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What is Tax deducted at sources?

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Anonymous

17y ago
Updated: 8/17/2019

Maybe to make sure it is paid? It refers to any tax that was collected at source...like payroll withholding or tax deducted from an interest payment.

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Wiki User

17y ago

What else can I help you with?

Related Questions

Tds is direct tax or indirect tax?

TDS means Tax Deducted at Source.....deducted by employers usually


Is tax amount deducted from gross sales to arrive at net sales?

No. tax is deducted from gross sales neither is it deducted from gross profit.


Complete information about TDS?

TDS, or Tax Deducted at Source, is a tax collection mechanism in India where a certain percentage of tax is deducted from payments made to individuals or entities at the time of transaction. It applies to various income sources, including salaries, interest, rent, and professional fees, and the deducted amount is submitted to the government. The rates and provisions for TDS are governed by the Income Tax Act, and taxpayers can claim credit for the TDS deducted against their total tax liability. Failure to comply with TDS regulations can result in penalties and interest charges.


What is the meaning of net of regarding contributions for tax purposes?

Net = Amount after tax is deducted (Amount minus tax) Gross = Amount before any tax is deducted


What is the meaning of tax deducted at source?

Tax deducted at source (TDS) is a form of tax collection in India used on income assessments. The tax paid is on earnings for the past year.


What is the maximum amount of property tax that can be deducted in California?

The maximum amount of property tax that can be deducted in California is 10,000 per year.


How much taxes are deducted from your pay check?

You can use the following calculator to determine how much tax will be deducted from your paycheck: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.


Can back state tax be deducted?

When paid.


What expenses can be deducted when traveling for work as a tax deduction?

When traveling for work, expenses such as transportation, lodging, meals, and business-related activities can be deducted as tax deductions.


In Georgia what is amount of tax taken out on a salary of 1800.00 a month?

You can use the following calculator to determine how much tax will be deducted from your paycheck:http://www.paycheckcity.com/NetPayCalc/netpaycalculator.aspRemember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.


In Georgia what is tax amount taken out of monthly salary of 1800?

You can use the following calculator to determine how much tax will be deducted from your paycheck:http://www.paycheckcity.com/NetPayCalc/netpaycalculator.aspRemember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.


Can auto registration be deducted from federal income tax?

No

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