Withholding Obligation

Tax Glossary Definition

Withholding Obligation

The statutory duty of a payer to deduct or collect tax (TDS/TCS) before making certain payments such as salary, rent, or contractor fees, and to deposit it with the government within prescribed timelines.

Example: ₹1 lakh contractor payment → TDS @1% = ₹1,000 deducted and deposited.

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