TCS Full Form: Tax Collected at Source, TCS started its first software export project in 1949 when the company changed the Hospital Information System from Burhoz Medium Systems COBOL to Burhoz Small Systems COBOL. This project is fully funded by ICL at TCS Mumbai. 1903 was executed on the computer. In 1960, TCS and one of its associate firms contributed 63% of the total exports of the Indian software industry. While the stake of other companies was only $4 million, in 1949 TCS also opened an office in Santacruz Electronics Export Processing Zone, Mumbai.
- TCS Full Form in English: Tax Collected at Source
- Category: Business » Companies & Corporations
- TCS Full Form in Hindi: स्रोत पर एकत्रित कर
- TCS Full Form in Marathi: केंद्रीय राखीव पोलिस दल
What is the full form of TCS?
The full form of TCS is “Tax Collected at Source”, TCS is the tax paid by a seller, which he collects from the buyer at the time of sale. Section 206C of the Income Tax Act controls the goods on which the seller has to deposit tax from the buyers. Now let’s get to other general information about it.
The full form of TCS is “Tax Collected at Source”, and it means Collection of Tax at Source, or Collection of Tax at Source, Like TCS, here too Source means the source of income. But, here the source is link to the potential future earnings. TCS is collect by the person who is making the payment, receiver or payee, or seller. Actually, TCS is collected by adding some extra (in percentage) to the amount of that payment.
For example, one Form A sells gold bullion to another Form B. In this deal, Form A, which sells gold bullion, will take the price of that gold bullion from the buyer Form B. Along with that, 2 percent TCS will also be charged separately, just like the sales tax before, Form A will also deposit this collected tax with the government later.
What is TCS?
TCS is an Indian multinational company software service and consulting company. TCS is considered to be one of the largest information technology and business process outsourcing service providers of the present times. For your information, would like to tell you that in the year 2008, it was given the title of Asia’s largest information technology company. In today’s time, TCS has more employees than Indian IT companies. And TCS employs 2,57,000 employees in approximately 44 countries. TCS is a multinational company, and it has achieved consolidated revenue of US$ 10.14 billion in the financial year ending March 31, 2012. TCS is a company listed on the National Stock Exchange of India and the Bombay Stock Exchange, TCS is a part of the Tata Group, one of the largest group companies in Asia.
As we know, the Tata group manufactures a wide range of products such as energy, telecommunications, financial services, construction, chemicals, engineering, and more. In the financial year 2009-10, the company’s profit increased by about 33.19% to Rs 7,000.64 crore, during which the company’s income increased by almost 8% to Rs 30,028.92 crore. For your information, would like to tell you that Tata Consultancy Services was established in the year 1949. It was started as a division of Tata Group as “Tata Computer Centre”.
Then its main business was to provide better computer services to other companies of its own group. Soon the capabilities of computerization and computer services were exposed and then Fakir Chand Kohli, an electrical engineer of the Tata Electric Company, was made the general manager of “Tata Computer Center” since he became the general manager, the company got new energy and Then day by day it started writing new success stories, shortly after the company was renamed as Tata Consultancy Services.
TCS Full Form in Automotive
TCS Meaning (Technology)
The Traction Control System (TCS) is a secondary function of the Anti-Lock Braking System (ABS), which is designed to prevent loss of traction to the driven road wheels.
TCS Full Form in Law & Legal
TCS Meaning (Governmental)
Tax Collected at Source (TCS) is the income tax collected by the seller from the buyer at the time of sale of specified category of goods.
TCS Full Form in Robotics & Automation
TCS Meaning (Technology)
Tactical Control System (TCS) software is the software-related hardware and additional ground support hardware required for command and control systems for unmanned aerial vehicles (UAVs).
TCS Full Form in Companies & Corporations
TCS Meaning (Business)
Tranzum Courier Services (TCS) is a logistics company headquartered in Karachi, Pakistan.
TCS Meaning in various Indian Languages
|TCS meaning in Arabic||يتم تحصيل الضرائب من المصدر|
|TCS meaning in Bengali||উত্স কর সংগ্রহ|
|TCS meaning in English||Tax Collected at Source|
|TCS meaning in Gujarati||સ્રોત પર કર એકત્રિત|
|TCS meaning in Hindi||स्रोत पर एकत्रित कर|
|TCS meaning in Kannada||ತೆರಿಗೆಯನ್ನು ಮೂಲದಲ್ಲಿ ಸಂಗ್ರಹಿಸಲಾಗಿದೆ|
|TCS meaning in Malayalam||നികുതി ഉറവിടത്തിൽ നിന്ന് ശേഖരിച്ചു|
|TCS meaning in Marathi||स्रोत संकलित कर|
|TCS meaning in Nepali||स्रोतमा कर संकलन गरियो|
|TCS meaning in Punjabi||ਸਰੋਤ ਤੇ ਟੈਕਸ ਇਕੱਤਰ ਕੀਤਾ|
|TCS meaning in Sindhi||ٽيڪس ماخذ تي گڏ ڪيو ويو|
|TCS meaning in Tamil||வரி மூலத்தில் வசூலிக்கப்படுகிறது|
|TCS meaning in Telugu||పన్ను మూలం వద్ద వసూలు చేయబడింది|
|TCS meaning in Urdu||ماخذ پر ٹیکس جمع کیا گیا|
FAQ’S For TCS Full Form
Ans. TCS or Tax Collected at Source is a tax levied by the government of India. TCS is payable by the seller who collects the tax, in turn, from the buyers at the time of sale of goods. These goods or commodities are listed under Section 206C of the Income Tax Act, 1961.
Ans. The company is good for only Job security and systematic hierarchy. If you are a fresher or in mid of your career then don’t join TCS as it will hamper your growth. … Come here only in your late career because TCS is good for old people.
Ans. The average TCS Fresher Trainee salary in India is ₹ 3 Lakhs for employees with less than 1 year of experience to 6 years. Fresher Trainee salary at TCS ranges between ₹ 1.9 Lakhs to ₹ 3.7 Lakhs.
Ans. TCS and its 67 subsidiaries provide a wide range of information technology-related products and services including application development, business process outsourcing, capacity planning, consulting, enterprise software, hardware sizing, payment processing, software management, and technology education services.