What is the full form of TDS ?

Answer:

Tds Definition: TDS Full Form: Tax Deducted at Source, Total Dissolved Solids

Tds Description:
TDS has two famous full forms. One is related to one of the direct taxes and another is related to water.
Here are their full forms –
Now let’s get Basic details about these two famous full forms of TDS.
TDS refers to Tax deducted at the source which is a direct tax.
TDS was introduced in the taxation system to collect income tax by the government.
In this way, it provides convenience to the deductee as it is deducted automatically.
So in simple terms, this is a tax which an employer or service buyer pays to the government but collects from the employee.
Like all other taxes, TDS is also a complicated process when it comes to calculating. However, understanding it once it is not overwhelming.
TDS is collected from the supplier (whether goods or services) at the time of payment.
That is why there should be An employee and employer relationship.
TDS can be deducted only if the total income is taxable.
TDS rate which is same as the income tax slab.
This is how an employer calculates TDS on an employee’s salary.
Average Income tax rate = Income tax payable (calculated by slab rates)/ employee’s projected income that financial year.

TDS is a way for the government to collect tax as revenue. The government uses this income to spend on its public.
TDS plays a chief role in the government’s revenue and helps taxpayers to be saved from tax frauds.
Here are some benefits TDS system comes with –
TDS is a tax so this will good for the taxpayers and government both.
Still here are a few cons TDS brings –
Now let’s know the other full form of TDS
TDS in water
TDS is defined as total dissolved solids which refers to any metal, salt, cations or minerals in the water.
in simple words, TDS is the amount of mobile charged ions dissolved in water.
It