Manage TDS Payments andQuarterly Return Filing
Any person responsible for Tax Deduction at Source or Tax Collection at Source must obtain TAN, deposit the tax within the applicable deadline, and file the correct quarterly return.
Chokurei Tax Partners provides TAN registration assistance, TDS calculation support, electronic return filing, and guidance for maintaining compliance with TDS laws.
TAN Registration
Persons responsible for Tax Deduction at Source or Tax Collection at Source must obtain a valid 10-character Tax Deduction and Collection Account Number.
Quarterly Returns
Entities registered for TAN must file the applicable TDS or TCS return every quarter.
TDS Payment
Tax deducted at source must be deposited to the credit of the Central Government while quoting the correct TAN.
Electronic Filing
Chokurei Tax Partners supports TDS calculation, electronic return filing, and ongoing compliance.
TDS Compliance Support
TAN, deduction calculation, payment review, return filing, certificate, and reconciliation guidance.
Deduct, Deposit and Filewith the Correct TAN
TAN is mandatory for persons responsible for deducting TDS or collecting TCS and must be quoted while depositing tax and submitting the applicable statements.
TDS enables the government to collect tax at the source of income. The deductor must calculate the amount, withhold it from the payment, deposit it to the Central Government, and report it in the quarterly return.
Who May Need to Deduct TDS?
The supplied content refers to proprietorship businesses, private limited companies, LLPs, and other entities making specified payments such as salaries, contractor or subcontractor payments, and rent above ₹1,80,000 annually.
Tax Deduction and CollectionAccount Number
TAN is used for TDS and TCS payment, return filing, certificates, and related tax communications.
Mandatory TAN
A person responsible for deducting TDS or collecting TCS on behalf of the government must obtain TAN.
10-Character Number
TAN is a mandatory 10-character alphanumeric number used in TDS and TCS payments, returns, and related communications.
Deposit with TAN
The deductor must deposit the tax withheld to the Central Government's credit while mentioning the TAN number.
Salaried Individual Exception
The supplied content states that salaried individuals are exempt from TAN requirements and are not required to deduct tax at source.
Businesses and Entities
Proprietorship businesses, private limited companies, LLPs, and other entities may need to deduct TDS on specified payments.
Specified Payments
The supplied content includes salary, contractor or subcontractor payments, and annual rent above ₹1,80,000 as examples.
Quarterly TDS ReturnFiling Schedule
The supplied content states that TDS deducted is generally payable by the seventh of the following month and by 30th April for March.
| Quarter | Period | Due Date for Filing |
|---|---|---|
| Q1 | 1st April – 30th June | On or before 31st July |
| Q2 | 1st July – 30th September | On or before 31st October |
| Q3 | 1st October – 31st December | On or before 31st January |
| Q4 | 1st January – 31st March | On or before 31st May |
Verify PAN BeforeTDS Reporting
Correct PAN information helps ensure that the deducted tax is credited to the appropriate taxpayer account.
Provide a Valid PAN
Every deductee should provide the correct and active PAN to the deductor so that the deducted tax is credited to the correct account.
Verify PAN Details
The deductee should verify the PAN number, name, and active status before providing it for TDS purposes.
Higher TDS Rate
The supplied content states that failure to provide PAN or providing an incorrect PAN may result in TDS at 20%.
Penalty Reference
The supplied content refers to a penalty of ₹10,000 for the deductor where incorrect PAN information is furnished.
Confirm the PAN IsActive and Correct
The supplied content advises the deductee to verify PAN validity and active status using the Income Tax Department's PAN verification facility. If inactive, the deductee should contact the jurisdictional Assessing Officer to address the status.
Issue, Maintain andReconcile TDS Certificates
TDS certificates help deductees verify the amount deducted and cross-check the corresponding tax credit.
Certificate from Deductor
After deducting TDS, the deductor provides the applicable TDS certificate to the deductee.
TRACES Certificate
The supplied content states that a certificate downloaded from TRACES carries a seven-digit unique certificate number and TRACES watermark.
Salary Certificates
TDS certificates for salary are issued annually.
Non-Salary Certificates
TDS certificates for payments other than salary are generally issued quarterly.
Duplicate Certificate
A deductee may request a duplicate TDS certificate if the original certificate is lost.
Maintain Records
The deductee should retain all TDS certificates and reconcile them with tax-credit information.
Claiming TDS Credit
To claim TDS credit, the deductee must correctly report the TDS certificate and tax-credit details in the income tax return. Inaccurate certificate numbers or TDS information can create tax credit mismatches and may cause processing issues.
Choose the Correct Form forEach Payment Type
The return form depends on whether the payment relates to salary, non-salary payments, non-residents, or tax collected at source.
Quarterly
Form 24Q
TDS from Salaries
Quarterly statement for tax deducted from salary payments made to employees.
Quarterly
Form 26Q
Payments Other Than Salaries
Quarterly statement of TDS for payments other than salary, including applicable contractor, rent, interest, and professional payments.
Quarterly
Form 27Q
Payments to Non-Residents
Quarterly statement for TDS deducted from interest, dividends, or other sums paid to non-residents.
Quarterly
Form 27EQ
Tax Collected at Source
Quarterly statement containing details of tax collected at source.
TDS Form 24Q
Employers deduct TDS from employee salaries under Section 192 and file Form 24Q quarterly. The return includes salary paid to employees and the TDS deducted from those salary payments.
TDS Form 26Q
Form 26Q is used for quarterly reporting of TDS deducted from payments other than salaries. It contains the total payments made and the tax deducted during the quarter.
Form 27Q
Form 27Q reports TDS deducted from non-salary payments made to non-residents, including interest, dividends, and other sums. It is filed quarterly.
Form 27EQ
Form 27EQ contains details of tax collected at source and is filed quarterly under Section 206C by applicable corporate, government, and other collectors.
From TDS Calculation toQuarterly Filing
The process covers TAN verification, deduction calculation, tax payment, form selection, return filing, and certificate reconciliation.
Confirm TAN and Deductor Details
Verify TAN, PAN, legal name, address, deductor category, responsible person details, and filing quarter.
Calculate TDS or TCS
Review payments, applicable sections, threshold limits, rates, PAN status, exemptions, and the amount to deduct or collect.
Deposit the Tax
Deposit the deducted or collected amount to the Central Government within the applicable payment deadline.
Prepare the Correct Form
Choose Form 24Q, 26Q, 27Q, or 27EQ according to the nature of payment and deductee.
Validate and File Electronically
Prepare the quarterly statement, validate deductee and challan details, and submit the return electronically.
Issue and Reconcile Certificates
Generate the applicable TDS certificates, share them with deductees, and reconcile tax credits and filing records.
Choose Quarterly orAnnual TDS Filing Support
Select return filing for one quarter, two quarters, or all four quarters of the financial year.
Basic
₹ 1,499
all inclusive fees
TDS return filing for one quarter.
- ✓One Quarterly TDS Return
- ✓TAN and Deductor Detail Review
- ✓TDS Payment Detail Review
- ✓Applicable Form Selection
- ✓Deductee and Challan Validation
- ✓Electronic TDS Return Filing
Standard
₹ 2,499
all inclusive fees
TDS return filing for two quarters.
- ✓Two Quarterly TDS Returns
- ✓TAN and Deductor Detail Review
- ✓TDS Calculation Review
- ✓Applicable Form Selection
- ✓Deductee and Challan Validation
- ✓Electronic TDS Return Filing
- ✓Basic Compliance Guidance
Premium
₹ 4,899
all inclusive fees
TDS return filing for four quarters.
- ✓Four Quarterly TDS Returns
- ✓Annual TDS Compliance Coverage
- ✓TAN and Deductor Detail Review
- ✓TDS Calculation and Payment Review
- ✓Form 24Q, 26Q, 27Q, or 27EQ Support
- ✓Deductee, PAN, and Challan Validation
- ✓Electronic TDS Return Filing
- ✓TDS Certificate and Reconciliation Guidance
- ✓The seventh day of the following month is stated as the regular deadline for depositing TDS, while the supplied content gives 30th April for deductions made in March.
- ✓The quarterly filing dates supplied are 31st July, 31st October, 31st January, and 31st May for Q1 to Q4 respectively.
- ✓The supplied content refers to Form 27Q in the due-date heading, while the quarterly due-date table has been presented as the supplied TDS filing schedule.
- ✓Current TDS rates, thresholds, payment dates, filing deadlines, PAN consequences, certificate rules, and penalties should be verified for the relevant financial year.
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