TDS
DIFFRENCE B/W TDS & TCS :-
*Form 26 AS :- Whatever amount has been deducted by Payer from our payment is deposited with
government by giving our PAN and now those amounts will be displayed in this 26AS. Amount paid as
advance tax and self assessment tax will also be displayed here.
* HOW TO APPLY FOR TAN (Tax deduction and collection account No):-
WWW. FILL
PERSONAL SUBMIT &
SERVICES TYPE OF DETAILLS OF
TIN- DETAILLS & GENERATE
- APPLY DEDUCTOR A.O. ( CLICK
NSDL. - SELECT HERE -
DETAILLS ACKNOWLEDGE
COM FOR TAN OF PMT. -MENT
PLACE )
*TDS – CERTIFICATE
A) Issued by payer/ deductor
B) On the basis of this certificate , payee can take “CERDIT OF TAX PAID”
C) Format of certificate :-
If salary pmt. Form 16 ( YEARLY)
Other pmt. Form 16 A (QUARTERLY)
D) How to generate “TDS CERTIFICATE”:-
**TDS RETURN
1) Filled by payer/ deductor to Govt.
2) Return means :- periodic data filling about
a. Tds deduct
b. Tds deposit
3) Format :-
a) For salary form - 24Q
b) Others form – 26Q.
c) For all other pmt. To non- resident :- form 27Q
4) Time period :-
QTR. DATE
APRIL- JUNE 31ST JULY
JULY - SEP 31ST OCT
OCT - DEC 31ST JAN
JAN - MAR 15ST MAY
5) Certificate of 15 G/15 H :- if a person have total income less than slab rate in case he
should give declartion in this form to deductor & deductor is not liable for deduct
tds.
6) Result of non-compliance:-
Pay the amo. With int. to govt. Disallow exp. U/s 40 (a)
by own income under BP head.
If not deducted deducted but not deposited
1% p.m. or part of mnth 1.5.% p.m.or part of mnth
** IF LIABILITY OF DEDUCTION OF TDS OCCUR:-
1 Deduct amo. Of tds at the time of pmt.
2 Time line for pmt. of TDS :- On or before 7thof the next month in which TDS was
deducted (Except of Provision made on 31stMarch, for which due date for payment will
be 30thApril)
3 How to create challan for tds :-
A) Manual ( download form 281 from income tax site, fill, pay trough bank .
B) online challan :-
SELECT FORM SELECT PAYMENT GENERATE
WWW.TIN- PAY TAXES
280 & FILL MODE ONLINE ACKNOWLEDGE
NSDL.COM ONLINE
DETAIIS OR MANUAL MENT
4 DATE OF CHALLAN :-
1) Accroding to due date ( 7th of next mnth.) :- date should be date of creating
challan
2) After due date :- take 3 (online challan) / 5(manual challan) days extra ( add in the
current day date ) because after due date challan take 3/ 5 days for update online
5 Different Types of TDS return and their applicability :-
Form No. Type of Tds
24Q TDS on Salary
26Q TDS on other than Salary and other than NR
27Q TDS on other than Salary for NR
27EQ TCS
26QB TDS on Transfer of Immovable Property
(return cum Challan)
Different Types of Challans:-
281 TDS other than Transfer of Immovable Property
26QB TDS on Transferof Immovable Property
6 Following Payment details of TDS deposited in bank by deductor should matched with
the payment details mentioned in the TDS statement filed by the deductors :-
• Financial Year (However one Challan can be use for two consecutive Year
• BSR Code
• Challan Identification Number
• Challan Date
• Amount
• Minor section Code (200/ 400)
HOW TO PREPARE & FILE TDS RETURN
STEPS:-
1. Download tds preparation utility (RPU)
2. Prepare tds return & validate
3. File E-TDS online or send it to the NSDl FRANCHISEE
Process:-
E-TDS/ RPU FOR
TIN-NSDL:--
E-TDS/TCS QUARTELY
CHROME GOOGLE WWW.TIN- SERVICES E-TCS RETURN
NSDL.COM FILLING
RPU (DOWNLOAD)
Click File the
OPEN THE Select Type of STATEMENT than click personal &
on PREPARED required
DOWN- FORM
(REGULAR OR to detaills in
challan
LOAD FILE RPU. TYPE &
exe CORRECTION) continue form detaills
If error Open error
Open CSI file
file (using Remove Generate
Save (downloaded file
Validate crome or error & Ackoledg
file from tin-nsdl genera internet validate file e ment
site) ted explore)
How to download CSI file :-
DOWNLOAD - FILL TAN
TIN-NSDL:-- THEN A
OLTAS - NO. &
WWW.TIN- SUBMIT CHALLAN SAVE FILE
CHALLAN STATUS SELECT
NSDL.COM FILE OPEN
INQUIRY PERIOD
A regular TDS/TCS statement will be accepted at the TIN central system only once
whereas a correction TDS/TCS statement can be furnished multiple times to incorporate
changes in the regular TDS/TCS statement.
HOW TO REVISE A TDS RETURN :-
Different Types of Corrections:-
Name Type of correction
C1 Update deductor details such as Name, Address of Deductor
C2 Update challan details such as challan serial no., BSR code, challan tender date,
challan amounts etc.
C3 Update/add deductee details.
C4 Add / delete salary detail records.
C5 Update PAN of the deductee or employee in deductee /salary details
C9 Add a new challan and underlying deductees.
TDS RATE CHART:-
S. SEC- NATURE OF DEDUCTOR WHEN DEDUCT RATE
No TION INCOME
1 192 SALARY EMPLOYER MONTHLY- IF NET AS PER SLAB RATE
TAXABLE SALARY (30% IF NO VALID
EXCEEDS-TAX FREE PAN)
LIMIT
2 192- A PAYMENT OF EMPLOYER AGGREGATE AMO 10% (30% IF NO
ACCUMULATED BAL. DU OF PMT.EXCEEDS VALID PAN)
E RS. 50000
OF EMPLOYEES’ PF SCHE
MEWHICH IS TAXABLE I
N THEIR HAND
3 193 INT. ON SECURITIES COMPANY -AT THE TIME OF CREDIT 10% (20% IF NO
(BONDS , SECURITIES) OR PMT. WHICHEVER IS VALID PAN)
EARLIER
-AMO. EXCEEDS 10000
(BONDS) , 5000 ( DEB.)
- EXCEPT GOVT.
SECURITIES , NOTIFIED
DEB. BY CG INT. PMT.
TO LIC
4 194 DIVIDEND OTHER THAN COMPANY BEFORE MAKING PMT. 10% (20% IF NO
REF. IN SEC. 115O AMO. EXCEEDS RS. 2500 VALID PAN)
5 194 A INT. OTHER THAN INT. - INDIVIDUAL / -AT THE TIME OF CREDIT 10% (20% IF NO
ON SECURITIES HUF OR PMT. WHICHEVER IS VALID PAN)
(IF IN LAST YR EARLIER
. LIABLE FOR -AMOUNT EXCEEDS RS. PAN)
TAX AUDIT ) 5,000/- HOWEVER,
- OTHER LIMIT IS RS.10,000/- IN
(ALWAYS) CASE OF INTEREST CREDITED
BY BANKS
6 194 B / INCOME FROM WINNING FROM LOTTERY 30% 30%
194 BB WINNINGS 5000 (1-4 TO 31-5-16) (30% IF NO VALID
10000 (1-6-16 TO 31 3- PAN)
17)
HORSE RACE
5000 (1-4 TO 31-5-16
10000 (ON OR AFTER 1-
6 -2016 )
7 194 C PMT. TO CONTRACTOR / - INDIVIDUAL / -AT THE TIME OF CREDIT I/HUF – 1%
SUB- CONTRCTOR HUF OR PMT. WHICHEVER IS OTHER – 2%
(IF IN LAST YR EARLIER 20% IF NO VALID
. LIABLE FOR -IF SINGLE BILL > 30000 - PAN)
TAX AUDIT ) P.A. PER PERSON AMO.
- OTHER > 75000
(ALWAYS)
8 194 D INSURANCE INSURANCE -AT THE TIME OF CREDIT 10% (1 APR. –
COMMISSION CO. OR PMT. WHICHEVER IS 31 MAY 16)
EARLIER 5% (ON OR AFTER
- 20000 ( 1APRIL – 31 JUNE)
MAY 2016) 20% IF NO VALID
- 15000 (ON OR AFTER PAN
1-6 -2016 )
9 194 DA PMT. UNDER LIFE LIFE AMO. > 100000 2% 1% (ON OR AFT
INSURANCE POLICY INSURANCE ER JUNE)
(BONUS) CO. 20% IF NO
VALID PAN
10 194 E PMT. TO NR SPORTMAN AT THE TIME OF CREDIT 20 %
SPORT ASSOCIATION, OR PMT. WHICHEVER IS
ENTERTAINER EARLIER
11 194 EE PMT. OF DEPOSIT AT THE TIME OF CREDIT 20% (1 APR. –
UNDER NATIONAL OR PMT. WHICHEVER IS 31 MAY 16)
SAVING SCHEME (NSS) EARLIER 10 % (ON OR
AMO.>2500 AFTER JUNE)
20% IF NO VALID
PAN
12 194 F PAYMENT ON ACCOUNT AT THE TIME OF CREDIT 20 %
OF REPURCHASE OF OR PMT. WHICHEVER IS
UNIT BY MUTUAL FUND EARLIER
OR UNIT TRUST OF
INDIA
13 194 G COMMSSION ON SALE AT THE TIME OF CREDIT 10% (1 APR. –
OF LOTTERY TICKETS OR PMT. WHICHEVER IS 31 MAY 16)
EARLIER 5% (ON OR AFTER
AMO.> 1000 (1 APR.- 31 JUNE)
MAY) 20% IF NO VALID
AMO.> 15000 ( ON OR PAN
AFTER 1 JUNE )
14 194 H PMT. OF COM. AT THE TIME OF CREDIT 10% (1 APR. –
BROKERAGE OR PMT. WHICHEVER IS 31 MAY 16)
EARLIER 5% (ON OR AFTER
AMO.> 5000 (1 APR.- 31 JUNE)
MAY) 20% IF NO VALID
AMO.> 15000 ( ON OR PAN
AFTER 1 JUNE )
15 194 I RENT AT THE TIME OF CREDIT 10% (LAND
OR PMT. WHICHEVER IS FURNITURE,
EARLIER. AMO.> 180000 BUILDING,)
2%P&M
20 % IF NO VALID
PAN
16 194 IA SALE CONSIDERATION AT THE TIME OF CREDIT 1 %
FOR IMMOVABLE OR PMT. WHICHEVER IS 20 % IF NO VALID
PROPERTY (EXCEPT EARLIER WHEN THE PAN
AGRICULTURE LAND) LAND IS SITUATED IN
SPECIFIED
AREA WHEN AMOUNT
EXCEEDS RS. 50 LACS
17 194 J TDS ON FEES :- AMO.> 30000 10 %
ROYALTY, NON COMPET 2% IN CASE OF
I-TION, AUDIT, LEGAL, PAYMENTS RCVD
TECHNICAL, DIRECTOR CR. TO A PAYEE,
FEES, REMUNERATION, BEING A PERSON
SITTING FEES ENGAGED ONLY IN
THE BUSINESS OF
OPERATION OF
CALL CENTER WEF
01.06.2017.
18 194 LA COMPENSATION ON AMO.>200000 (1 APR.- 31 10 %
COMPLUSORY MAY) 20 % IF NO VALID
ACQUISTION BY GOVT. AMO.> 250000( ON OR PAN )
AFTER 1 JUNE )
19 194 LB PAYMENT OF INTEREST AT THE TIME OF CREDIT 5 %
ON INFRASTRUCTURE OR PMT. WHICHEVER IS 20 % IF NO VALID
DEBT FUND TO NON- EARLIER PAN )
RESIDENT OR FOREIGN
COMPANY
20 194 LC PAYMENT OF INTEREST AT THE TIME OF CREDIT 5 %
BY AN INDIAN OR PMT. WHICHEVER IS
COMPANY OR A EARLIER
BUSINESS TRUST IN
RESPECT OF MONEY
BORROWED IN FOREIGN
CURRENCY UNDER A
LOAN AGREEMENT OR
BY WAY OF ISSUE OF
LONG-TERM BONDS
(INCLUDING LONG-
TERM INFRASTRUCTURE
BOND)
21 194 LD PAYMENT OF INTEREST AT THE TIME OF CREDIT 5 %
ON RUPEE OR PMT. WHICHEVER IS
DENOMINATED BOND EARLIER
INDIAN COMPANY OR
GOVERNMENT
SECURITIES TO A
FOREIGN
INSTITUTIONAL
INVESTOR OR A
QUALIFIED FOREIGN
INVESTOR
The e-TDS returns have to be prepared according to the data structure prescribed by e-
TDS administrator. The prescribed data structure can be downloaded from this website
as also of NSDL.
Status of Booking
Filing of TDS Return
The deductors should prepare their e-TDS return as per the above procedure, store the
data on a CD ROM, Pen Drive enclose the Form 27A in paper format and submit these at
any of the front offices of NSDL (TIN-FC center)
Charges of e-TDS Return
Upto100 39.50
100-1000 200.00
More than 1000 650.00
Upload user manual
Registration for direct upload of return ( e-tds):-
services fill
www.tin- online registra - submit
e-tds/e- online required
nsdl.com upload tion
tcs detaills
Pre-Requisites for Uploading TDS Statement
To upload TDS, user should hold valid TAN and should be registered in e-Filing.
Statement should be prepared using the Return Preparation Utility (RPU) and
validated using the File Validation Utility (FVU). The utilities can be downloaded from tin-
nsdl website (https://www.tin-nsdl.com/).
Valid DSC should be registered in e-Filing. (In order to upload using DSC)
Pre validate Principal Contact’s “Bank Account/Demat Account details“or link Principal
Contact’s PAN with Aadhaar. (In order to upload using EVC)
Scheme for Online Filing of TDS returns
Online upload of electronic statement facility can be used for upload of quarterly e-
TDS/TCS statements (F.Y. 2007-08 Onwards). To avail this facility one should posses
following things.
•A valid reformatted 10-digit TAN number.
•Digital Signature Certificate
•User ID (Provided by NSDL
How to avail User ID for online uploading of TDS return :-
Entities desirous of availing the facility for online upload of electronic statements (e-
TDS/TCS) have to register online as an organisation with NSDL
An authorisation letter by the organisation should be provided on the letterhead of the
organization to NSDL
On successful registration, a acknowledgment with 12-digit number will be generated.
Acknowledgment along with Authorisation letter should be sent to NSDL
NSDL will Mail the User ID within 7-10 days
Prerequisite software:-
1) JRE version :Oracle JAVA 1.6 update 29or above
2) O.S.Windows XP Professional service Pack 3 , Windows 7
3) Internet Explorer browser version : 7,8,9and 10
*Form 27 A :- Forms for furnishing information with the statement of deduction/
collection of tax at source filled on computer media for the period. Download this form
from TIN – NSDL site
Procedure to Upload TDS Statement:-
Step 1: In e-Filing Homepage, Click on "Login Here"
Step 2: Enter User ID (TAN), Password, and Captcha. Click Login.
Step 3: Post login, go to TDS Upload TDS.
Step 4: In the form provided, select the appropriate statement details from the drop
down boxes for
FVU Version
Financial Year
Form Name
Quarter
Upload Type
Note:
TDS can be uploaded from Financial Year 2010-11.
Only Regular Statements can be uploaded in e-Filing portal.
Step 5: Click Validate to Validate Statement details.
Upload TDS Statement using DSC
Step 6: “Upload TDS ZIP file”: Upload the TDS/TCS statement (Prepared using the
utility downloaded from tin-NSDL Website)
Step 7: “Attach the Signature file” Upload the signature file generated using DSC
Management Utility for the uploaded TDS ZIP file. For further details on generating
Signature file click here. Navigate to Step by Step Guide for Uploading Zip File (Bulk
Upload)
Step 8: Click on “Upload” button.
Once the TDS is uploaded, success message will be displayed on the screen. A
confirmation mail is sent to the registered email id.
Upload TDS Statement using EVC
If the DSC is not generated, then the following screen appears.
User has to click on “Click here to E-Verify” button in order to e-Verify TDS.
The taxpayers are provided with three options to e-Verify as shown in the below screen.
Select the option & follow the procedure
** View Filed TDS Statement
To View the Filed TDS statement, the steps are as below:
Step 1: Login to e-Filing, Go to TDS View Filed TDS.
Step 2: In the form provided, select the details from the drop down boxes for Financial
Year, Form Name and Quarter respectively for which the TDS was uploaded.
Step 3: Click on “View Details”.
Step 4: The status of the TDS uploaded is displayed.
Once uploaded the status of the statement would be “Uploaded”. The uploaded file will
be processed and validated. Upon validation the status will be either be “Accepted” or
“Rejected” and would be reflected within 24 hours from the time of upload.
Step 5: In case if “Rejected”, the rejection reason will be displayed.
If the status is “Rejected”, click on the Token Number to view the error details.
Reason for rejection would be displayed as below:
Step 6: In case if “Accepted”, click on the Token Number to view the Statement Details
and download the Provisional Receipt as shown in the below screen.
