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Tds

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(Querist)
02 April 2013 why TDS deducted ?
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
02 April 2013 So that Government can get revenue at the earliest......

And no one can Adjust there income.......
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
02 April 2013 Under Income tax act, the Employer is responsible to deduct TDS on salary of the employees etc. otherwise he is liable. The tax is to be evened out during the year and you cannot deduct TDS at the end of the year. In the beginning itself, one has to assess the Income tax of the employee after getting other details such as savings, eligible deductions etc., and accordingly you have to proportion out TDS every month.

It is direct income to Government.
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