The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor. Click here to know more about TDS.
At Exotel, we have clients deducting TDS at both, 2%(Section 194-I of Income Tax Act of 1961) and 10%(Section 194J of Income Tax Act of 1961) rates.
In order to smoothen the online payment process and help you to comply with accounting processes, we have introduced the option of deducting TDS for online payments.
For this, you would need to update your company info (at my.exotel.in/cinfo) with your TAN number. After completing this information you would be able to see an option for TDS deduction (2% or 10%) in the payment page*.
- Please note that this option will be visible only if you have an annual payment of Rs 30,000 or more
For any custom requests regarding TDS, please contact firstname.lastname@example.org for any more details.