TDS FULL FORM

TDS FULL FORM | WHAT IS TDS

        TDS is the way which process is to collect TAX from the source of income from different salary holders or tax payers.

  The full form of TDS is "Tax Deducted at Source" and it has different categories according to different payments. Its range varies from 1% to 30% and more depending upon different entity.

TDS FULL FORM

Types of TDS Payments :

•  Deductor : Any person or company which pay the salary to any person after deduction of TDS is called deductor.

• Deductee : The person or company which receive the salary or payment from deductor is called deductee.

TDS is applied on following Payments / Fees

• Salaried Persons

• Banks Interest Payments

• Commission Payments

• Professional Payments

• Rent Fees

• Consultation Fees

Different Fields has different meaning of TDS :

                    Fields                                                Full Form of TDS

•        Business                                           Telephone and Data Streams

•        Computer                                         Tabular Data Stream

•        Building                                           Tokyo Disneysea

•        Academic Science                            Total Dissolved Solids

What is TDS Returns ?

It is the amount which the payee give to the government department when he /she makes a transaction either in the form of salary or from other sources .This is also a refundable amount which given to the payee when he / she fills his / her income tax returns to the government.

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Milan Tomic

Hi. I’m Designer of Blog Magic. I’m CEO/Founder of ThemeXpose. I’m Creative Art Director, Web Designer, UI/UX Designer, Interaction Designer, Industrial Designer, Web Developer, Business Enthusiast, StartUp Enthusiast, Speaker, Writer and Photographer. Inspired to make things looks better.

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