In India, Tax Deducted at Source (TDS) is a tax collection method where the payer deducts a portion of the payment made to the recipient as tax.

Whether you pay taxes or not, the terms TCS and TDS might have confronted you. right? Even if you do not about the both terms TCS and TDS. no worries. This article will explain the difference between TCS and TDS.

Form 16 is a TDS certificate given by employers to employees, indicating the tax deducted from salary income during a financial year. It helps employees with their income tax return filing.