TDS or Tax Deducted at Source is a system introduced by the Income Tax Department to gather taxes from different sources of income. TDS on professional fees is deducted by the deductor and deposited to the government. The TDS rates varies depending to the type of income and the article of the Income Tax Act.
TDS Forms and Certificates
Form 16 is a proof issued by the employer to the payee stating the total of TDS deducted and paid to the government. Challan for TDS is a proof used to submit TDS to the government. TDS Traces is a process used to monitor TDS collected and paid to the government.
TDS Software and Filing
TDS software is used to calculate TDS returns and generate TDS Certificate. TDS return filing software is used to file TDS returns online. TDS software price varies depending to the capabilities and support offered. TDS software free is available for small TDS returns.
- TDS on software subscription charges is applicable for software services.
- Webtel TDS is used to file TDS returns and generate TDS Form 16.
- Download TDS utility is used to file TDS returns digitally.
- TDS online payment is mandatory for payers to submit TDS to the government.
TDS Rates and Sections
TDS rates varies according to the type of income and the clause of the Income Tax Act. TDS on professional fees is deducted TDS form 16 at various rates. TDS rate chart pdf is available on the Income Tax Department website.
TDS on contractor rate is applicable for freelancers. TDS certificate is produced by the deductor to the employee.
TDS return filing due date is compulsory for payers to upload TDS returns to the government. TDS payment last date is available on the Income Tax Department website.