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TDS Full Form is Tax Deducted at Source

What is the full form of TDS

TDS: Tax Deducted at Source

 

TDS is one of the duty collecting system used in India. It’s governed under the Indian Income Tax Act 1961 and managed by Central Board of Direct Levies (CBDT).

 

It’s a part of department of profit managed by Indian Revenue Service (IRS). In a company, the Company’s employer collects levies from their hand and shoot it directly to the income duty department.

 

This duty has to be deposited in storeroom of Indian Government within a specified time. There isn’t a invariant rate of deduction for this duty. It may be ranged from 1 to 30 or further, depending on the reality on which it’s applicable.

 

Deductor and Deductee are two individualities involved in the process of TDS

 

Deductor : The deductor is a person or a company who’s responsible for abating the plutocrat ( levies) before the payment is made.

 

Deductee : The deductee is the person who’s liable to pay the duty or from whom the duty is subtracted.

TDS Full Form

 

Other Full Forms of TDS

Acronym Expansion Area of operation

TDS Total dissolved solids Academic and wisdom

TDS Irregular data sluice Computing protocol

TDS Tokyo disneysea Structure

TDS Telephone and data aqueducts Business association

 

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