Latest News About UPdate: Online Tds Payment TDS is the best way to collect taxes from citizens, without any further complications, such as the liability of deduction is not the government but the citizen taxpayer. Tax Department attaches great importance to TDS as a source of income generation and administration of the provisions of TDS stronger. Therefore, various payments and practically the whole world (with the exception of members of the Tax Inspectorate and HUF) make these payments fall under the provisions of TDS and scope, it is a day to day.
Following the implementation of the recommendations of the Sixth Pay Commission, have paid substantial arrears to pensioners of the nationalized banks. Therefore, many retirees who previously subject to an income below the exemption limit, the tax can, in this year and in coming years due to the growing pension per month. As part of the parallel audit of the banks, the question arose of the applicability of TDS on thepayment of pensions to be considered.
The experiment was carried out in this paper to the provisions of TDS on payments of pensions review � its applicability and consequences.
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