Let Moneyम्जी tell you what is TDS.
When you offer a ‘prasaad’ in the place of pilgrimage, have you observed, they slice out a piece of it before you can take it with you? Later they also give it back yo you.
Same principle! The one making you payment also slices out a part of your payment and credits it into the government’s account. That amount gets credited in your Permanent Account Number, and you can adjust it with your tax payable or claim refund later. Simple!
It is mandatory for those liable to deduct TDS to credit TDS and file quarterly TDS return before due date, violating which, invites interests and penalties. Tax shall be paid at the rates prescribed by the government. Click here to know TDS rates.
Moneyम्जी helps you in getting TAN registration and filing TDS return at a very reasonable cost.
Just TAN Registration: Rs
899 499/- : Click here to initate process
Just TDS Filing Rs
1500 999/-* per quarter : Click here to initate process
Annual TDS Filing Rs
5999 3,999/-* : Click here to initate process
* Deductees below 15