What is TDS (Tax Deducted at Source)? | Explained Simply
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What is TDS (Tax Deducted at Source)? | Explained Simply
TDS, or Tax Deducted at Source, is a system introduced by the Indian government to collect tax at the very source of income. Under this mechanism, a certain percentage of tax is deducted by the payer before making payments such as salary, interest, rent, professional fees, commission, etc. TDS ensures that tax is collected in advance and ...
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