TDS (Tax Deducted at Source)
Definition
Tax withheld by a payer at the time of payment and deposited with tax authorities on behalf of the payee.
In Context
TDS is applicable on salary (employer deducts), interest, dividends (10% above ₹5,000), professional payments (10%), rent, and commissions. Claim TDS credit in your ITR to avoid double taxation.
Related Terms
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