what is the differnce between income tax and tax deducted at
source?

Answers were Sorted based on User's Feedback



what is the differnce between income tax and tax deducted at source?..

Answer / tapan kumar roy

INCOME TAX WHICH WILL PAY AGAINST YOUR INCOME i,e INCOME---TAX.INCOME TAX DEPOSITED AGAINST YOUR PAN NO.
TDS TAX DEDUCTED AT SOURCE WHICH IS ANYONE EARNED FROM YOU AND YOU WILL DEDUCTED A PERCENTAGE FROM HIS INCOME AND THE AMOUNT WILL DEPOSITED AGAINST HIS PAN NO.

Is This Answer Correct ?    7 Yes 0 No

what is the differnce between income tax and tax deducted at source?..

Answer / manikanta r

Income Tax is Which a assesse will pay over at the end of the financial year for over all income earned by him during the previous year

Tax deducted at source is a tax levied on your income, the payer will deduct the Tax before paying to the receiver and the same will be paid to the Govt behalf of the receiver

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Taxation Interview Questions

under form 38,(1 no) what is the maximum no. of invoices can be done??? under rule-54(3)(a) of UPVAT RULES 2008

3 Answers   ABB,


how ur caliclate fbt ?

2 Answers   BPO,


Dear sir, Pls explain the point of tax ( Service Tax)? Can we raise invoice with ST 14.5% on 1.6.2016 for we rendered a service for May 2016? Thanks N.Swaminathan

1 Answers  


What is work contract?

2 Answers  


Dear Sir/Mam Please send me a return under delhi vat for learning purpose Thank & Regards Sonu Kumar

0 Answers  






What are the Interest Rate on Entry tax in UP ??

3 Answers  


Is VAT & CST should be charged on Freight charges or not.

15 Answers   LGC Promochem, Rajat Cement, RCC Laboratories India Private Limited,


what is FBT?

6 Answers  


Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%

9 Answers  


What is minium bill of TDS Deduction Example If Contractor give us 1st Bill - 10000/- 2nd Bill - 15000/- 3rd Bill - 7000/-

14 Answers   ABC,


Assume in a company during the financial year 8 computers has been sold for Rs 68000/- . whether TDS on Income should be deducted from the payment or what?

2 Answers  


what is the need of information to the high level managment and what is the need of information to middle level managment

0 Answers  


Categories