What is TDS (Tax Deducted at Source)? — Meaning, Definition & Example
Definition
TDS is a mechanism where tax is deducted at the source of income by the payer before crediting the amount to the recipient. It applies to salary, interest, rent, professional fees, and other specified payments. The deducted amount is deposited with the government and can be claimed as credit while filing ITR.
If your FD interest is ₹50,000 and TDS rate is 10%, the bank deducts ₹5,000 and credits ₹45,000 to your account.
🇮🇳 TDS (Tax Deducted at Source) in Hindi / हिंदी में
TDS (टैक्स डिडक्टेड एट सोर्स) — TDS एक प्रणाली है जिसमें आय के स्रोत पर भुगतानकर्ता द्वारा प्राप्तकर्ता को राशि देने से पहले कर काटा जाता है। यह वेतन, ब्याज, किराया, पेशेवर शुल्क पर लागू होता है।
TDS (Tax Deducted at Source) (Hinglish) — TDS ek system hai jisme income ke source pe hi tax kat jaata hai. Salary, interest, rent, professional fees pe lagta hai. Ye amount government ko jaata hai aur ITR file karte waqt credit milta hai.