How can I deposit TDS online?

Following is the procedure that a deductor needs to follow:

Login TIN NSDL Portal. To pay TDS online visit the website of income tax department.
Select the Relevant Challan.
Fill in the Challan Details.
Confirm Challan Details.
Make TDS Payment.
Online Verification.

Which is the official website for TDS payments?

The payment of TDS or Tax Deducted at Source can be made online through the NSDL's official website. The process of e-payment is discussed below. Step 1: Visit the official website of NSDL (http://www.tin-nsdl.com) > Services > e-payment.

How can I pay TDS paid online Challan?

How to Download TDS Challan?

1) Visit TIN NSDL website.
2) Go to 'Services' section and click on OTLAS.
3) You will be redirected to OTLAS-Challan Status Inquiry Page. Click on download.
4) You will be redirected to the 'Challan' page. From here, you can download your required copy of TDS Challan.

How can I pay TDS to income tax department?

1) Electronic mode: E-Payment is mandatory for

1) Electronic mode: E-Payment is mandatory for. a) All corporate assesses; and. b) All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.
2) Physical Mode: By furnishing the Challan 281 in the authorized bank branch.

What if TDS is paid late?

As per section 234E, where a person fails to file the TDS/TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS.

What happens if TDS is paid after due date?

You can pay TDS after the due date, however penalty of Rs 200 per day as per Section 234E needs to be paid. The deductor is liable to pay the penalty for every day during which the failure continues. However, the amount of late fees cannot exceed the TDS.24-Jun-2022

Can TDS be paid at bank?

In addition to depositing the TDS amount with the banks mentioned here, taxpayers can also use internet banking or online payment facility while making TDS payment during the challan generation process. The list of banks authorised to receive TDS payment is the following: Allahabad Bank. Andhra Bank.

What is the current TDS rate?

The TDS rate on income depends on the salary of an individual and based on that it ranges between 10% to 30%.TDS Rates Chart for FY 2022-23.

How can I check my TDS payment?

Challan Status Inquiry

Step – 1. Visit https://tin.tin.nsdl.com/oltas/index.html or Click here,
Step – 2. Select either from CIN (Challan Identification Number) based view or TAN based view.
Step – 3. Fill the requisite details in order to view the Status.
Step – 4.

Can we pay TDS in single challan?

Since, the section code is no more relevant therefore CPC (TDS) has introduced a system where a single challan can be used for payment of TDS under different section codes. Single Challan can be tagged in the TDS Return for payment of TDS under different sections.19-Apr-2020

How can I pay TDS offline?

How to Make TDS Payment Offline

Step 1: First Download “Challan 281” from the official website of the Income Tax Department.
Step 2: Take a printout of this form. Fill in details such as TAN, your full name, residential address etc.
Step 3: Submit your payable TDS amount along with the challan to your nearest bank.

Do I have to pay income tax after TDS?

If Interest received is not exceeding Basic Exemption Limit then it is not necessary to file Income Tax Return. But if TDS is deducted on the Interest then he has to file Income Tax Return for getting refund.27-May-2020

Who will issue TDS certificate?

TDS certificates have to be issued by a person deducting TDS to the assessee from whose income TDS was deducted while making payment. For instance, banks issue Form 16A to the depositor when TDS is deducted on interest from fixed deposits. Form 16 is issued by the employer to the employee.21-Jul-2022

What happens if TDS is not deducted?

All companies, irrespective of government or private, must bear a penalty of Rs. 200/day, under section 234E, for the delay in filing TDS or TCS returns after the specified due date. However, such a penalty will not exceed the amount of TDS for which the statement was required to be filed. Also, a penalty from Rs.12-Oct-2021

When should TDS be deposited?

Generally, the due date for TDS payment is always the 7th day of the next month, with a few exceptions. For example, if an organization wants to pay TDS for the month of July, then the TDS payment due date for the same will be the 7th of August.

What is the last date of TDS deposit for March month?

TDS Payment Due Date

Can we pay TDS on Sunday?

As per rules, in case the upcoming TDS return due date is falling on Sunday or any other public holiday, then they can also pay the TDS on the next working day.11-Nov-2020

What is the due date for TDS payment for May 2022?

Tax Compliance & Statutory Due dates for May 2022

Can TDS be paid in advance?

It is not advisable to pay TDS in advance because due to any unforeseen reason, if the deal does not go through, it will result in a loss. So, it is advisable to pay TDS after the deal comes through.22-Jun-2021

Can TDS be refunded?

Therefore, you can claim a TDS refund when filing your income tax returns (ITR) for the financial year. The TDS (Tax Deducted at Source) refund process is easy and does not take a long time, provided you have the necessary documents.09-Jul-2021

What is TDS example?

Let us take an example of TDS assuming the nature of payment is professional fees on which the specified rate is 10%. XYZ Ltd makes a payment of Rs 50,000/- towards professional fees to Mr. ABC, then XYZ Ltd shall deduct a tax of Rs 5,000/- and make a net payment of Rs 45,000/- (50,000/- deducted by Rs 5,000/-) to Mr.

How can I deposit TDS online?