Tax Deducted at Source (TDS) is a critical tax mechanism in India that ensures tax collection at the source of income. Understanding TDS return filing is essential for businesses and individuals to maintain compliance and avoid penalties. Asktrix provides comprehensive TDS filing services to ensure seamless compliance.
TDS is governed by various acts and regulations:
TDS returns are filed using different forms based on the nature of payments:
| Form | Applicable Deductor | Purpose | Examples of Deduction |
|---|---|---|---|
| Form 24Q | Employers deducting from salaries | Salary TDS | Monthly salary payments to employees |
| Form 26Q | Non-employer deducting | Non-salary TDS | Professional fees, rent, interest, commission |
| Form 27Q | Non-resident payments | Foreign payments | Payments to non-resident individuals/companies |
| Form 27EQ | TDS collectors | TCS reporting | Tax collected at source for specified goods |
Our streamlined process ensures quick and hassle-free TDS return filing:
Collect all TDS-related documents including PAN cards of deductees, payment vouchers, TDS certificates received, and challans for tax deposited.
Download and install the latest TDS software from the Income Tax Department website for preparing and validating returns.
Choose the appropriate form (24Q, 26Q, 27Q, or 27EQ) and enter all required details including deductee particulars and payment information.
Use the validation feature to check for errors and generate the validated form ready for upload to the Income Tax portal.
Upload the generated TDS return file on the Income Tax e-filing portal using digital signature or EVC authentication.
After successful filing, generate Form 16/16A TDS certificates for all deductees and provide them within prescribed timelines.
TDS returns must be filed quarterly within prescribed deadlines:
| Quarter | Period | Due Date |
|---|---|---|
| Q1 | April - June | July 31 |
| Q2 | July - September | October 31 |
| Q3 | October - December | January 31 |
| Q4 | January - March | May 31 |
Important TDS sections applicable to various payments:
| Section | Nature of Payment | TDS Rate |
|---|---|---|
| 192 | Salary | As per tax slabs |
| 194A | Interest (other than securities) | 10% |
| 194C | Contract payments | 1% (individual/HUF) / 2% (company) |
| 194H | Commission/brokerage | 5% |
| 194I | Rent (land/building/machinery) | 10% |
| 194J | Professional services | 10% |
| 194LA | Payment for acquisition of immovable property | 10% |
| 194M | Contractor/sub-contractor payments | 5% |
| 194N | Cash withdrawal | 2% / 5% |
| 194O | E-commerce operators | 1% |
| 194P | TDS for senior citizens | As per tax slabs |
| 194Q | Purchase of goods | 0.1% |
| 194R | Benefits/perquisites | 10% |
| 194S | Payment on transfer of virtual digital asset | 1% |
| 206AB | Higher TDS for non-filers | 5% or twice |
| 206CCA | Higher TCS for non-filers | Double the normal rate |
Consider a company paying professional fees:
Find answers to common questions about TDS return filing, eligibility, documents, process, benefits, costs, and timelines.
Tax Deducted at Source (TDS) is a tax collection mechanism where tax is deducted at the source of income generation and paid to the government by the payer on behalf of the payee.
Any person making specified payments above prescribed threshold limits is responsible for deducting TDS, including employers, companies, partnerships, and individuals.
TAN (Tax Deduction Account Number) is a 10-digit alphanumeric number required for deducting TDS. It is mandatory for entities deducting TDS.
Common TDS return forms include Form 24Q (salary), Form 26Q (non-salary), Form 27Q (non-resident), and Form 27EQ (TCS).
TDS returns are due quarterly: Q1 by July 31, Q2 by October 31, Q3 by January 31, and Q4 by May 31.
Late filing attracts a penalty of ₹200 per day until the return is filed, subject to a maximum of the TDS amount itself.
Asktrix provides comprehensive TDS filing services including accurate calculations, timely filing, TDS certificate generation, and ongoing compliance support.
Yes, TDS returns can be revised under certain circumstances to correct errors or omissions, usually before the due date for filing original return.
Required documents include PAN details of deductees, payment vouchers, bank challans, TDS certificates, and authorized signatory details.
TDS certificates (Form 16/16A) are generated from TRACES after successful filing of TDS returns and must be provided to deductees within 15 days.
Professional TDS filing with Asktrix ensures smooth tax compliance and eliminates penalties. Our expert team handles all aspects of TDS management with accuracy and timeliness.