TDS Deduction: TDS means deduction at source. Whenever a company pays salary to an employee, TDS is deducted from it before that.
TDS Deduction:
TDS, TAX DEDUCTED AT SOURCE which means Deduction at Source. Any job giving organization deducts some amount as tax, which is called TDS, before paying salary or payment to its employees. However, TDS is not deducted from all employers or all employees. In the TDS system, the salary or payment institutions deduct tax before paying the payment, after which the remaining amount is given to the employee as salary. TDS is one of the many modes of tax payment. Any person works in a company on a fixed amount, when the salary is given to the person, then tax is deducted from that fixed amount. Let us know how much TDS has been deducted from your salary.
What is Form26AS
Form26AS is a type of statement, in which all the information about your tax deduction and tax deposited is kept. All the information about how much TDS has been deducted or deposited can be obtained through the official website of Income Tax Department, E-Filing Website.
Check online like this
1. First of all go to /www.incometaxindiaefiling.gov.in/home and select the option of Register Yourself.
2. Enter all the details based on the details entered in the PAN and generate the password.
3. Login to the account using User ID (Your PAN Number) and Password.
4. After login, the option of View Tax Credit Statement (26 AS) will appear.
5. After clicking on the View Tax Credit Statement (26 AS) option, you will reach another website.
6. Another website is TRACES (TDS Reconciliation Analysis and Correction Enabling System).
7. On this website you will get every small and big information related to TDS.
