TDS (Tax Deducted at Source) is a mandatory deduction from income to meet tax liabilities. In the context of payroll for educational institutions, TDS ensures accurate tax withholding from employees' salaries, promoting tax compliance. Payroll management in education involves systematic processing of salaries, allowances, and deductions for staff, ensuring timely and error-free disbursements. It encompasses salary calculations, statutory compliance, and record-keeping, contributing to efficient financial management within educational institutions. Overall, TDS and payroll are integral components for educational organizations, ensuring financial transparency and adherence to tax regulations.
