What is tds: Apr 25

Apr 25, 2025 ·Tax Deducted at Source (TDS) is a tax collection system in which tax is deducted at the source of income. Know all aboutTDS& its deduction. As per this concept, a person (deductor) whoisliable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. TDS orTax Deducted at Source, is a way of taking part of your income tax right when you get paid. It happens when you receive certain kinds of payments. TDS applies to various income sources, including salaries, interest earned on bank savings, rental income from property, and even commissions. Sep 11, 2025 ·It is asystem under the Income Tax Act where tax is deducted by the payer and remitted to government, for certain payments like salary, rent, interest, and professional fees. TDS ensures timely tax collection and helps the government track taxable income throughout the financial year.