TDS Overview TDS (Tax Deducted at Source) and PF (Provident Fund) are two different concepts related to taxation and employee benefits. Let’s understand each of them: Features of TDS (Tax Deducted at Source): TDS is a mechanism used by the government to collect income tax at the source itself. It requires the person making certain payments (the deductor) to deduct a specific percentage of tax from the payment and deposit it with the government on behalf of the recipient (the deductee). TDS is applicable to various types of payments, such as salaries, interest, dividends, professional fees, rent, etc. The deductor […]