TDS full form

Meaning : Tax Deducted at Source

Category : Banking
Sub Category :Taxes 
Type : Initialism

What does TDS mean or stand for ?

Tax Deducted at Source is a tool by the banks and financial institutions that handle customers investments to deduct government income tax directly from the funds deposited of that customer.IF the account holder does not want TDS deducted directly by the bank then he/she needs to have it done by their accountant.