What is mean by tds..?

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vijaykumar gujlor

vijaykumar gujlor (Querist)
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15 July 2015 And how is the calculate..?

Ankur Garg

Ankur Garg (Expert)
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15 July 2015 TDS (Tax deducted at source) combines the concepts of ‘pay as you earn’ and ‘collect as it is being earned'. It requires that the person, upon whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made by him to a specified recipient. The deducted sum is required to be deposited to the credit of the Central Government. The recipient from whose income tax has been deducted at source, gets the credit of the amount deducted in his personal assessment on the basis of the certificate issued by the deductor.

For more info you are advised to go through the link below for all your doubts:

https://www.moneycontrol.com/tax/tds/what-is-tds-or-tax-deducted-at-source_664924.html

CMA Gul S

CMA Gul S (Expert)
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15 July 2015 Tax deducted at source. also refer this for Eg

https://www.citehr.com/305844-how-do-you-calculate-tds-salary-xls.html

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