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There are two common terms taxpayers frequently face which are income tax and tax deducted at source (TDS). Basically, an income tax and TDS may sound similar, but they differ greatly. When it comes to calculating each tax, there is a different mechanism. A salary person is therefore advised to avoid confusion regarding these terms before filing tax returns, as well as to understand their implications and relevance. In this article, we have discussed a brief difference between income tax and TDS.
