During the time of paying a salary to an employee, the employer deducts TDS from the pay. The employer pays this amount to the government as specified in the Income Tax Act. What is the TDS on salary? Working professionals are required to pay income tax under the Income Tax Act, 1961, using TDS. It applies to commissions, salary, brokerage, royalties, investment returns, contract payments, and other gains. CBDT is responsible for collecting and managing the TDS, which is a part of the Department of Revenue. The TDS amount received by the government is collected to prevent tax evasion. An […]