CA Samir Maske

📌 WHAT IS TDS?
(Tax Deducted at Source)

Many people get confused about whether TDS is deducted on the gross amount, net amount, or amount including GST. Let’s understand it in a simple way 👇
✅ Why is TDS Deducted?
• Government gets tax in advance
• Prevents tax evasion
• Tracks taxpayers’ income
• Improves compliance
📖 Gross Amount vs Net Amount
✔ Gross Amount = Before deduction of TDS
✔ Net Amount = After deduction of TDS

Example:
Bill Amount = ₹1,00,000
TDS @10% = ₹10,000
Net Payment = ₹90,000

⚡ General Rule
Usually, TDS is deducted on the GROSS TAXABLE AMOUNT.
However, it depends on the section and type of payment.
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📌 TDS WITH GST OR WITHOUT GST?
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✅ If GST is Shown Separately in Invoice:
TDS is generally deducted on the amount EXCLUDING GST.
Example:
Professional Fees = ₹1,00,000
GST @18% = ₹18,000
Total Invoice = ₹1,18,000

If TDS Rate = 10%
TDS will be on ₹1,00,000 only
TDS Amount = ₹10,000

❌ If GST is NOT Shown Separately:
TDS may be deducted on the TOTAL invoice amount INCLUDING GST.
Example:
Total Invoice Amount = ₹1,18,000
TDS @10% = ₹11,800
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📌 TDS ON DIFFERENT PAYMENTS
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💼 Salary
TDS is calculated on estimated yearly taxable salary and deducted monthly.
👨‍💼 Professional Fees
TDS is deducted on fees amount excluding GST (if shown separately).
🏗 Contractor Payment
TDS is generally deducted on contract value excluding GST.
🏠 Rent
TDS is applicable on rent payments after threshold limits.
🤝 Commission/Brokerage
TDS is deducted on commission amount.
🏦 Interest
Banks may deduct TDS on FD interest if threshold limit is crossed.
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📌 HOW RECEIVER GETS BENEFIT?
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The deducted TDS amount reflects in Form 26AS and can be claimed while filing Income Tax Return (ITR).
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📌 IMPORTANT POINTS TO REMEMBER
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✔ Salary TDS = Yearly taxable estimate basis
✔ Other TDS = Payment basis
✔ GST shown separately = Often TDS excluding GST
✔ Gross Amount = Before TDS
✔ Net Amount = After TDS
✔ Always check the correct section and threshold limits

⭐ Understanding TDS properly helps avoid notices, penalties, and extra tax payments.

5 days ago (edited) | [YT] | 5

CA Samir Maske

Grateful for the opportunity to conduct a session at Delhi Public School, MIHAN, Nagpur.

My sincere thanks to ICAI Nagpur for organizing this initiative, and to the respected Principal of Delhi Public School for the warm welcome and support.

A special note of gratitude to CA Swarupa Wajhlwar Ma’am (Chairperson, ICAI Nagpur) and CA Pranav Limja Sir (Committee Member, ICAI Nagpur) for giving me this wonderful platform.

It was truly a rewarding experience interacting with the bright students of Class 10 and discussing their career opportunities. Their curiosity and enthusiasm made the session even more meaningful.

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1 week ago | [YT] | 5

CA Samir Maske

Conducted sessions on “Union Budget Analysis” and “Investment Advisory” in collaboration with The Trading Mitra (SEBI Registered Investment Advisors) at G. S. College, Wardha.

We are grateful for the opportunity provided to us. Sincere thanks to Ms. Arundati Ninawe Ma’am (Principal, G. S. College, Wardha), Mr. Umesh Wagh Sir, and Mr. Kailesh Sir for their support and encouragement.

It was truly a great and enriching experience.

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2 months ago | [YT] | 5

CA Samir Maske

Hi everyone, welcome to my new YouTube Community. Now you can post on my channel too. To get started, tell me in a post what you'd like to see next on my channel.
Visit my Community: youtube.com/@CASamirMaske/community

4 months ago | [YT] | 0

CA Samir Maske

Had a wonderful experience conducting a Career Counselling Session on behalf of ICAI Nagpur for students of 8th, 9th & 10th at Jawaharlal Nehru School, Wadi ✨

Interacting with young minds and guiding them towards the right career path was truly fulfilling.

Grateful to WICASA Nagpur for this opportunity 🙏
Special thanks to:
CA Dinesh Rathi Sir
CA Vinod Agrawal Sir
Mr. Sachin Sir (Principal)

#CareerGuidance #ICAINagpur #WICASANagpur #StudentLife #FutureCareers #Education #CA

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4 months ago | [YT] | 5