It stands for 'Tax Deduction at source'. It is a way of tax collection where the percentage of certain amount is deposited in a time with the government as taxes on behalf of the receiver of such payments. The tax can be deducted on the behalf of source of earning, it can range from 1% of sale proceeds to 30%. How to Claim Refund of TDS Deducted Filling the e-TDS return is mandatory for company and government deductions as per section 206 of Income Tax Law. TDS return is required to be filed by the employer who has deducted the TDS. TDS returns are required to be filed after specified intervals and details to be furnished in this form include fields like TAN No., TDS Payment, the amount deducted, types of payment, PAN No. etc. If your total income exceeds the total taxable limit (Describe by Income Tax Department) then your employer (Deductor) can deduct TDS. The e-TDS can be be filled by both employee and employer. For Employee or Deductee If you want to claim a re...
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