Tax Deducted at Source or TDS is a portion of Income Tax which has to be deducted from the total Money to be paid. TDS provisions will arise while making Payments Specified in Income Tax Act, 1961. Companies Deduct TDS on Stipend to comply with Income Tax Provisions u/s 194J. TDS will be Deducted only if the aggregate payment in a Financial Year (FY) exceeds ₹30,000/-. Contact us for more info.