Tax Deducted at Source, TDS and TCS

Tax Deducted at Source Filings
Starting at INR 499 onwards

Tax Deducted at Source

Tax Deducted at Source (TDS) is a tax mechanism introduced by Income Tax Department, where a payer responsible for the payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment. As the name suggests, TDS is a Tax that is deducted from its source. Tax Deducted at Source or TDS is a measure initiated by The Government of India in order to collect indirect Taxes, as per the Income Tax Act, 1961. TDS that comes under IRS (Indian Revenue Service) is directly managed by CBDT (The Central Board of Direct taxes).The primary motive behind collecting TDS is to keep the revenue source stable for the Government throughout the year. It also prevents the people from evading taxes. TDS is mandatory for all those who fall under the Tax Audit Bracket. Failing to comply with TDS Compliances may attract heavy penalty, interests and fees.

How long will it take?

Upload Transaction Details

One  Days

Drafting Forms

Two Days

Filing Returns

One Day

Confused about something ?

Drop your details and we will call you back

Frequently asked Questions