TDS

TDSTax Deduction at Source or Tax Deducted at Source, is a means of indirect tax collection by Indian authorities according to the Income Tax Act, 1961. As per the Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain limits. TDS has to be deducted at the rates prescribed by the tax department. The concept of TDS was introduced with an aim to collect tax from the very source of income. TDS is applicable on the various incomes received such as salaries, interest received etc. which is deducted when income is generated rather than at a later date.

TDS is deducted when the interest payable or reinvested on Recurring Deposits or Fixed Deposits is above the government specified limit in a financial year. A retail user can view the TDS deducted from his account for the financial year. This option provides a consolidated view of TDS for all user's accounts and deposits. For taxation purposes, the retail user can download the TDS report for all his accounts.

How to reach here:

Dashboard > Toggle Menu > Certificates > TDS

To inquire TDS:

1. From the Required for Financial Year list, select the appropriate year for which TDS deducted on accounts is to be viewed.

2. Click View. The details of TDS deducted on accounts for selected financial year appears.
   OR
   Click Back. The previous screen appears.

3. Click to download the certificate for TDS deduction and interest earned on accounts in .pdf format.
4. Click the Back to Dashboard link to navigate back to the dashboard.

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