Benefits from Digitization in Tax Return Filing by E-TDS
Every salaried individual whose annual earnings exceed a certain limit is liable to pay tax. Returning income tax is a financial obligation for all such individuals and mandatory by law. Every salaried individual is required to pay a fixed percentage of total earning values and deposit the same within time. TDS or Tax deposit at Source is a type of tax payment that is automatically deducted by the payer from an employee’s salary and paid to the income tax department. TDS is a monthly deduction strategy and relieves the burden of hefty annual tax payment. As an employer is liable to deposit the same every month for each employee, it becomes a hectic activity. To help ease the hassles, E-TDS services are offered that act as the best help in this regard and handle all the tax return related operations for an employer. The introduction of electronic tax return service has vastly simplified the process and now one can return the liable amounts anywhere without