Q: Is TDS deducted from salary only ?

Ans:  TDS is deducted from various types of payments. 

TDS would stand for tax deducted at source. TDS is the tax which would be deducted on source of income.  Any company or person making a payment will be required to deduct tax at source if the payment exceeds certain threshold limits.

TDS is deducted on the following types of payments:

Salaries


Interest payments by banks


Commission payments


Rent payments


Consultation fees


Professional fees

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