Find solution
What Is TDS?

What is The TDS? Tax deduction at source? I want to know more about TDS?

  • I am working with a private company as a offlore employee of the company and my monthly gross salary is 16000. Every month 1600 deducted in my salry as a TDS. So I am totally canfused about TDS deduction some question have in my mind regarding TDS so pls help me to sort out these questions.Questions are mentioned below Q.1 What is TDS? Q.2 Why it is deduct in my salary? Q.3 Is there is any option which save TDS cutting? Q.4 After cutting TDS how can I apply for returen? Q.5 How long time it will take? Q6 And due date of applying TDS returen in every year? Q7 Is it compelsarry to deducting TDS in my salary? Q8 Is there is any trick which can help me to returen all money which was cut off as a TDS earlier. Q9 What is the difference between TDS and Income Tax? Is there is any relation to among of both? Q10 What is TAN no.? What is the use of it and advantegs? Q11 What is the use of TDS certificate? Q12 As right now I am not filling Income tax file paper. If I not filling IT file than my TDS is refundable or not? Q 13 Should i fill Income Tax file? If I shows my saving and expenses of every month to my company. Is this will help me to save deduction of TDS? How many savings (and which type) I can show to full return of my TDS (19200) Pls explain in details !!

  • Answer:

    http://www.tax4india.com/tds-indian-taxes/tds-indian-taxes.html For answers to such questions you should use the GOOGLE search engine. There is so much information available on the net. HMT

Vijay at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

TDS on salary is deducted bases on projected salary and deductions for the year. Employer must figure out your expected income from the year, your deductions for the year, your expected income tax. For for info:

Jss

1.TDS means Tax deducted at source( at the time of payment) 2.The objective of ontroducing the TDD is to adminster the tax collection by govt. in general course of business all the tax paers are interesting to pay the tax and file returns. To avoid thi the person making the payment will erduce the tax amount and the balance payment will be made. any way to utilizing the credit itself he will file the return 3.no options are availble plz pay taxes. meet a consultant for more info. 4. the deductor will give u a certified copy in form 16/16Aat the year end with that u cal claim credit of that amount from ur tax liability 5. it depends........

Arun V

1. Tax Deducted at Source(TDS) 2. Tds as means Tax Deducted at source of income,so if ur income is more then exempted income according to existing tax slab then it will be deducted from ur income 3. Yes ther is lots of options first of all sent the bifercation of ur salary means how much HRA,Basic etc u r getting 4. U don't need to apply,whever u file ur return thn u only need to apply TDS certifecate with ur return 5. how long for what 6. u no need to apply tds return u will only file Income tax return,u wil get tds certifecate from ur employer. 7.same as 3 8. yes ,whn u file ur Income tax return ,if ur tax is below then ur tds deducet thnn u can apply for refund. 9. TDS is Tax dedutecd at source, and deducted by the person who will pay you the salary if ur income is taxable,and income tax return u have to file. 10. TAN is Tax Deduction Identifecation no.that is mandatory for those who is deduting tds.Otherwise he can't deduct TDS 11 It is mandatory ,when u file incoem tax return,because its aproof of ur tax depositing. 12.no it will never it is madatory to file income tax return ,because tds is deducting ,u r liable for pay tax. 13. yes u shd 11.

Jo

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.