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TDS refers to Tax Deducted at Source.
In regard to certain incomes, government makes it mandatory to deduct a certain amount of tax by the person who is making payment to other party.
For example, while making rent payment by the tenant to the landlord, tenant may be required to retain a certain amount of rent payment as tax (TDS) and deposit the same with the government.
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Journal entry for salary paid to Anil and tds deducted?
1) a) Salary Payable A/C Dr. TDS on Salary A/c Dr. To Salary A/c To TDS on Salary A/c b) Salary A/c Dr. TDS on Salary A/c Dr. To Bank
What is tds in bank?
TDS Stands for Tax Deducted at Source. Banks usually deduct TDS when the interest they give to their customers against their deposits crosses a certain amount. The interest is considered an Income and has to be included in your net annual income while you file your income tax returns. If your interest is more than Rs. 10000 in a year, the bank themselves can deduct TDS and remit it to the Income Tax Department.
How many percentage of TDS deducted from Salary?
what is the percentage of tds on salary ?
What is TDS of water?
Generally, a TDS level between 50-150 is considered as the most suitable and acceptable. Ans: If the TDS level is about 1000 PPM, it is unsafe and unfit for human consumption.
What is the meaning of bank voucher?
A bank voucher is a bank receipt that a customers receives when they go to the bank.
What is the meaning of other public sector bank?
other publick sector bank
Is canara bank is private or government bank?
Canara Bank is a public Sector Bank meaning that it is owned largely by GOI.
Meaning of private sector bank?
pvt sector banks are those banks in which majority of stake is hold by private individuals and not by the govt.
Is DCB bank a cooperative bank or private sector bank?
DCB Bank is a private sector Indian bank.
What is the meaning of vat tds service tax excise?
Tds means TAX DEDUCTIONS AT SOURCE
What do you mean by private sector banks?
Private sector banks is a bank that is owned by the private individual. Thats bank called private sector bank.
What is the difference between a scheduled bank and public sector bank?
A scheduled bank is a private sector bank given a schedule status by the RBI while a Public sector bank is a government undertaking bank .Some scheduled bank were nationalised to merge with other public sector bank or operate independently as government undertaking banks.
What is a difference between icici bank and Punjab national bank?
icici is a private sector bank,Punjab national bank is a public sector bank
Which bank is not in private sector?
There are numerous banks in India. A bank that is not owned by a private individual or a company is not a private sector bank. Ex: A bank that is owned by the government is not a private sector bank and is called a public sector bank. Ex: 1. State Bank of India 2. Bank of Baroda 3. Indian Bank 4. Indian Overseas Bank 5. etc.
Which one is largest public sector bank in India?
State Bank of India is the largest public sector bank in India
Is icici bank a private sector or public sector?
ICICI Bank is a private sector bank. ICICI Bank is India's largest private sector bank and is one of the top 5 big banks in the country. It has around 2000 branches across the country and serves millions of customers.
Is Oriental Bank of commerce is a private sector?
No. Oriental Bank of Commerce is a Public Sector Bank. visit http://www.obcindia.co.in for more details about this bank.
