TDS Filing
TDS Return Filling
TDS, known Tax Deducted at Source as is a vital part of India’s tax system. It is a mechanism introduced by the Government of India under the Income Tax Act, 1961 to collect tax at the source of income generation ensuring accountability and early collection of taxes, while promoting transparent financial practices for both individuals and businesses.
When a payment such as salary, rent, interest, professional fees, or contract payments is made, the person making the payment (the deductor) is required to deduct a certain percentage of tax before making the payment to the recipient (the deductee). This deducted amount is then deposited with the Income Tax Department.