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Answer Posted / geetanjali
TDS is tax deducted at source. It is the sum which is
deducted from total income. It is deducted under various
sections like 192, 194J, 194 I, 194 H etc. It is on
estimated basis. If total income exceeds the basic
exemption limit then sum amount in the form of TDS is
usually deducted from total income. And if at the year end
TDS amount is more than the total income tax calculated
then remaining amount is refunded by way of filing income
tax
| Is This Answer Correct ? | 29 Yes | 5 No |
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