What is TDS?

Tax deducted at source, as per the Income Tax Act, is a percentage deducted as a tax from the payments such as salaries, professional fees, commissions, interest on investments, rent, etc. that exceeds certain threshold limits. A person or company that is making the payment is accountable for deducting the tax and deposit it with the government is called a Deductor whereas the person or company receiving the net payment is called Deductee. Irrespective of the mode of payment – cash, cheque or credit – TDS is to be deducted and is linked to the PAN of both parties.

TDS is a kind of advance tax that needs to be deposited with the government periodically and the onus of doing the same lies on the deductor. For the deductee, the deducted TDS can be claimed in the form of a tax refund after they file their income tax return. Generally, the TDS rate varies from 1% to 30%.

We provide the services related to TDS Service to our clients. We provide the services related to Filling of TDS Returns, Payment of TDS, Provide support to get Certificate of Lower Tax Deduction.