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Tds is direct tax or indirect tax?
TDS means Tax Deducted at Source.....deducted by employers usually
Is TDS a direct tax or an indirect tax?
TDS means tax deducted at source. It is employer's duty to deduct tax at source otherwise govt. may take action. It is a direct tax.
Is a 401k contribution made after tax or before tax?
A 401k contribution is typically made before tax, meaning the money is deducted from your paycheck before taxes are taken out.
Is a 401k contribution made before or after tax?
A 401k contribution is typically made before tax, meaning the money is taken out of your paycheck before taxes are deducted.
What does deducted at source mean?
The term Deducted At Source is usually used while talking about Income Tax. Employers and other institutions that provide an income to the citizens of a country have to deduct a portion of the money that is paid out to the people as Tax and remit it to the government. This is commonly referred to as Tax Deducted at Source or TDS. Say for e.g., you work for XYZ private limited and are being paid $10000 per month as salary. As per your country's tax laws 20% of your income needs to be paid as tax, then it is the duty of XYZ private limited to ensure that $2000 is deducted every month from your income and remitted to the government. Similarly, say you have a deposit of $100,000 in a bank for which they pay you an interest of $10,000 every year. If say your tax liability on this interest income is 10% then the bank is supposed to deduct $1000 from the interest being paid to you and credit only the remaining $9000 in your account.
Tds is direct tax or indirect tax?
TDS means Tax Deducted at Source.....deducted by employers usually
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
Is Tax Deducted at source applicable on sea or air freight?
no
What is check name for TDS payments?
Tax deducted at Source
What is Tax deducted at sources?
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.
What is tax deducted source journal entry?
Tax deduction at source in respect of share brokerage house
What is the full form of tds in accounting India?
Tax deducted at source
Is TDS a direct tax or an indirect tax?
TDS means tax deducted at source. It is employer's duty to deduct tax at source otherwise govt. may take action. It is a direct tax.
What is the longform of TDS?
Tax deducted at source. flying colour provides all business-related solutions for business set up in DUBAI. we provide all types of business solutions to the customers and we try to make their business hussle free. our business-related solutions help the customers to grow their business. for more information please visit us: flyingcolour.net
What does PAYE tax mean?
Pay As You EarnA tax deducted at source by your employee before you get paid. A way for the government to get their tax without having to demand it.
When was TDS introduced as a tax?
Well, honey, TDS, or Tax Deducted at Source, was introduced in India back in 2005 as a way to collect tax at the source of income generation. So, if you're wondering when it first made its grand entrance, well, there you have it, 2005. Hope that clears things up for you, darling.
What is the difference between tax deducted at source and income tax?
"Tax deducted at the source" is a method of collecting income tax and a few other taxes.Some taxes such as income tax and FICA taxes are collected from wages, gambling winnings, pensions, and a few other types of payments before the payments are given to the taxpayer. These payments are then credited to the taxpayer's account as payments of income tax, etc.
