Tax Deducted at Source (TDS) requires businesses to deduct a portion of certain payments and deposit it with the government on behalf of the recipient. Getting it right keeps you penalty-free.
Common payments that attract TDS include salaries, rent above the threshold, professional and technical fees, commission, and payments to contractors. Each has its own rate and threshold.
The process has three parts: deducting the correct amount at the time of payment, depositing it with the government by the due date, and filing quarterly TDS returns to report the deductions.
After filing, you must issue TDS certificates—Form 16 for salaried employees and Form 16A for other payments—so recipients can claim credit in their own returns. Missing deadlines leads to interest and late fees.
TDS compliance can be time-consuming for a growing business. FinTax99 manages your entire TDS cycle—deduction guidance, deposits, quarterly returns and certificates—so you can focus on running your business.
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