What is TDS? TDS (Tax Deducted at Source) is a fundamental part of the direct taxation process that applies to several sources of income some of which include salary, fixed deposits, LIC maturity amount, contractor payments, and several others. A key benefit of the TDS is that it is deducted at the source thereby proving…Read More How Much TDS is Deducted on Fixed Deposit Investment?
TDS, commonly referred to as ‘Tax Deducted at Source’ was introduced to collect taxes from the source of generation of income of an individual. The government utilizes TDS as a tool to prevent tax evasion by taxing the income wholly or partially at the time of generation instead of at a later date. TDS is…Read More Everything you need to know about TDS