Answer / shilpalatha

TDS means Tax dedcuted at sourece

Total income less deduction U/s 16 and Deduction u/s 80c,
cc and 80D equal taxable income

Answer / shubhangi

TDS means tax deducted at source.
The TDS is applicable to the employees who draw more than
1,80,000/- for female and 1,50,000/- for male.
For first 1,00,000/- it is 10.2% and so on....

Answer / kannabiran . v chennai

THE REAL DEFINATION FOR TDS, "ONCE THE LABOUR GET LABOUR
CHARGES PER YEAR BELOW 75000/- IT'S NOT APPLICABLE FOR TDS.
IF THE LABOUR GET ABOVE 75000/- TDS IS APPLICABLE, THAT
PERSON MUST BE HAVE PAN CARD, TDS IS EFFECT TO 1%. IF THE
FIRM OR INDUSTRY TAKING JOB WORK OR LABOUR WORK OR CONTRACT
WORK, MUST HAVING PAN CARD, EFFECT TDS 2%".

THIS IS CALLED TDS.

Answer / vikram

imposing the tax where the revenue has generated
T.D.S tax deducted at source and it is at different
denominations for different sectors. eg., brokerage,
commission, interest, pressing charges etc.,

Answer / karan singh

TDS --- TAX DEDUCTED AT SOURCE


For Instant: The CA (chartered accountant) has given the job
to clear the A/Cs of a Company and while giving the salary
to him some amount is deducted as tax by the company
(salary provider) for which he has worked then that deducted
amount is deposited in the account which the government has
issued.

Answer / puran nagar

TDS is an indirect method of collectiong income tax

if A firm of person gives to interest on loan of other firm
or person than giver firm or person deducted TDS on iterest
as per income tax rate of TDS and deposited to govt.
authorised bank.

Answer / raviraj

THE REAL DEFINATION FOR TDS, "ONCE THE LABOUR GET LABOUR
CHARGES PER YEAR BELOW 75000/- IT'S NOT APPLICABLE FOR TDS.
IF THE LABOUR GET ABOVE 75000/- TDS IS APPLICABLE, THAT
PERSON MUST BE HAVE PAN CARD, TDS IS EFFECT TO 1%. IF THE
FIRM OR INDUSTRY TAKING JOB WORK OR LABOUR WORK OR CONTRACT
WORK, MUST HAVING PAN CARD, EFFECT TDS 2%

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