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What is TDS
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Answer Posted / selvakannan.b
TDS is method to collect tax from the assessee in easily.
How the employer paid the tax totally to the govt those
employee income exceed the Rs10000 (as per act).The tax paid
from employee's income. This amount deduct at the time the
assessee pays the tax.
ex: salary tax already paid 5000. his total tax liable
25000(income from others such as). so at he pays only the Rs
20000 only. he deduct the tax 5000.
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