What is the full form of TDS
TDS: Tax Deducted at Source
TDS related questions: TDS Full Form, What is the full form of TDS, What does TDS No. TDS for, What is the meaning of TDS, TDS full Form in English.
TDS is known as the tax collection procedure or mode used in India. It is governed under the Indian income tax 1961 and managed by the central board of direct tax CBTD.
It is a part of the department of the revenue managed by the Indian revenue service (IRS). In a company, the company’s employer collects taxes from their employee and sends it directly to the Income-tax department
The tax is duly deposited in the treasury of the Indian government with a particular time. There is not a uniform/fixed rate of deduction for this tax
The TDS may vary from 1% to 30% or more, depending on the entity on which it is applicable
Deductor and deductee are the two identities which are being involved in the procedure
Deductor:
A deductor is a person or a company who is responsible for deducting the money before the payment is made
Deductee:
The deductee is the person who is liable to pay tax
Other Full Forms of TDS
| Acronym | Expansion | Area of application |
| TDS | Total dissolved solids | Academic and science |
| TDS | Tabular data stream | Computing protocol |
| TDS | Tokyo disneysea | Building |
| TDS | Telephone and data streams | Business organization |
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