TDS Overview
Understanding Tax Deducted at Source
TDS Overview
What is TDS?
Tax Deducted at Source (TDS) is:
- Tax collected by payer
- Deposited to government
- Credited to payee's tax account
TDS in prorganizer.space
We handle TDS for:
- Salary payments (Section 192)
- Contractor payments (Section 194C)
- Professional fees (Section 194J)
- Rent payments (Section 194I)
Key Responsibilities
- Deduct TDS at correct rates
- Deposit to government monthly
- File quarterly returns
- Issue TDS certificates