Boost Your GK: What Is TDS, Check Meaning And Filling
By Anshika Verma04, Jan 2025 10:17 AMjagranjosh.com
Tax Deducted at Source
TDS is known as Tax Deducted at Source is a process of collecting taxes as an income from the public by the government. Tap to read about its meaning and how you can fill it!
Percentage of tax
In India, the percentage of TDS depends on your salary and it will range from 10% to 30% according to your income.
Categories covered
Tax Deducted at Source is applied to several categories such as salaries, interest on fixed deposits, rent, commissions, etc.
Who is deductor and deducted?
The one who pays the tax is known as the deductor and the organisation who receives the tax is deducted.
Modes of deduction
TDS is deducted in the mode of payment–cash, cheque or credit that is linked to the PAN of the deductor and deducted.
How to fill in for tds?
Visit the website http://incometaxindiaefiling.gov.in/, log in, select the form to fill, and proceed to fill TDS return.