
An amount of TDS or Tax Deduction at source is deducted for various incomes under the Income Tax Act 1961. But, do you know the rates at which such deduction is required to be made? Is it required to be done at one single rate or different rates?? The rates are prescribed in the law depending upon the nature of income like Income from Salary Interest Income Receiving Professional Fee Getting a prize or Lottery etc Find below detailed understanding on the sections, nature of payment, who needs to deductSEE DETAILS