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Additional Details
dpacman... your article says nothing about married couples that have only one wage earner. In this case, the tax policy favors married couples over singles.... |
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 Can i use a PHOTOCOPIED car insurance certificate to get tax at the post office? |
Uk
Additional Details
I cant do it online due to the fact i just brought the car and waiting for log book to come and its needed on line .... |
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ansh | What is TDS? |
tell me |
 |
 
Rajesh
 |
Tax Deductes at Source |
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rajagopalan a
|
If a person earns income more than the basic exemption limit, he is liable to pay Income tax and file Income tax Return disclosing his income and the tax paid by him. This is called 'self assessment'. To make tax collection machinery effective, the Income tax Act imposes responsibility on the persons who pay the amount to the income earners, to deduct tax from the amounts they pay, and remit it to the Government on behalf of the income earners. This tax so deducted is called Tax deducted at source. Shortly TDS. Some of the payments subjected to TDS are, Payment of Salary, Rent, Professional fees, payment to contractors, certain payments made to Non residents etc. The person deducting tax has to issue a certificate to the payee that tax has been deducted at source. It is called 'TDS' Certificate.
Tax deducted at source can be adjusted against the tax payable on Total taxable Income. If TDS is more than the tax payable, tax refund can be claimed when filing the Return of Income.
www.Accountancyhelp.com |
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N.J.Reddy
 |
TDS means "Tax Deducted at Source". To collect tax in advance, the Income tax department has made it compulsory to deduct Tax at source it self on certain payments. It is the duty of the payer of such payments to deduct the tax.. What are those payments and what is the % of tax to be deducted is given in the below web site.
http://www.incometaxmumbai.nic.in/taxpayer/tds.htm |
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g.c. s
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TDS stands for 'Tax Deducted at Source'. companies deduct income tax of their employees from their salaries and pay the same to Income tax Department. This is TDS. The employers have to give their employees TDS certificates in form-16 , which the Tax payer has to submit to Income Tax department along with his return. Banks are also deducting Income Tax of their clients from their saving and / or other acoounts . |
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Malar
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Tax Deduction at Source. For example at the end of the year banks deduct tax on interest paid by them above the allowed limit or on salaries paid by them to their employees. |
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chidambaram k
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tax deducted at source. |
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simpleshweta
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it is tax deducted at source.TDS IS REQUIRED FOR THE SAFETY OF REVENUE TO THE GOVT.it is the liability of the payer to deduct tax in case he makes payment to other person(subject to certain rules). |
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Rajababu
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Tds Means tedious ?
you can download free TDS calculator form the following link
http://simpletaxindia.googlepages.com/TDSRATES.zip |
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sus
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TDS means Tax deduction at source. If we are paying more than a specified amount(I think it is 20,000/-rs), then we have to deduct TDS on that amount and the balance amount has to pay him.
That deducted amount to be paid to IT department by us. |
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pp
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TDS means Tax Deduction at source.If you are employed and based on your salary computation you have income above taxable limit your employer will deduct tax at the prescribed rates and deposit the same to the government treasury. |
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kanpope
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TDS is Tax Deducation at Source, it is nothing but Income Tax.
When an employee is drawing a salary of Rs. 1,10,000, his employer is liable to deduct TDS (read Income Tax) on his salary part above Rs. 1,10,000 once the employee claims all his/her savings done through LIC, Insurance schemes, PPF, Children School Fees, EPF, House Loans etc.
At the end of the year, the employer issue TDS Certificate in the form 16A which employee submit with the Income Tax Return to the Income Tax department while filing ITR. |
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sameer c
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Tax Deduction at Source
It is Tax deducted while u are getting Income. Or in other word deducted while making payments on Contractual work, Commission,Advertisement contract,Rent, Professional fees,etc or even on Salaries whose income fallover tax free limit.
Company who is register for TDS should deduct & pay TDS 10th day of next month (check at IT office for exact date)
& U have to issue TDS certificate to your clients at year end. |
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