{"id":7432,"date":"2022-03-02T23:26:35","date_gmt":"2022-03-02T17:56:35","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=7432"},"modified":"2022-05-24T10:43:16","modified_gmt":"2022-05-24T05:13:16","slug":"what-is-tds-and-how-to-file-it","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/what-is-tds-and-how-to-file-it\/","title":{"rendered":"TDS (Tax Deducted At Source): What Is TDS, Returns, Types and How To File It"},"content":{"rendered":"\n

Tax Deducted at Source or TDS is a process where a specific amount of tax<\/a> is deducted by the person or entity making the payment to another person or entity. The Government introduced TDS to reduce the possibility of tax evasion since the tax to be paid to the Government has already been deducted at the source, that is, at the time of the payment.<\/p>\n\n\n\n

TDS is deducted by an employer or deductor at source and deposited with the Central Government. The person from whose income the tax is deducted is known as the deductee who can claim a credit of the same amount based on a TDS certificate issued by the deducting entity.<\/p>\n\n\n\n

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