SDM Academy Skill Mission

TDS Computation

TDS, or Tax Deducted at Source, refers to the deduction of tax directly from the source of income itself. When we consider TDS on salary, it specifically pertains to the tax deduction
made by an employer from an individual’s salaried income. This deduction is a mechanism by which the government collects income tax arising from an individual’s salary at the source, ensuring efficient tax collection. The process of TDS computation on salary involves understanding various factors such as allowances, deductions, and exemptions applicable to salary income. Additionally, it involves the submission of Form 12B & 12BB, crucial documents for reporting income and tax deductions related to salary. Apart from salary
income, TDS also applies to other sources of income. This comprehensive course also covers TDS computation on sources other than salary, providing participants with a holistic
understanding of tax deduction procedures across different income streams. Furthermore, students will learn tax planning strategies tailored for employees to optimize their tax
liabilities and maximize savings. The course also delves into the TDS payment process, offering insights into fulfilling tax obligations efficiently. The duration of the course is one
week, offering an intensive learning experience focused on equipping participants with the necessary knowledge and skills to navigate TDS computation effectively.

Understanding TDS (Tax Deducted at Source):

TDS involves the deduction of tax directly from the source of income.
Specifically, in the case of salary income, it refers to the tax deduction made by an employer from an individual's salary.

Purpose of TDS on Salary:

TDS on salary helps the government in collecting income tax from an individual's salary at the source itself.

Components of TDS Computation on Salary:

Computation involves understanding various factors such as allowances, deductions, and exemptions applicable to salary income.

Importance of Form 12B & 12BB:

Form 12B & 12BB are crucial documents for reporting income and tax deductions related to salary. 

Tax Planning for Employees:

Students will learn tax planning strategies tailored for employees to optimize tax liabilities and maximize savings.

TDS on Other than Salary:

The course covers TDS computation on sources other than salary, providing a holistic understanding of tax deduction procedures.

Insights into TDS Payment Process:

Participants will gain insights into the TDS payment process, facilitating efficient fulfillment of tax obligations.

Course Duration:

The course duration is one week, offering an intensive learning experience focused on equipping participants with the necessary knowledge and skills to navigate TDS computation effectively.

Scroll to Top