- TDS (Tax Deducted at Source): Tax collected by the payer and remitted to the government on behalf of the payee.
- TCS (Tax Collected at Source): Tax collected by the seller from the buyer at the time of sale.
- Advance Tax: Tax paid in advance by taxpayers on their estimated income for the financial year, usually paid in installments.
- PAN (Permanent Account Number): A unique 10-digit alphanumeric identifier for taxpayers in India, issued by the Income Tax Department.
- Self-Assessment Tax: The tax paid by an individual after calculating their total income and deducting TDS and advance tax.
Written by : Knowledge Centre Team
2025-12-12
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10 minutes read
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