TDS stands forTax Deducted at Sourceis tax levied on any income or profit on periodic intervals by the Indian authorities. As per provision of the Income Tax Act 1961,income taxmust be deducted at origin or source before paying the accounting balance to the individual (payee). Moreover, ever...
Introduction to TDS (Tax Deducted at Source) Tax Deducted at Source or commonly referred as TDS is the amount of tax deducted from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest, etc. The TDS amount is deducted at the ...
The tax has to be paid on the extra amount earned above a certain maximum threshold which is tax-exempt. TDS rate varies from 1 percent to 30 percent on different types of payments including salaries, commissions, professional fees, interest earned, rent, etc. Read Also: TDS Online Payment ...
The provisions of deduction of tax at source are applicable to several payments such as salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc. In respect of payments to which the TDS provisions apply, the payer has to deduct tax at source on the payments...
Salaries, rent, contractor/sub-contractor fees, professional fees, commission, interest (other than interest on securities), etc. TDS Thresholds Please ensure you comply with TDS regulations if any of the following apply to your business. As threshold may be revised, ensure to verify with current...
TDS Rate Chart for FY 2024-25 - TDS is applicable on various payments like contractor payments, salary, commission etc. Check out TDS rate chart for FY 2024-25 & AY 2025-26.