TDS on salary means that tax has been deducted by the employer at the time of depositing the salary into the employee’s account.
The amount deducted from the employee’s account is deposited with the government by the employer.
Before an employer deducts tax at source from an employee’s salary, he/she must obtain TAN registration.
The Tax Deduction and Collection Account Number or TAN number is essentially a 10-digit alphanumeric number that is used to track TDS deduction as well as a remittance by the Income Tax Department.
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Posted Date: Thursday 28-11-2024 5:42:25am
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