TDS stands for Tax Deducted at Source, which is a mechanism for collecting income tax in India at the source of income.
Under this mechanism, a person who is responsible for making payments is required to deduct a certain percentage of tax from the payment made to the recipient and deposit it with the government on behalf of the recipient.
TDS is applicable on various types of income such as salary, interest, rent, professional fees, etc. and is deducted based on the rates specified by the Income Tax Department.
You may know about what is different between TDS in Income tax and TDS in GST here
