Income Tax and TDS

Income Tax and TDS

An income tax is a tax imposed on individuals or entities (taxpayers) that varies with respective income or profits (taxable income). Income tax generally is computed as the product of a tax rate times taxable income. Taxation rates may vary by type or characteristics of the taxpayer.

Tax deduction at source (TDS) is a means of collecting tax on income, dividends or asset sales, by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee.

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• Apply for New PAN or Corrections/Changes through UTITSL

• IT Returns Filing

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