Tax Deducted at Source or also called TDS is a income tax to be paid on behalf of the person earning income by the payer. This tax is to be deposited by a person availing the service and is liable to make payment. This will ensure proper deposit of tax.
TDS to be deposited on monthly basis within 7 days of closure of month and TDS return to be filed on quarterly basis within 30 days from the close of quarter. Any delay in filing of TDS return will attract penalty for delay in filing.