Author: Taxcare4u

TDS and Income Tax: What’s the Difference?

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While almost everyone is aware of income tax, others may be unaware of the phrase TDS, or tax deducted at source. Surprisingly, many individuals confuse these terms and use them interchangeably without realizing it. Though it is easy to become confused, it is critical to understand the differences between the two in order to better manage your income and taxes due. When it comes to filing your income tax taxes, this knowledge will come in handy. Also Read: Income Tax Return Filing What is the definition of income tax? This is a tax charged on an individual’s personal income, the…

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