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Tax Deducted at Source (TDS) - Income Tax India

You will learn about various sections of TDS as per Income Tax Act India.
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Course Duration: 3 Hours
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TDS stands for Tax Deducted at Source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates prescribed by the tax department.

 

The company or person that makes the payment after deducting TDS is called a deductor and the company or person receiving the payment is called the deductee. It is the deductor’s responsibility to deduct TDS before making the payment and deposit the same with the government. TDS is deducted irrespective of the mode of payment--cash, cheque or credit--and is linked to the PAN of the deductor and deducted.

TDS is deducted on the following types of payments: 1) Salaries, 2) Interest payments by banks, 3) Commission payments, 4) Rent payments, 5) Consultation fees, 6) Professional fees

However, individuals are not required to deduct TDS when they make rent payments or pay fees to professionals like lawyers and doctors.

 

TDS is deducted from the payments made by the individuals as per Income Tax Act. Various types & rates of TDS deduction are present. Focus on pay as you earn.

TDS is a direct tax which is collected from the people at the time of payment like salary, rent, commission, etc. The TDS collected is then transferred to Government Account. The full form of TDS is Tax Deducted at Source. The Central Board of Direct Taxes (CBDT) governs the provisions of TDS under the Income Tax Act, 1961. The deductor is referred to the person deducting the tax, and the deductee is the person from whom tax is deducted. TDS payment is made at a specified rate prescribed. No tax is deducted in case the amount doesn't exceed the specified limit.

 

Why TDS?

TDS deduction focuses on the idea of paying tax along with earning. TDS payment must be made irrespective of the mode of payment, i.e., cash, cheque or credit.

What is TDS return?

A deductor has to deposit the deducted TDS to the government and the details of the same have to be filed in the form of a TDS return. A TDS return has to be filed quarterly. Different types of TDS deductions have to be filed using different TDS return forms.

 

Uplatz provides this end-to-end course on TDS with the explanation of various sections of TDS as per Income Tax Act India. Learn this course if you are a CA, Tax Advisor, an Accountant, Auditor, or wish to become one.

Course/Topic - TDS - all lectures

  • In this session we will learn about the introductory topics of TDS like What is TDS, by whom TDS is collected and how it is controlled by the Central Board of Direct Tax (CBDT). Further we will also highlight some of the important section of TDS.

    • 07:08
  • In this session we will learn cover Section 192, 192A,193 of TDS. This video talks about the various sources of income, applicability of TDS, rate of TDS and Time of deduction of TDS. Further we will see withdrawal from Employee Provident Fund and TDS on premature withdrawal of EPF. Lastly we will study about the interest on securities.

    • 21:17
  • In this tutorial we will cover the Section 194, 194A of TDS. This video talks about the TDS on Dividend, its applicability and rate of interest. Further we will learn about TDS on interest other than interest on securities.

    • 16:39
  • In this tutorial you will learn about the Section 194B to Section 194H of TDS. This video talks about the winnings from lotteries, crossword puzzles and other games. Further we will see about the winnings from horse races and tax on payments to contractors and sub-contractors. Lastly we will learn about the TDS on commission or brokerage.

    • 39:04
  • In this session we will cover about the Section 194I to section 194O of TDS. This video talks and explains about the TDS on rent and its applicability. Further we will see the TDS on payment on transfer of certain immovable property other than agricultural land. Lastly we will learn about the TDS on fees for professional or technical services.

    • 48:09
  • In this session we will learn about the payment of TDS and due date of payment of TDS. Further we will see how payment is paid through challan and interest on non-payment or late payment of TDS.

    • 10:33
  • This video covers the topic of TDS returns and return filling due dates. This session talks about the eligibility criteria of TDS return and due dates of TDS return. Further we will see about the TDS return forms and their types. Lastly we will see how to download and fill TDS return forms.

    • 22:26
Course Objectives Back to Top

Learn TDS for CA, CS, CFA exams

Become a Tax/Payroll/Audit Consultant

What Is TDS (Tax Deducted At Source)

Detailed explanation of the Sections of TDS as per Income Tax India

TDS Payment

TDS Return

 

Course Syllabus Back to Top

1- What Is TDS?

2- TDS Deduction Under-

I-Section-192- TDS on Salary

a) Applicability Of TDS Under Section 192

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Example

II- Section- 192A- TDS On Premature Withdrawal From Employee Provident Fund

a) Applicability Of TDS Under Section 192A

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Non Applicability Of TDS Under Section 192A

e) Example

III- Section- 193- TDS On Interest On Security

a) Who Is Liable To Deduct TDS

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Non Applicability Of TDS Under Section 193

e) Example

IV- Section- 194- TDS On Dividend

a) Who Is Liable To Deduct TDS

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Non Applicability Of TDS Under Section 194

e) Example

V- Section- 194A- TDS On Interest Other Than Interest On Security

a) Who Is Liable To Deduct TDS

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Non Applicability Of TDS Under Section 194A

e) Example

VI- Section- 194B- TDS On Winnings From Lotteries, Crossword Puzzles

a) Who Is Liable To Deduct TDS

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Non Applicability Of TDS Under Section 194B

e) Example

VII- Section- 194BB- TDS On Winnings From Horse Race

a) Who Is Liable To Deduct TDS

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Non Applicability Of TDS Under Section 194BB

e) Example

VIII- Section- 194C- TDS On Payment To Contractors And Sub-Contractor

a) Applicability Of TDS Under Section 194C

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194C

e) Non Applicability Of TDS Under Section 194C

f) Example

IX- Section- 194D- TDS On Insurance Commission

a) Applicability Of TDS Under Section 194D

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194D

e) Example

X- Section- 194DA- TDS On Payment In The Respect Of Life Insurance Policy

a) Applicability Of TDS Under Section 194DA

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194DA

e) Example

XI- Section- 194E- TDS On Payment To Non-Resident Sportsman Or Sports Associates

a) Applicability Of TDS Under Section 194E

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194E

e) Example

XII- Section- 194EE- TDS On Payment To Non-Resident Sportsman Or Sports Associates

a) Applicability Of TDS Under Section 194E

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194EE

e) Non Applicability Of TDS Under Section 194EE

f) Example

XIII- Section- 194F- TDS On Repurchase Of Units By Mutual Fund Or Unit Trust Of India

a) Applicability Of TDS Under Section 194E

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194F

e) Example

XIV- Section- 194G- TDS On Commission On Sale Of Lottery Tickets

a) Applicability Of TDS Under Section 194G

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194G

e) Example

XV- Section- 194H- TDS On Commission Or Brokerage

a) Applicability Of TDS Under Section 194H

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194H

e) Non Applicability Of TDS Under Section 194H

f) Example

XVI- Section- 194I- TDS On Rent

a) Applicability Of TDS Under Section 194I

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194I

e) Non Applicability Of TDS Under Section 194I

f) Example

XVII- Section- 194IA- TDS On Payment On Transfer Of Certain Immovable Property Other Than Agricultural Land

a) Applicability Of TDS Under Section 194IA

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194IA

e) Non Applicability Of TDS Under Section 194IA

f) No Requirement Of TAN

g) Example

XVIII- Section- 194IB- TDS On Rent By Certain Individual Or HUF

a) Applicability Of TDS Under Section 194IB

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194IB

e) Non Applicability Of TDS Under Section 194IB

f) No Requirement Of TAN

g) Example

XIX- Section- 194IC- TDS On Payment Under Specified Agreement

a) Applicability Of TDS Under Section 194IC

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194IC

e) Non Applicability Of TDS Under Section 194IC

h) Example

XX- Section- 194J- TDS On Fees For Professional Or Technical Services

a) Applicability Of TDS Under Section 194J

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194J

e) Non Applicability Of TDS Under Section 194J

i) Example

XXI- Section- 194K- TDS On Income In The Respect Of Units

a) Applicability Of TDS Under Section 194K

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194K

e) Non Applicability Of TDS Under Section 194K

j) Example

XXII- Section- 194LA- TDS On Payment Of Compensation On Acquisition Of Certain Immovable Property

a) Applicability Of TDS Under Section 194LA

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 19LA

e) Non Applicability Of TDS Under Section 194LA

f) Example

XXIII- Section- 194LB- TDS On Income By Way Of Interest From Infrastructure Debt Fund

a) Applicability Of TDS Under Section 194LB

b) Rate Of TDS

c) Time Of Deduction Of TDS

XXIV- Section- 194LC- TDS On Income By Way Of Interest From An Indian Company Or Business Trust

a) Applicability Of TDS Under Section 194LC

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194LC

e) Non Applicability Of TDS Under Section 194LC

f) Example

XXV- Section- 194LD- TDS On Interest On Government Securities Or Rupee Denominated Bonds Of Indian Company Payable To A Foreign Institutional Investor Or Qualified Foreign Investor

a) Applicability Of TDS Under Section 194LD

b) Rate Of TDS

c) Time Of Deduction Of TDS

XXVI- Section- 194M- TDS On Payment Made By An Individual Or A HUF For Contract Work Or By Way Of Commission Or Brokerage Of Fee For Professional Services

a) Applicability Of TDS Under Section 194M

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194M

e) Non Applicability Of TDS Under Section 194M

f) No Requirement Of TAN

g) Example

XXVII- Section- 194N- TDS On Cash Withdrawal

a) Applicability Of TDS Under Section 194N

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Threshold Limit For Deduction Of TDS Under Section 194N

e) Non Applicability Of TDS Under Section 194N

f) Example

XXVIII- Section- 194O- TDS On Certain Payment Made By E-Commerce Participant

a) Applicability Of TDS Under Section 194O

b) Rate Of TDS

c) Time Of Deduction Of TDS

d) Non Applicability Of TDS Under Section 194O

e) Example

XXIX- Section- 195- TDS On Other Sums

f) Applicability Of TDS Under Section 195

g) Rate Of TDS

h) Time Of Deduction Of TDS

i) Example

The above topic is the sub-topic of TDS. TDS is too wide and it covers many other sub-topics examples- TDS Returns, Cases on which TDS not applicable, Interest, Penalties, Legal Cases, Credit of TDS, Consequences of failure to deduct or pay TDS, etc.

Certification Back to Top

The Tax Deducted at Source  Certification ensures you know planning, production and measurement techniques needed to stand out from the competition. 

The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government.

TDS refers to tax deducted at source of income itself. In the case of TDS on salary, it relates to the tax deduction made by an employer on your salaried income. TDS on salary helps the government in collecting income tax accruing from an individual's salary at the source.

Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Taxpayers

Uplatz online training guarantees the participants to successfully go through the  Tax Deducted at SourceCertification provided by Uplatz. Uplatz provides appropriate teaching and expertise training to equip the participants for implementing the learnt concepts in an organization.

Course Completion Certificate will be awarded by Uplatz upon successful completion of the Tax Deducted at Source Online course.

Career & Jobs Back to Top

The Tax Deducted at Source Draws an average salary of $120,000 per year depending on their knowledge and hands-on experience.

TDS or Tax Deducted at Source is a specific amount that is reduced when a certain payment like salary, commission, rent, interest, professional fees, etc. is made. The person who makes the payment deducts tax at the source, while the person who receives a payment/income has the liability to pay tax.

You need to file a TDS refund claim when the employer has deducted more tax than the actual liability. You can claim the difference amount by filing an income tax return. You will have to provide the bank account number, name of the bank, and Indian Financial System Code (IFSC) details for successful processing.

Note that salaries are generally higher at large companies rather than small ones. Your salary will also differ based on the market you work in.

Advocate.

Team lead.

Admin.

Interview Questions Back to Top

Q1 - What are the advantages of TDS?

Ans - The advantages of TDS are:

1) As tax deduction takes place throughout the year, it ensures a continuing flow of revenue to the Government.

2) It is a measure to prevent tax evasion.

3) It helps in increasing the tax reach as it is deducted at the time of payment itself preventing the commitment of fraud.

TDS is one kind of advance tax. It is tax that is to be deposited with the government periodically and the onus of the doing the same on time lies with the deductor. For the deductee, the deducted TDS can be claimed in the form of a tax refund after they file their ITR.

Course Quiz Back to Top
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