TDS FILING
Get proper TDS filing done and avoid non-compliances. Stepping ahead in compliances with our online assistance. Experience our fastest and reliable filings at best challenging affordable rates with fastest processing.
Get proper TDS filing done and avoid non-compliances. Stepping ahead in compliances with our online assistance. Experience our fastest and reliable filings at best challenging affordable rates with fastest processing.
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TDS refers to tax deduction at source. This deduction is done by the Employer and thus known as deductor, whereas the employee or any other person whose tax is deducted by deductor is known as deductee. The amount so deducted is required to be deposited on due dates and Quarterly returns are to be filed.
Challan for tax payment done.
Bank account information for the period.
TAN & PAN Card of applicant.
Details of employees with deduction amount for the period.
| Section | Due date | % of TDS |
|---|---|---|
| 192 Salary | Due date is 07th of next month and 30 april in case of march Or Can be deposited on the same date on which the tax have been deducted | Slab Rate including loss of house property |
| 192A | 10% | |
| 194A TDS on Ints other than securities | 10% | |
| 194B Winning from lottery crossword puzzles | 30% | |
| 194BB Winning from Horse Races | 30% | |
| 194C TDS on contract | 1% for Individual/HUF 2% for company | |
| 194D Tax on Insurance commission | 5% | |
| 194DA Tds on maturity proceeds of LIC | 1% | |
| 194E TDS on payment of NR sports person | 20+cess% | |
| 194G TDS on commission on sale of lottery ticket | 5% | |
| 194H TDS on commission and brokerage | 5% | |
| 194I TDS on Rent | Plant and machinery-2% Land /Building Furniture-10% | |
| 194IA TDS on T/F of immovable property | 1% | |
| 194IB TDS on rent of immovable property | 5% | |
| 194IC TDS payment under Development Agreement | 10% | |
| 194J TDS on professional services | 10% | |
| 194LA TDS on compensation of compulsory Acquisition | 10% | |
| 194LB TDS on infrastructure debt fund | 5% | |
| 195 TDS on any sum payable to NR | DTAA Rate or Rate in force |
Deducting TDS at source prevents tax evasion.
Tax collection is done in a duly and timely manner.
Since there is automatic deduction it reduces chances of non-compliance.
Since large number of people falls under ambit of tax the collection of TDS is a steady source of revenue for the government.
TDS refers to tax deduction at source. This deduction is done by the Employer and thus known as deductor whereas the employee or any other person whose tax is deducted by deductor is known as deductee. The amount so deducted is required to be deposited on due dates and Quarterly returns are to be filed.
Amount of TDS deducted needs to be deposited up to 7th of the next month and quarterly returns need to be filled.
In case of failure to file TDS Return before the due date, a penalty of Rs 200/day not exceed the TDS amount is to be paid by the assesse till the default continues.
Penalty for delay in TDS return filing is 1.5% per month or part of the month.
