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TDS Filing
Tax Deducted at Source – Deadlines, Process, and Returns
What is TDS?
TDS (Tax Deducted at Source) is an income tax collected at the time of making certain payments such as rent, salary, commission, interest, professional fees, etc.
The person making the payment is required to deduct TDS at a specified rate before paying the amount to the receiver.
TDS Filing Deadlines & Timeline
Ensure compliance by adhering to the strict deadlines set for TDS deposit and return filing.
Monthly Deposit Deadline
TDS must be deposited to the government by the 7th of the following month (with some specific exceptions).
Payment Method
The TDS payment is made using Challan ITNS-281 directly on the government income tax portal.
Quarterly Returns
TDS returns are filed quarterly (4 times a year) by employers or organizations possessing a valid TAN.
Filing Timeline Example
Returns are filed in the month following the quarter end. For example, for the April–June quarter, you must file in July.
Responsibilities of TDS Deductor
Any person or organization liable to deduct TDS has specific operational responsibilities.
Click on the folders to read the notes
Obtain TAN
The very first step for a deductor is to apply for and obtain a valid TAN (Tax Deduction Account Number) from the Income Tax Department.
Deduct TDS
The deductor must accurately deduct TDS at the applicable rates based on the exact type of payment being made (salary, rent, commission, etc.).
Deposit TDS
Deposit the collected TDS within due dates: By the 7th of next month for salary, rent, and commission, or within 30 days for immovable property transactions.
Filing Returns & Issuing Certificates
Specific forms are required depending on the nature of the transaction and the residential status of the payee.
Filing Returns
Returns must be filed by the end of the next month after the quarter (except the last quarter → 31 May).
- Form 24Q: For Salaries
- Form 26Q: For Non-salary payments
- Form 27Q: For Payments to non-residents
Issuing Certificates
Certificates must be issued to the payee within 15 days from the return filing due date.
- Form 16: Salary (issued by May)
- Form 16A: Non-salary payments
- Form 16B: Property sale
- Form 16C: Rent payments
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