Tds 2024-24. Learn about the reduced rates and new provisions. The concept of tds was introduced with an aim to collect tax from the source of income.
Tds is calculated and levied on the basis of a certain threshold limit, which is the maximum level of income after which tds will be deducted from your future income/payments. Payments should be made to the government by april 30 for march deductions and within seven days for other months.