Tax Deducted at Source
Tax Deducted at Source is deduct by the person making the payment to someone else (i.e. deductor) when the payment exceeds a certain threshold limit.
The purpose of TDS is to collect tax at the source of income, rather than collecting it at the end of the year.
TDS is deduct to ensure that the government receives a steady stream of tax revenue throughout the year and also to ensure that taxpayers comply with their tax obligations. It also helps in reducing tax evasion and promotes a culture of compliance among taxpayers.
For site: https://www.incometax.gov.in
