Answer / jayadevvarma

TDS is Tax Deduction at Source

Assessee pays tax in the assessment year on the income
earned in previous year . Due to this rule the tax
collection is delayed till the completion of the previous
year . Even some times people conceal their income and the
tax is mot paid at all . In order to overcome these
problems, government started deducting some amount of tax
from the amount . Whichis receivable by the assessee .The
amount of tax so deduvted is called as "Tax Deducted at
Source".
It is one of the methoding of Collecting Tax.

Answer / rabindra mallick

TDS means "Tax deducted at Source"
It is part of income tax deducted by deductor on behalf of an assessee at a periodical basis & deposit the same on Govt account at timely basis.

It reduces the ultimate tax burden of an assessee.

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