Understanding TDS: How It Works and Why It Matters?

Understanding TDS: How It Works and Why It Matters?

Have you ever noticed that when you receive income through various sources, including salary, rent, interest, or professional services, some part of the income is deducted before you receive it? This portion is known as Tax Deducted at Source (TDS). But have you ever wondered why this TDS is deducted? Let us understand more about TDS.