TDS stands for 'Tax Deducted at Source'. It was introduced to collect tax at the source from where an individual's income is generated. The government uses TDS as a tool to collect tax in order to minimize tax evasion by taxing the income (partially or wholly) at the time it is generated rather than at a later date. TDS is applicable on the various incomes such as salaries, interest received, commission received etc.
Undergraduates, Graduates, M.com, MBAs and working professionals aspiring for a career in taxation. It requires a logical mind and a broad knowledge about accounting & taxation process.