what is withholding tax

Answer Posted / s.sridhar

Deduction Under Section 194 of Income Tax Act.
In simple terms, TDS is the tax getting deducted from the
person receiving the amount (Employee/Deductee) by the
person paying such amount (Employer/Deductor).
Take example as for Salaried employees Form 16 and for
Consultants Form 16A.

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