by the Income Tax Department of India to collect tax at the origin of income. According to this system, a person (referred to as the deductor) responsible for making certain payments (like salary, rent, professional fees, etc.) is… Read More »

Why TDS is deducted?

        User Intent People often wonder why Tax Deducted at Source (TDS) is deducted from their salary, professional fees, or interest income. This article provides a detailed, step-by-step guide to help you understand the concept, its applications, benefits, limitations, and comparisons with other tax collection methods. Introduction TDS, or Tax Deducted at… Read More »