What is TDS in income tax?

<p dir="ltr">The acronym TDS represents Tax Deducted at Source. It is a system whereby the payer deducts tax at the time that certain payments, like rent, interest, commission, and salary, are made. On behalf of the payment's recipient, the withheld tax is subsequently deposited with the government. TDS assists with tax collection all year long and guarantees a consistent stream of income for the government.</p>

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