hi siva,
TDS - Tax deduction at source.
Income tax can be anything(salary, from business, commercial build, house rent etc).
But TDS is
examples are below.
1. If you are getting the salary from a company more than1.5 lakhs, after making the exemption, calculating the taxable income and cut the tax amount from the salary at source and paid is called TDS on salary.
2. Like wise, when u sending the commercial rent bill, the shop owner or the authority will pay the rent by deducting the TDS of 20.6% as company and 15.4% as non company.
I feel you will get some idea right now.
other than salary, some other rent, income from shares, in from fixed deposit, income from selling of goods taken all togather and sit with auditor for income taxation, pay remaining tax by subracting salary TDS deducted from the company,pay b4 31st of march and file the returns in the may.
tats it