Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / shiva govander
Tax deducted at source (TDS), as the very name implies aims at collection of revenue at the very source of income. It is essentially an indirect method of collecting tax which combines the concepts of “pay as you earn” and “collect as it is being earned.” Its significance to the government lies in the fact that it prepones the collection of tax, ensures a regular source of revenue, provides for a greater reach and wider base for tax. At the same time, to the tax payer, it distributes the incidence of tax and provides for a simple and convenient mode of payment.
The concept of TDS requires that the person on whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made to a specified recipient. The deducted sum is required to be deposited to the credit of the Central Government. The recipient from whose income tax has been deducted at source, gets the credit of the amount deducted in his personal assessment on the basis of the certificate issued by the deductor.
Source: Income Tax Department
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
details about managerial effectiveness
What are the tasks of HR executive and manager? Why a student choose HR?
Human Resource Management The present state of recession in the IT industry - as a Human Resource Manager How are you going to undertake Human Resource Planning at Macro Level to tide over this crisis?
What to after doing certified in HR Field and how we get the right job with higher salary and what are the frequent are asked during HR Interviews. Kindly suggest the same and treat as Friend coz newly in HR Field.
I have done MBA in HR but now i have 1 year exp of marketing. how can i justify the same in HR interview.
what is recruitment,objective,function,process,duties,kinds etc
How to prepare the Use behavioral indicators and BARS based rating scales?
what is the variable and verticals of a firm or a consultency
what is the recruitment process in BPOs?
Who is an ideal team worker according to you?
What would you do for us? What could you do that someone else can’t
Dear sir how i calculate the p.f & esic amount + & - like if a employee p.f amount is 122.05 so how much calculate 122 & 123. this is the same problem in esic pls give the answer
why you consider fit for the post applied for?
what contents should be added in introduction part?
How long do you plan on staying with us
