The due dates for payment of Tax Deducted at Source (TDS) to the government account is 7th of next month of the date of payment/credit except for the month of March where the due date is 30th of April. A chart showing various due dates of TDS is as under:
The returns for TDS are filed quarterly and the due dates for filing of TDS return are:
The TDS amount deducted must be deposited to the government within the due dates specified by the person deducting the TDS. The TDS payment can be made online as well as offline.
A step by step procedure for online payment of TDS is as under:
Step 1: Go to NSDL’s website (https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp) for e-payment of taxes
Step 2: Select ‘CHALLAN NO./ITNS 281’ under TDS/TCS section. You will be directed to the e-payment page.
Step 3: In this page the following details have to be entered:
1. Under ‘Tax Applicable’ select ‘Company Deductees’ if the TDS deducted by you is while making payment to a company. In any other case select ‘Non-Compay Deductees’.
2. Enter the TAN and Assessment Year for which the payment is made.
Assessment Year: If payment is made on say 15 April 2019 i.e. in financial year 2019-2020 then assessment year will be next year i.e. 2020-2021.
3. Enter the ‘Pin Code’ and select ‘State’ from the drop down. Other details of address and mobile and email are non-relevant.
4. Select whether the payment is made for TDS deducted and payable by you or TDS on regular assessment i.e. TDS on receipt of a notice.
5. Select the ‘Nature of Payment’ and ‘Mode of Payment’ from the drop-down. Detailed article on Nature of Payment and Rate of Payment will be shared on a future date.
6. Click on ‘Submit’ button.
Step 4: On submission, a confirmation screen will be displayed. If TAN is valid, the full name of the taxpayer as per the master will be displayed on the confirmation screen.
Step 5: On confirmation of the data entered, you will be directed to the net banking site of your bank.
Step 6:The taxpayer should log in to the net banking site with the user id and password provided by the bank and make the payment.
Step 7: On successful payment, a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is a proof of the payment made.
After payment of TDS, you have to file your TDS return quarterly.
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