TDS is a tax collection mechanism where the payer (such as an employer, bank, etc.) deducts tax directly from an individual’s income at the time of payment. The deducted amount is then remitted to the government. It serves two key purposes:
Ensures timely tax collection: The government collects taxes before the income reaches the individual.
Reduces the possibility of tax evas... https://www.registerkaro.in/post/tds-statement-status-online