TDS Full Form
TDS Full Form:- TDS is usually associated with salary. Because TDS is deducted for people who get decent salary. But do you know that TDS can be deducted even without salary? And do you know that TDS can also be reduced? Moreover, you can also get back the truncated TDS if you wish.
TDS Full Form
What are the rules of TDS? On what basis does it cut and how can we reduce or get back the TDS deduction? We will tell you about क्या है और ऑनलाइन टीडीएस कैसे जमा करें, Meaning of TDS from this page. The full form of TDS is ‘Tax Deducted at Source’. Here the source ‘sources’ means the source of earning. There are 5 sources of earnings under the Income Tax Act, it is as follows-
- Income as salary
- Income from business/profession
- Income from house property
- Income as capital gains
- Income From other sources
TDS Full Form
TDS Full Form in Hindi
“स्रोत पर टैक्स कटौती”
TDS Full Form in English
“Tax Deducted at Source”
TDS Full Form
टीडीएस क्या है
टीडीएस का फुल फॉर्म “स्रोत पर टैक्स कटौती” है। टीडीएस भारत में आयकर एकत्र करने के लिए इस्तेमाल की जाने वाली विधि है। यह भारतीय आयकर अधिनियम 1961 के तहत संचालित होता है और केंद्रीय प्रत्यक्ष कर बोर्ड (CBDT) द्वारा प्रबंधित किया जाता है। इस अधिनियम के तहत, इन प्रावधानों के तहत कवर किए गए किसी भी भुगतान का भुगतान निर्धारित प्रतिशत में कटौती के बाद किया जाएगा। यह राजस्व विभाग का एक हिस्सा है और भारतीय राजस्व सेवा (IRS) द्वारा प्रबंधित है। एक संगठन में, नियोक्ता अपने कर्मचारी से कर एकत्र करता है और इसे सीधे आयकर विभाग को भेजता है।
यह कर एक निर्दिष्ट समय के भीतर भारत सरकार के खजाने में जमा करना होगा। इस कर के लिए कटौती की कोई समान दर नहीं है। यह उस इकाई के आधार पर 1% से 30% या अधिक तक हो सकता है, जिस पर यह लागू है। टीडीएस की प्रक्रिया में दो पहचान शामिल हैं; एक Deductor है और दूसरा Deductee है। Deductor एक व्यक्ति या एक कंपनी / संगठन है जो भुगतान किए जाने से पहले धन (करों) में कटौती के लिए जिम्मेदार है और Deductee वह व्यक्ति है जो कर का भुगतान करने के लिए उत्तरदायी है या जिसमें से कर काटा जाता है।
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TDS Full Form
ऑनलाइन टीडीएस कैसे जमा करें
- आयकर विभाग के आधिकारिक वेबसाइटgov.in पर जाएं.
- यहां लॉन-इन करें जहां TAN नंबर आपका यूजर आईडी और पासवर्ड डालें.
- लॉग-इन करने के बाद ‘Upload TDS’पर जाएं.
- सही विवरण भरें और मान्य पर क्लिक करें.
- इसके बाद, आप अपना टीडीएस कथन और डिजिटल हस्ताक्षर अपलोड करें.
- एक बार जब आप आवश्यक दस्तावेज अपलोड कर देंगे तो आपके स्क्रीन लेनदेन आईडी पर एक संदेश दिखाई देगा जो आपके रजिस्टर्ड ईमेल आईडी पर भी भेजा जाएगा.
TDS Full Form
Meaning of TDS
TDS is a method of direct taxation introduced to collect tax from the income source (source of income) or from the time of income payout (payment of income). Tax deducted at source means tax deducted at source. Under this method, if a person (deductor/deductor) is liable to make payment to another person, he will deduct the tax at source and transfer the balance amount to the deductee.
The TDS amount deducted will be sent to the Central Government. The deductee can check the Tax Deducted at Source (TDS) amount in Form 26AS or TDS certificate(s) issued by the deductor. TDS helps in controlling tax evasion. Not only this, in this method the tax payer is not required to pay a huge amount as annual tax at the end of the financial year.
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TDS Full Form
TDS Rate Chart:
Source of Income | On Payments Exceeding | TDS Rate | IT Section |
Salary | Basic tax- free income | On the basis of Tax slab | 192 |
Bank Interest | 40,000 | 10% | 194 A |
EPF | ₹50,000 | 10 % | 192 A |
Interest from bond | ₹ 5,000 | 10 % | 193 |
Deemded Dividend- Only for individuals | ₹2,500 | 10 % | 194 |
Income from securities other than the interest | ₹10,000 | 10 % | 194 A |
Lottery. crossword or Game reward | ₹ 10,000 | 30 % | 194 B |
Amount from horse race | ₹ 5,000 | 30 % | 194 BB |
Payment to Contractors/ Sub Contractors | ₹ 30,000/ Per Contract or 75,000 per year | 1% – For individual or HUF 2% -For Firm or Company |
194 C |
Insurance commission to the individual | ₹ 20,000 | 5 % | 194 D |
Payment of Life insurance policies | ₹ 1,00,000 | 1 % | 194 DA |
Commission or brokerage except insurance commission | ₹ 5,000 | 5 % | 194 H |
Payment For land or property purchase | ₹ 50,00,000 | 1 % | 194 IA |
Rent of a house or building | ₹ 50,000/ month | 5 % | 194 IB |
TDS Full Form
TDS Payment Due Dates
The monthly due date for TDS payment is as below:
Month | Due date |
April | On or before 7th of May |
May | On or before 7th of June |
June | On or before 7th of July |
July | On or before 7th of August |
August | On or before 7th of September |
September | On or before 7th of October |
October | On or before 7th of November |
November | On or before 7th of December |
December | On or before 7th of January |
January | On or before 7th of February |
February | On or before 7th of March |
March | On or before 30th of April |
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TDS Full Form
TDS Returns
Quarter | Quarter Period | Due date to file TDS return |
1st Quarter | April to June | On 31st of July of the same FY |
2nd Quarter | July to September | On 31st of Oct of the same FY |
3rd Quarter | October to December | On 31st of Jan of the same FY |
4th Quarter | January to March | On 31st of May next financial year |
Note:
There is a late fine or fees of Rs. 200/- per day under section 234E of the Income Tax Act, 1961 until you finally file the return.
TDS Full Form
When TDS is not Deducted?
No TDS will be deducted if you are making payment to the Government of India or the Reserve Bank of India,. No TDS will be deducted in case of payment made to or received from the followings:
- LIC, UTI and other insurance or cooperative societies.
- Central or State Financial Corporations.
- Interest in KVP, Indira Vikas Party, or NSC.
- Refund from income Tax department or Interest paid under Direct Tax.
- Interests received from recurring deposit or savings account in cooperative societies or banks.
- Interest received in NRE account. All institutions notified under no-TDS.
Apart from these, there are other institutions where TDS is applicable. Taxpayers are required to check whether or not TDS is applicable on their income with a particle institution.
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TDS Full Form
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TDS Full Form
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