TDS Rate Chart For FY 2021-22 AY 2022-23, TCS Rates for FY 2021-22 TDS means “ Tax Subtracted at Source “. Then we give TDS Rate Applicable for FY 2021-22 or AY 2022-23. TDS is one of the modes of collection of levies, by which a certain chance of quantities is subtracted by a person at the time of timber/ crediting certain specific nature of payment to the other person and subtracted quantum is remitted to the Government Account.

TDS is calculated and levied on the base of a threshold limit specified by income duty department, which is the maximum position of income after which TDS will be subtracted from your unborn income/ payments.

TDS is subtracted as per the Indian Income Tax Act, 1961. TDS is controlled by the Central Board for Direct Levies and it’s a part of the Indian Revenue Service Department.
Emendations introduced in 2019 budget.

TDS is to be subtracted on payment made as specified by Income Tax Act by persons who are liable to abate TDS. It’s the duty of the deductor to abate TDS as given in Income Tax Act Following are the revised rate of TDS applicable for Financial Year 2019-2020 Assessment Year 2020-21