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TDS or Tax Deducted at Source is known to most salaried and self-employed people in India. Not many are gleeful about the income tax deductions that take place from their income but find a way around it by investing their money smartly. But in the end, there is some amount of TDS being paid which is why understanding its aspects becomes crucial. Tax Deducted at Source was introduced by the Income Tax Department for collecting taxes at the source of payment if it is above a certain limit. To understand TDS payments better, let’s take a look at the online payment method, the penalty for a delay in paying TDS, and checking due dates.
Follow the step-by-step procedure given below for paying TDS online:
1.Go to NSDL’s official website (https://onlineservices.tin.egov-.nsdl.com/etaxnew/tdsnontds.jsp)
2.Click on ‘CHALLAN NO./ITNS 281’ under TDS/TCS section
3.Now select the type of deductee (select ‘company deductee’ if the payment is being made towards a company or else select ‘non-company deductee’). Fill in the rest of the information required on the page like assessment year, type and nature of payment, Tax Deduction Account Number (TAN), etc.
4.After submitting the form, TAN will be confirmed and the taxpayer’s full name will be displayed on the screen
5.Now payment has to be made via net banking or debit card
6.After successful online payment, a challan counterfoil will be displayed on the screen containing details like the Challan Identification Number (CIN),the name of the bank through which the payment took place, etc.
7.This challan acts as a confirmation for the payment made for reference
1.Go to TDS CPC official website (https://www.tdscpc.gov.in/app/tapn/tdstcscredit.xhtml)
2.Enter the verification captcha code and click on ‘Proceed’
3.Fill in the details required on the page like TAN, PAN, financial year,
4.Details of the TDS payment status will be displayed on the screen
TDS Certificate or Form 16/16A is available online on the TRACES website which contains the various income tax deductions which have occurred. This is provided by the employer to an employee after the tax deductions take place. A TDS certificate helps cross-check the details mentioned in Form 16/16A with Form 26AS and
maintain transparency. payment can be done at any time and from any location reference official website
1.Online payment makes the process efficient and convenient for taxpayers as the
2.Tax payment is carried out immediately without delay
3.Challan, which is proof of payment, is paperless and can be downloaded for future
4.Taxpayers can also enquire about the proceedings of TDS via online modes on the
5.Challan is directly received by the Income Tax Department
The due date for TDS payment is seventh of every next month, so the TDS payment for the month of November should be made before 7 December of that year. For the month of March, taxpayers are allowed to pay before or on 30 April as the month of March is the end of the financial year.
If there is a delay in depositing the TDS deducted in whole or part before the deadline, an interest of 1.5% is levied every month under Section 201(1A) from the date of deduction
to the date of deposition of TDS
If there is a delay in deducting TDS in whole or part, an interest of 1% is levied every month from the date of actual deduction to the date when the deduction occurs
If there is a delay in filing returns until the deadline, a penalty of INR 200 is levied per day till the date when TDS is filed. Also, the amount of penalty levied cannot exceed the TDS collected
| Month | Quarter Ending | Due Date for TDS Payment | Due Date for Filing Returns |
| April | 30 June | 7 May | 31 July |
| May | 7 June | ||
| June | 7 July | ||
| July | 30 September | 7 August | 31 October |
| August | 7 September | ||
| September | 7 October | ||
| October | 30 December | 7 November | 31 January |
| November | 7 December | ||
| December | 7 January | ||
| January | 30 March | 7 February | 31 May |
| February | 7 March | ||
| March | 7 April / 30 April |
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Ref. No. KLI/22-23/E-BB/492
