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What is tds and how it is calculated?

Answer Posted / Gaurav Agrawal

TDS stands for Tax Deducted at Source. It is a method of collecting tax on income at the source itself, like salary or interest. The rate of TDS and the allowable deductions can vary depending on the type of income. To calculate TDS, you subtract the allowable deductions from the total income and then apply the applicable tax rate.

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