T. D. S. Ready Reckoner

T.D.S. Ready Reckoner is the go-to quick-reference for anyone handling Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). The book presents consolidated rate tables and threshold charts for common payment types—salary, contractor fees, professional fees, rent, dividends, interest and non-resident payments—along with clear formulas to compute gross vs. net taxable amounts and withholding obligations. Practical chapters guide users through TAN registration, challan deposit procedures, e-filing steps, return formats (Forms 24Q/26Q/27Q and related certificates such as Form 16/16A), and timelines for deposit to avoid interest and penalties. Each topic includes worked examples, sample filled challans and certificate templates, interest/penalty calculation worksheets and a troubleshooting section for common errors (wrong TAN, incorrect rate, failed challan). The reckoner’s “Payroll Quick-Start” and “Vendor Deductor Checklist” let HR and finance teams implement compliant workflows immediately. Appendices provide a glossary, conversion tables, and a one-page emergency cheat-sheet for audits and inspections. Whether you are an employer, payroll professional, CA, tax consultant or student, this compact tool reduces calculation time, minimizes mistakes and makes TDS compliance auditable and repeatable.