TDS
Tax deducted at source
Tax taken out of a payment before you receive it, such as salary, FD interest or rent, and credited against your PAN.
Your employer deducts TDS from salary based on your declared regime and investments; banks deduct it on interest above the yearly threshold. It's an advance payment, not the final tax: claim it in your return, and pay or get a refund for the difference.
Check your TDS in Form 26AS and AIS.
Related terms
Rules as of tax year 2026-27. Written by the Welthr team; last reviewed on . Not financial advice.