Kotak Life

Buy a Life Insurance Plan in a few clicks


Now you can buy life insurance plan online.

Kotak e-Term Plan

Kotak e-Term Plan provides a high level of protection to your loved ones in your absence. Know more

Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality. Know more

Kotak E-Invest

Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs. Know more

Kotak Health Shield

Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability. Know more

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime! Know more

How to File TDS Return?

How to File TDS Return?
  • 8th Feb 2022 |
  • 840

TDS is the income tax withheld by the persons who make various payments, such as rent, profit, service charges, wage, interest, and so on. TDS on income is a tax that is deducted by the employer from an employee’s salary. The purpose of TDS was to collect tax directly from the source of revenue. The submission of TDS return is required for all tax payers who fall within the Income Tax Department’s tax slabs. TDS return must be e-filed, which may be done using the authorized Income Tax e-filing system, and TDS return must be filed on time by the deductors. The information of the TDS return will appear on the payee’s Form 26AS once they have been filed online. To make the process easier, we’ll guide you through the steps of filing a TDS return.

Before you begin the filing process, double-check that you have the following information.

  • Both the deductee and the deductor have a Permanent Account Number (PAN).
  • Information from the TDS challan.
  • The sum of money collected in taxes by the government.
  • Any more essential information, if applicable.

Step by Step Guide for Filing TDS Return

Step 1:

First, Form 27A, which has numerous fields, should be entirely filled out. If a printed copy of the form is filled out, it must be checked together with the digitally submitted e-TDS return.

Step 2:

The TDS and the total amount deducted must be punched in accurately and totaled in their corresponding forms.

Step 3:

Under Form 27A, the TAN of the company submitting the TDS filings must be stated. Whenever the wrong TAN is provided, the verification procedure gets more complex.

Step 4:

The TDS returns must include the relevant challan number, form of payment, and tax information. There will be a discrepancy if there are any inaccurate facts in the dates of payments or challan numbers, and the TDS returns will also have to be lodged afresh.

Step 5:

The basic form for submitting an e-TDS should be utilized since it will ensure uniformity. To make tallying easier, the 7-digit BSR should be provided. The BSR is a code given by the Reserve Bank of India to all the registered banks and is used for filing TDS/TCS returns.

Step 6:

TDS returns must be delivered to the TIN-FC in person. The NSDL is in charge of all TIN-FCs. If you want to submit your returns electronically, go to the NSDL TIN’s official website. However, if TDS returns are filed electronically, the deductor must use a level 2 digital signature.

Step 7:

If all of the information supplied is correct, you will be given a token number or a provisional receipt. This acknowledgement serves as proof that the TDS Returns were properly submitted. A non-acceptance note is provided if the TDS Returns are denied, along with the grounds for the refusal. TDS Returns must be submitted anew in such circumstances.

Tax Benefit

TDS does not necessarily imply a deduction from your earnings. There is also the option of filing a TDS refund claim and tax benefits. Filing TDS returns reduces the lump-sum tax payment at the end of the year by splitting the amount across several months. As a result, the burden on taxpayers is reduced. You will be entitled to a TDS return claim if the TDS paid exceeds the amount specified in the tax slab.

To summarize, filing a TDS return online will be quite simple if you carefully follow the instructions outlined above.

Kotak e-Term Plan


  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492


Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Term Vs. Whole Life Insurance: Which One You Should Buy in India?

Term Plans are Definitely Cheaper than You Think!

What Is a Renewable Term Insurance Policy?

8 Factors to consider before choosing a Critical Illness Insurance

Busting Myths and Facts About Term Insurance Policies

Make Your Online Term Plan Your Family's Monthly Pay Cheque

Can I Buy Term Insurance for a COVID-19 Patient?

Does Your Term Insurance Plan Cover Death Due to COVID-19?

Insuring yourself against Ill Health with a Critical Illness Rider

Cost of Term Insurance Likely to Increase Soon

Why 1 Cr Term Plan Is Necessary For Family?

Term Plan with Spouse Cover

Insuring Against Accidents with an Accidental Death Insurance Rider

Different Types of Premium in Term Insurance

Can I Get Term Insurance on Behalf of My Spouse?

Why should single women purchase term life insurance?

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

What Are Insurance Riders and How to Choose Them in a Term Plan?

Why Married People Should Buy Term Insurance Under MWP Act?

How Not To Get Your Term Insurance Claim Rejected

6 Types of Death not covered in Term Insurance Plan

9 Ways to Help Family Members in Financial Trouble

10-Year Term Life Insurance Policy - Explained in Detail

Why Term Insurance Is Important in times of COVID-19?

How To Change The Nominee in Term Insurance?

Should You Buy a Term Plan After 40?

Insuring Protection Against Death With Death Insurance Rider

6 Reasons That Make Term Insurance a Must Buy

Difference between Term Insurance and Life Insurance

4 Reasons Why You Need Critical Illness Cover

Importance of Term Insurance at Every Stage of Your Life

Different Types of Protection Plans

5 Things To Consider While Buying Term Insurance Plan

Is ₹1 Crore Term Insurance Good Enough Cover?

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

Term Insurance with Critical Illness

Is There Any Tax Benefit on Term Insurance?

Term Insurance: What Happens When You Don’t Pay Your Premiums?

Protection for your family

What is Insurance Premium - A Detailed Guide

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

Is a Term Insurance Policy Portable?

Is Term Life Insurance Plan an Investment or Expense?

8 Things To Do After Buying Term Insurance

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

Term Insurance: Smokers vs Non-Smokers

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

Can Senior Citizens Avail Term Insurance?

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

Make Your Online Term Plan Your Familys Monthly Payout

Is It Good To Buy A Term Insurance Plan In 2022?

Does Term Insurance Cover Accidental Death?

Everything About Claim Settlement Ratio for Term Insurance

Advantages of Buying Term Insurance in Your 50s

How To Choose the Right Term Insurance Plan?

How To Choose the Right Sum Assured Under a Term Plan?

Do I Need to Give a Medical Test for Term Insurance in India?

Endowment Plans vs Term Plans: Understanding the difference

Planning For Children's Future

How To Calculate The Amount Of Term Life Insurance You Need?

How to Ensure That Your Term Insurance Claims Are Never Rejected?

8 Benefits of Term Insurance You Should Know

How to Compare Term Insurance Online

Online vs Offline Term Insurance: Which Is The Better Option To Buy

Do Beneficiaries Pay Taxes on Term Insurance?

Is term Insurance Needed for People With No Dependents?

Insuring Against Disability With Disability Insurance Rider

Is Life Insurance Investment Worthy Enough

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

Why Should You Buy Term Insurance in 2022?

Term Insurance – Why You Must Include In Your Financial Planning?

Term Insurance Age Limit – Term Plan for All Age Groups

How Does A Term Life Insurance Work in India?

How Much Cover Should I Take In A Term Plan?

Why does every working woman need life insurance?

What Should Be The Duration Of Your Term Plan in India?

Tax Benefits of Term Insurance in India

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan

How to Surrender Term Life Insurance When you have No Liabilities

5 Term Insurance Benefits for Single Women

Comparing Term Plans – What Should You Look Out For

What are the Documents Required for Term Insurance Plan?

Why is it important to buy term insurance plan?

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

Ensure Protection Against Death, Disease & Disability With Life Insurance

How to Identify Term Insurance According to Your Needs?

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

5 Reasons to Buy Term Insurance When You are in Your 30s

Gift Your Father A Term Insurance Plan This Father's Day

5 Benefits of Early Retirement Planning

Can You Increase Your Term Insurance Cover?

Advantages & Disadvantages of Term Insurance in India

All you need to Know about Term Insurance Plans for Housewives

Term Insurance Basics You Should Know

Term Insurance With Riders In India

Top 3 Reasons Why You Should Buy A Term Plan Now

Why Buy Term Insurance Plan With a High Cover?

Individual Life Insurance vs. Group Term Life Insurance

Insurance Policy for Housewife In India

Why Premium Amount for Term Insurance is So Low?

While Buying Term Insurance Compare Features, Not Just Premiums

What are incremental term insurance plans?

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

Should You Have Multiple Term Life Insurance Policies?

Can A Housewife Buy a Term Insurance Plan - All You Need to Know

Buying A Term Insurance Plan? Take These Factors into Account

Term Life Insurance Plan for Smokers vs Non-Smokers

Term Insurance Plans and Policies for Smokers

What Is the Correct Age to Buy Term Insurance?

Increasing Term Insurance and Riders

What is Critical Illness Policy

What All Documents Required For Term Insurance In India?

What Happens if you Hide Facts in your Term Insurance?

Can Term Insurance Plans Be Purchased As A Gift?

Should Youngsters, Working Couples Buy Term Insurance Plans?

Why Should New Parents Buy Term Life Insurance?

4 Methods to Calculate How Much Term Insurance You Need

Why Term Insurance Is Better Than ULIP?

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

Tips to Choose the Right Term Period for Term Insurance Plan

Know How to Invest at Every Age for Larger Returns

How to Buy 1 Crore Life Insurance Policy Without Medical Test

Calculating Term Insurance Premium

Why Term Plan Should Be The First Step To Securing Your Future?

All About Term Insurance Inbuilt Coverage

Can I Extend the Tenure of My Term Insurance Plan?

9 Most Frequently Asked Questions on Term Insurance

What Are the Best Term Insurance Plans for Planning Retirement?

Eligibility Criteria for Buying Term Insurance in India

Why Buy Term Insurance Even at Rising Rates?

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

Term Insurance Calculator - Everythng You Need To Know

What is a short term insurance policy?

Steps on How to Buy Term Insurance Online

How Much Term Life Insurance Cover Do I Need in India?

Reasons You Need Term Insurance Plan as a Self-Employed Person

Understanding Term Insurance Riders

Best Investment Plans for Children - Secure Your Child's Future

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

Which Death Type Does Your Term Plan Not Cover?

What Types of Deaths Are Covered in a Term Insurance Plan?

Can I Make Changes to My Term Insurance Policy Post Purchase?

4 Things To Expect From Your Term Insurance Plan in India

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

Why Should You Not Take A Term Plan Without Medical Test in India?

Do You Need Term Insurance Cover After Retirement?

Planning For Son or Daughter's Wedding

What Should You opt for - Limited or Premium Pay?

Is Group Term Life Insurance Provided By Employer Sufficient?

Choosing Riders for Insurance Plans

Why Should You Add a Rider to a Term Insurance Plan?

What is Term Insurance - A Complete Guide

How Much Term Insurance Do I Need

How Does Term Life Insurance Work? Learn the Benefits