[TDS] Why is my payment less than the mentioned amount?
As per the new initiatives by the government, the TDS deduction has been reduced to 7.5% which was 10% earlier. This means, if you earned INR 10,000 for content at WittyPen, your payout which would earlier be INR 9,000, it will now be INR 9,250.
The difference of 10% of the amount paid to you in your bank account and the payment mentioned on the platform, is the TDS (Tax Deducted at Source), which you can claim while filing for Income Tax Return.
This is deducted under section 194J and is mandatory compliance by the Indian Government.
So no worries! 😇