What is the meaning of TDS? How it is charged?

Showing Answers 1 - 39 of 39 Answers

sandhya

  • Feb 12th, 2007
 

TDS MEANS TAX DEDUCTABULE AT SOURCE. IT IS CHARGED ON BASE AMOUNT

Pramod

  • Feb 14th, 2007
 

Tax Deducted at Source(TDS). And its charged on the Base price. Different for Salaraied Income. And rest Income Tax department has chart to charge the TDS in different kind of Income.

  Was this answer useful?  Yes

Radhakrishnan

  • Feb 26th, 2007
 

Presently this concept of T.D.S. is also used as an instrument in enlarging the tax base. Some of such income subjected to T.D.S. are salary, interest, dividend, interest on securities, winnings from lottery, horse races, commission and brokerage, rent, fees for professional and technical services, payments to non-residents etc.The % w'll be differ from the services

jayeshparab

  • Mar 7th, 2007
 

TDS is tax deducted at source. It is of different type.

1) TDS on salary has to be deducted on salary paid to employee by employer if it crosses the tax limit. And pay to the government on or before due date.

2) In case of TDS on contractors or profession or others, there is slab that min tax, surcharge, plus education cess plus higher education cess, it is different and finance minister may change or keep same or remove in every year budget. Secondly you can deduct the TDS on bill amount while paying or if advance is paid.

Tax deducted at source is tax charged by the customer who gets the services from Vendor or supplier. Here Customer is responsible to charge it and pay to the government.

There are different types of TDS rates are available on the basis of different services under different section.
E.X:- professional services, salaries.

  Was this answer useful?  Yes

aditya

  • Oct 10th, 2011
 

Tds it mean tax deducted source.
it calculated on profit & loss account & interest should be paid on.
interest charge annually. so it is called tds.

  Was this answer useful?  Yes

nagak

  • May 8th, 2012
 

The TDS Amount - How Much percentage will be deduction in net amount.

hasnain ali

  • Jul 12th, 2012
 

tds meaning of tax deduction at source

  Was this answer useful?  Yes

arul

  • Oct 12th, 2012
 

TDS will charged / deducted based on the services.

  Was this answer useful?  Yes

sandip patil

  • Mar 1st, 2013
 

TDS means tax deducted at source is charged to salary.

  Was this answer useful?  Yes

Anil kumar

  • Apr 13th, 2013
 

TDS is tax deductible at sources and it charged on bases salary

  Was this answer useful?  Yes

charulatha

  • Apr 21st, 2013
 

Tax deducted at source. It is deducted from the income.

  Was this answer useful?  Yes

sunitha

  • May 18th, 2013
 

8% will be deducted in the net amount

  Was this answer useful?  Yes

shabeena

  • Jun 21st, 2013
 

tds means tax deduction at source............... as per government rules organization deduct some percentage of amount at source level that means before paying the employee salary

  Was this answer useful?  Yes

sachin goel

  • Aug 7th, 2013
 

TDS is stand for tax deduction at source. It is one of the modest to collecting the Income tax from the assesse in india. It is the indirect method of collecting tax and it is a prepaid payment of tax in previous year in which income receive.

ankymaheshwari

  • Aug 30th, 2013
 

tds is nothing,it is a indirect way to deduct tax  from the income of the assets  in the year in which he earns

  Was this answer useful?  Yes

somnath jana

  • Sep 16th, 2013
 

tax is deducted at source by the person who makes payment.

  Was this answer useful?  Yes

manpreet singh

  • Oct 8th, 2013
 

what is vat

  Was this answer useful?  Yes

sandeep

  • Dec 23rd, 2013
 

TDS means is tax deduction at sources, its levied on other soureces income and on base amount of the income. Example- interest from bank, lottery income etc.

  Was this answer useful?  Yes

ANKIT BEGWANI

  • Jan 13th, 2014
 

TDS means TAX DEDUCTED AT SOURCE. IT IS DEDUCTED FROM SALARY, INTERST, LOTTERY, HORSE RACE,RENT, SECURITIESetc..THERE IS DIFFERENT RATE OF TDS FOR DIFFERENT ABOVE INCOME.

  Was this answer useful?  Yes

vijay

  • Jan 31st, 2014
 

TAX DEDUCTABULE AT SOURCE

  Was this answer useful?  Yes

brajeshyadav

  • Jun 13th, 2014
 

TDS means TAX DEDUCTIBLE AT SOURCE
There are 3 type of TDS such as TC , TJ , TI.
It is charged on Basic Amount %wise depends upon which TDS type .

  Was this answer useful?  Yes

Chatarji Reddy

  • Jun 27th, 2014
 

TDS Stands for Tax at deducted source who get a limited above salary i mean govt put into certain cutoff salary like 250000/ above thay pay tax to the govt. How much amount deducted.

  Was this answer useful?  Yes

reddeppa. yadav

  • Jun 27th, 2014
 

TDS MEANS TAX DEDUCTABULE AT SOURCE. IT IS CHARGED ON BASE AMOUNT

  Was this answer useful?  Yes

reddeppa.yadav

  • Jun 27th, 2014
 

TDS means tax deducted at source is charged to salary. salary tax deducted

  Was this answer useful?  Yes

syed hussain

  • Jun 27th, 2014
 

T.D.S. Mean TAX DEDUCT AT SOURCE ,Its Depending on payments like Contract works and Unsecured Loans and any Machinery we used for work etc:-

  Was this answer useful?  Yes

mohammed raiez

  • Jul 8th, 2014
 

Tax Deducted Source

  Was this answer useful?  Yes

Sweat Kamal Singh

  • Jul 18th, 2014
 

TDS is tax deducted at source. For ex. An individual salary exceeds the tax slab then company deducts the tax as TDS from the employee salary.

  Was this answer useful?  Yes

surendra

  • Jul 27th, 2014
 

TDS is tax deducted at source.

  Was this answer useful?  Yes

Manohar

  • Aug 8th, 2014
 

based on requirement of transaction such as like on rent basis payment charges will be deduct 10% and for immovable properties selling TDS will be 1% on net amount

  Was this answer useful?  Yes

Mohammed.Ayub

  • Sep 20th, 2014
 

my question is how to pay the tds amount.

  Was this answer useful?  Yes

j ravi chandran

  • Oct 12th, 2014
 

TDS is TAX Deducted at Source - it is basically collecting tax from the tax payer in advance - This will apply for paying Interest / Rent / Contracts - Sub contracts / Commission / Incentives / Brokerage / Salary / Technical and Professional.
Each heads has slabs and rates.

  Was this answer useful?  Yes

eswar

  • Oct 15th, 2014
 

tds means tax deducted at source by which the person payable tax based on his incomes of various items like salaries, rent,other services etc.

  Was this answer useful?  Yes

CAFFY

  • Oct 20th, 2014
 

My question is how can we calculate the total income for tds ..?

  Was this answer useful?  Yes

Ashwini.R.

  • Oct 30th, 2014
 

TDS is a tax deducted at source. It is charged on the net amount on the basis of some slab rates and this slab rates are different by year to year.

  Was this answer useful?  Yes

HARDEEK

  • Nov 8th, 2014
 

VALUE ADDED TAX OR GOOD AND SERVICES. TAX

  Was this answer useful?  Yes

AKHILESH KUMAR SINGH

  • Nov 18th, 2014
 

TDS stand for Tax Deduction at source . It charged on source of income ex.interest, comm. lottery etc.

  Was this answer useful?  Yes

Aman Pratap

  • Nov 21st, 2014
 

TDS is tax deducted at source.

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

Answer Question

Click here to Login / Register your free account


 
Send   Reset

 

Related Answered Questions

 

Related Open Questions