Therapiva Executive Accountant Interview Questions and Answers for Experienced

TDS rates and returns are tax deductions made by employers and individuals. Sam needs to file his returns.

• TDS rates vary based on the type of income and the income slab

• Employers deduct TDS from employee salaries and pay it to the government

• Individuals also need to deduct TDS on certain payments made to others

• Sam needs to file his TDS returns on time to avoid penalties

TDS rates and filing procedure are important for tax compliance.

• TDS rates vary based on the type of payment and the payee's status.

• TDS returns must be filed quarterly using Form 26Q or 27Q.

• Late filing of TDS returns can result in penalties and interest.

• TDS certificates must be issued to the payee as proof of tax deducted.

• TDS can be claimed as a credit against the payee's income tax liability.