TDS [Tax Deduction at Source] is part of Income Tax which is deducted by the payer from the source of Income which is being paid.
The Govt. collects Income Tax through various methods i.e. Advance Income Tax, TDS , Self-Assessment Tax and tax on regular assessment.
TDS and TCS is the direct source of revenue collection by the Govt. where the Deductor deducts the tax from the payment of deductee and pays the same to the Govt. through challans etc.
Here, we will be analysing all the provisions of Tax Deduction and Collection at Source under the Indian Income Tax Act, 1961 in a phased manner.