Accounting and Administration Assistant Interview Questions and Answers

TDS stands for Tax Deducted at Source.

• TDS is a system in which tax is deducted at the time of making payments such as salary, rent, commission, etc.

• It is a method to collect tax at the source of income.

• The person making the payment deducts a certain percentage of the payment as tax and deposits it with the government.

• TDS is applicable to various types of payments like salaries, interest, rent, professional fees, etc.

• The deducted tax is then credited to the account of the reci...read more