TDS: Tax Deducted at Source Explained
Tax Deducted at Source (TDS) is a mechanism introduced by the Income Tax Department to collect taxes at the very source of income. It ensures a steady flow of revenue to the government and prevents tax evasion by collecting tax while the payment is made.
Common TDS Categories
- Section 192: TDS on Salaries paid to employees.
- Section 194C: Payments made to contractors and sub-contractors.
- Section 194J: Professional fees, technical services, or royalty.
- Section 194H: Commission or brokerage payments.
- Section 194I: Rent payments for land, building, or furniture.
Compliance Checklist
TAN Number
Monthly Dep.
Quart. Returns
TDS Certs
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Effortless TDS Management
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