TDS & Tax Planning for Employees Up to Form 16 & Form 16 a.
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Answer Posted / Avneesh Chittodia
TDS (Tax Deducted at Source) is the process whereby an employer deducts tax on behalf of the government from an employee's income and pays it to the government. Tax planning refers to strategies employed to minimize one's tax liability. Form 16 and Form 16A are issued by employers for tax-deducted at source (TDS) purposes.
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