Tax deduction at source

Any payment covered under these provisions shall be paid after deducting a prescribed percentage of income tax.

Assessee is also required to file quarterly returns to Central Board of Direct Taxes (CBDT).

Returns state the TDS is deducted and paid to the government during the Quarter to which it relates.

Section 194C of Income Tax Act, 1961 A Payer is required to issue a TDS certificate called form 16 for salaried employees and form 16A for non-salaried employees within a specified time.

Part B includes salary, income, deductions, and tax payable details, etc.

Form 26AS is a statement that provides details of any amount deducted as TDS or TCS from various sources of income of a taxpayer.