TCS Full Form in Income Tax Department:
TCS Full Form in income tax department is Tax Collection at Source. In India, there are goods that are excluded from the GST, and when these goods are brought and sold then the seller has the right to collect some tax from the buyer (according to Income Tax ACT 206C, the seller has the right to collect tax from the buyer).
TCS – Tax Collection at Sources:
|Good tax applied||Tax percentage|
|Liquor for human consumption||1%|
|Minerals like iron ore and coal||1%|
|Parking lot and Toll Plaza||1%|
|Timber wood under a forest lease||2.5%|
What is the difference between TCS and TDS?
TCS is Tax Collected at Source and TDS is Tax Deducted at the source.
TCS is a tax applied on the goods and services Like liquor, timber, mineral, and more. But TDS applied sources like salary, rent, professional fee, brokerage, commission, etc.
TDS applies to the person or company which deducted the payment when the company transfers the money to the individual like salary when salary is more than a certain limit. This TDS only applies to the payment when exceeds a certain limit.
TCS applies to the buyer when brought goods from the seller, the goods which have TCS tax.
TCS FULL FORM in TATA:
TCS Full form in tata is TATA CONSULTANCY SERVICE. It is one of the largest IT companies in India. It is also known as TATA consultancy service limited. India’s largest multinational information technology company.
It is also one of the largest IT companies in the world. Founded in the year 1968 as a consultancy service provider. The head office of the TCS is in Mumbai and there is a total of 149 offices in 46 countries in the world. It comes under the most valuable company in the world.
Brief information of TCS Full Form:
According to the year, 2015 ranking of Forbes TCS got 64th position in the world. The main objective of the TCS is software development and consultancy to many companies. Generally, TCS’s largest revenue coming from application development and maintenance.
In the year 2004, TCS becomes the public limited company and today TCS generates more than a hundred billion. More than 4.5 lakhs employees are working and 36 percent are women and every year provide thousand of jobs to the youth.
How to get a job in TCS?
Students who are from a computer and IT background, have a good chance to get a job in TCS. The average salary of the employee is 3 lakh per year and after the experience, it will increase.
Clients of TATA CONSULTANCY SERVICE:
- General Electric
- Morgen Stanley
- Land Rover
- CITY BANK
These are the clients of the TCS but clients are big companies in the world.
MORE Full Form:
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|Tactical Computer Terminal||Military|
|Taking Children Seriously||Educational|
|Teaching Company Scheme||General Business|
|Technical Control Station||Military|
|Technology Communication Supplies||Military|
|Tele Centro Sul Participacoe||NYSE Symbols|
|Telephony Control Specification||Telecom|
|Televic Conference System||Hardware|
|Television Corporation of Singapore||TV & Radio|
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|The Cat Site||Internet|
|The Christmas Song||Music|
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|Total Communication Solutions||Companies & Firms|
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|Total Customer Support||General Business|
|Touch Control Steering||Transportation|
|Touring Club De Suisse||Sports|
|Traction Control System||Automotive|
|Transform Compost Systems||Companies & Firms|
|Tranzum Courier Services||Companies & Corporations|
|Trash Can Sinatras||General|
|Treacher Collins Syndrome||Diseases & Conditions|
|Trillion Credit Squadron||General|
|Trinity College School||Universities & Institutions|
|Trusted Configuration Space||Drivers|
|Truth or Consequences Municipal Airport||Airport Codes|
|Tucson Computer Society||General Computing|
FAQs Related to TCS Full Form:
What is Full Form of TCS in English?
What is the full form of TDS in English?
Who is the owner of Tata Consultancy Service (TCS)?
What is the TCS full form in IT company?
Conclusion of TCS Full Form:
We are tried our best to give the information about TCS full form and hope this information is helpful and informative.