The tax deductor should deposit the amount by the 7th day of the next month. (Image: Freepik) Tax deducted at source (TDS) is the income tax deducted from the payment made including salaries, ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...

Tax deducted at source (TDS) is the practice of reducing tax evasion and spillage by making it mandatory to deduct TDS from payments at pre-defined rates. Whether your employer pays you salary, or ...

New income tax laws grant companies extra time to deposit TDS, extending the deadline from 60 to 80 days after the original due date. Companies that fail to deposit the TDS by the return filing ...

Good news for individual taxpayers including salaried as the Income Tax Department has released Form 13 which is used for ...

If the seller is a NRI, taxes are withheld at a higher rate, and the buyer is also required to obtain a TAN, deposit the tax ...

Section 194C of the Income Tax Act mandates the mandatory deduction of TDS from payments made to contractors and subcontractors. Whether you are a principal or a contractor, understanding this part in ...