Basic difference between TDS & TCS !! #tds #tcs #financetips #incometaxindia
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Basic difference between TDS & TCS !! #tds #tcs #financetips #incometaxindia
TDS (Tax Deducted at Source) -Meaning: TDS means tax is deducted by the person making a payment (like salary, rent, professional fees, etc.) at the time of making such payment. -Who collects: The payer (deductor) deducts tax before paying the amount. When applied: When income is earned. -Example: An employer deducts TDS from an employee’s ...
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