Why do we deduct TDS?

Simply TDS stands for “Tax Deducted At Source”. It was introduce to collect tax at source from where an individual’s income is generated. TDS is used as a tool to minimize tax evasion by taxing income at a time of its generation.

• There are different rates on TDS on various payments.
• Generally TDS will be deducted when payment is made by way of commission/ brokerage/ Rent/ salary/ interest/ dividend etc.
• Fails to deduct tax and/or Filling TDS return leads to penalty as well as interest.

We helps an organization to comply with all TDS related matters by making regular contact with authorized person who is liable to deduct as well as deposit tax with government.