Tax Deducted at Source (TDS)
Under the Act, income tax and specified paying entities are authorized to deduct all corporate and non-corporate taxes, authorize third parties from these payments to pay tax at source (deducted from source) and any Need to be submitted for specified bank branches. Collection of taxes from the Government of India. They are required to present the TDS return along with the third party details and the challan details on the tax deposit to the IT department.
The income tax department of our country determines the rate at which TDS will be deducted. The entity / person deducting the said amount is called the deductor, and the person whose tax is deducted is called the deductor. It is the responsibility of the deductor to deduct TDS and present it to the government before payment. With CorpBed, filing of TDS/TCS Returns becomes easy as you have auto-PAN bulk verification to avoid the possibility of errors in your TDS returns.
Employee State Insurance (ESI), which is managed by the Employee State Corporation. It is a type of autonomous body, created by law under the Ministry of Labor and Employment. The ESI scheme started for Indian workers. Indian workers benefit greatly; For example, medical, monetary and other benefits provided by employers. Any company with more than 10 employees (some states have more than 20 employees) with a maximum of Rs. 15000, have to register themselves with ESIC for more information visit