Tax Professional Blogs

A section called TDS appears on every payslip of a salaried individual. Tax Deducted at Source is also known as TDS. The Central Board of Direct Taxes (CBDT) in India handles tax deduction policies and regulations. A TDS is a tax deducted at the point of income generation, as defined by the Income Tax Act. Tax is deducted by the employer/deductor and paid to the government on behalf of the deductee/taxpayer. This blog explains the TDS working process and its benefits.

Indian Government charges penalties for TDS late filing for those who make the payment late as well as for the late filing of TDS returns. Let's in this post, find out the complete process of TDS late filing charges and interest penalties.