What is means by TDS ? How to calculate TDS ? TDS Form No. ?
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Answer Posted / 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.
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