What is meant by the TCS/TDS declaration?

Created by Product Content Team, Modified on Mon, 30 Dec, 2024 at 6:26 PM by Product Content Team


The TCS/TDS Declaration allows employees to declare details of Tax Collected at Source (TCS) and Tax Deducted at Source (TDS). These declarations are made under the Income Tax Declarations (IT Declarations) and Proof of Investment (POI) sections. It ensures that any taxes already collected or deducted at the source are accounted for when calculating the employee's overall tax liability for the financial year.

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