TDS

img

Tax Deducted at Source

we specialize in comprehensive Tax Deducted at Source (TDS) services, designed to streamline and simplify your tax compliance processes. Our expert team ensures meticulous handling of TDS calculations, deductions, and filings, providing you with peace of mind and reducing the administrative burden on your business. We offer end-to-end support, including the accurate deduction of TDS from various payments, timely deposit of taxes with the government, and precise filing of TDS returns. Additionally, we manage the issuance of TDS certificates, such as Form 16 and Form 16A, to your employees, contractors, and vendors.

Purpose of TDS

Prevent Tax Evasion

TDS helps in reducing tax evasion as the tax is collected at the time of the transaction.

Regular Revenue

It ensures a steady flow of revenue to the government throughout the year.

Ease of Tax Collection

It simplifies the process of tax collection and reduces the burden on taxpayers to pay taxes in lump sum.

    Types of Payments Covered

  • Salaries : Employers deduct TDS from employees’ salaries.

  • Interest Payments :Banks and financial institutions deduct TDS on interest earned by depositors.

  • Rent :Landlords receive rent payments with TDS deducted, depending on the rental amount and the recipient’s status.

  • Dividends : Companies deduct TDS on dividend payments to shareholders.

    Benefits

  • For the Government : It helps in ensuring a steady flow of revenue and reduces tax evasion.

  • For Taxpayers :It spreads out tax payments throughout the year and simplifies the tax filing process.