Answer / rakesh

"Tax deducted at source",is one of the most/way of
collecting income tax from the assesses in india.collection
of tax is effected,when at the source income arrises.

Answer / anil

"Tax Deducted at Source" is the tax amount deducted from
the amount payable/ paid to the income receiver, and he
will deposit the amount with the Govt. and the Income
receiver can claim this TDS at the time of filing of tax
returns.

TDS is calculated on the amount paid or payable to the
income receiver whichever is earlier @ specified rates.

Answer / sushil paswan

"Tax Deducted at Source" is the tax amount deducted from
the amount payable/ paid to the income receiver, and he
will deposit the amount with the Govt. and the Income
receiver can claim this TDS at the time of filing of tax
returns.

TDS is calculated on the amount paid or payable to the
income receiver whichever is earlier @ specified rates.

TDS From No. is 16B. when salary is less than 150000
tds form no. is 12ba if salary is more than 150000
IN other type of income tds form no is 16a.

Answer / bhavani bv

Hi,

Tax deducted at source means tax payable to government for
the service recieved from your vendor, you will deduct on
behalf of your vendor and make payment to government no his
companies name at the end of the year you will give your
vendor FORM 16A which will contain the acknoweldgement
reciept number with the detail of amount paid.

Then to calculate tds it depends up on the service recieved
if it is contractor 2%, Profeesional fee 10%, Rent 10%.
Salary as per slab ,First you have to catageorie under
which the expenses will fall then the tds rate is
applicable.

TDS form No to remit the company tds is ITNS 281 it has to
be remited every month before 7th.

I hope this will make you feel clear

Answer / venkateswarlu

Tax Deducted at Source. when the TDS applicable is At the of payment or credit the bill, which is earlier is eligible for TDS after threshold limit exceeds.This FY 2010-11 is different types of threshold limits are there.
1.before 30.06.2010
2.after 01.07.2010

Answer / purushotham

tds means tax diduected at source. it is one of the way tax
for collecting.it is collected in three times in a year.

Answer / babu

Tax deduction at source. TDS generally calculate on while
making payments to other parties.

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