Summary: Paying your TDS online is very easy. You need to visit NSDL’s website where you can search for the challan number within the TDS section. Once it opens up, you must fill in your personal data and tax-related details. Keep on reading to learn the complete procedure of paying your TDS online.
TDS or Tax Deduction at Source is a particular sum deducted by a person (deductor) when the payment such as salary, rent, professional fees, etc., exceed the TDS threshold limit. The individual (deductee) who receives this sum is liable for paying the tax.
The deductor deducts the tax at the source and pays the remaining sum to the deductee. In this guide, you will get the steps in detail to pay the TDS online through an in-depth tutorial.
To pay TDS payment online, you need to visit the NSDL’s website and choose ‘CHALLAN NO./ITNS 281’ under the TDS/TCS section. Next, fill up your tax details and submit the form. After that, you will be directed to the bank page where you can make the payment.
Here is the step-by-step guide to paying TDS online:
Step 1: Open NSDL’s website or Income Tax software to make e-payment of taxes. The website will appear as shown below.
Step 2: Next, choose ‘CHALLAN NO./ITNS 281’ within TDS/TCS section. Once done, the website will be redirected to the e-payment portal as shown below.
Step 3: Once the portal is open, you need to add the following data as shown in the image and proceed to the next step.
Step 4: In the next step, fill other information such as:
Step 5: After submission, a confirmation screen will appear. If the TAN is valid, the taxpayer’s full name as per the company’s master will be shown on the screen.
Step 6: After the confirmation of the entered data, the website will take you to the net banking site.
Step 7: Next, login to the bank site with your credentials and make the payment. After the successful payment, a challan will be generated with CIN number, payment details and bank name with which e-payment is made.
When you make TDS payment online, you don’t need to submit the challan physically and it is remitted immediately via your account. Moreover, your e-challan will be submitted directly to the Income Tax department. Let’s find out more benefits of making TDS payments online:
To make TDS payment offline, deductors are required to submit TDS via challans submission at their bank branches physically. They can download the Challan 281 through the online portal and fill out the necessary data.
Once done, they need to deposit the TDS amount and the challan to their nearby bank branch. After submitting the challan, a counterfoil will be provided. This counterfoil could be used as proof after the bank stamps it in the future reference.
Once the TDS amount is deducted, the deductor needs to submit this amount to the government in a specific time frame, this amount is called TDS payment. The due date for making TDS payments for government assesses and other assesses are given below:
| Month of Deduction | Due Date for Making TDS Payment |
| April | 7th May |
| May | 7th June |
| June | 7th July |
| July | 7th August |
| August | 7th September |
| September | 7th October |
| October | 7th November |
| November | 7th December |
| December | 7th January |
| January | 7th February |
| February | 7th March |
| March | 30th April for non-government deductors and 7th April for government deductors. |
TDS payments quarterly once granted permission by the Assessing Officer. However, it could only be done with the approval from the Joint Commissioner. The due dates to make payments quarterly are as follows:
| For the quarter ending on the 30th of June | 7 July |
| For the quarter ending on the 30th of September | 7 October |
| For the quarter ending on the 31st of December | 7 January |
| For the quarter ending on the 31st of March | 30 April |
There are three ways to check your TDS payment status via PAN card, Form 26asm, and net banking. Let’s find out how you can check the payment status.
Yes, there will be a penalty for late TDS payment and return filing. In the case of a late deduction, 1% will be imposed per month on the amount. Similarly, in terms of late payment, 1.5%per month will be levied on the amount. Here are the detailed guidelines you need to follow:
There are different types of e-TDS software available that you can use to prepare and file your TDS returns and generate TDS certificates. With it, you can quickly prepare and file Form 24Q, 26Q, 27Q, 27EQ, 27A/B, 16A, 16, 27D, 12BA, etc. Moreover, you can also download your Challan, TDS, Income Tax documents, and so on.
In addition to that, eTDS software can help you with validating PAN and challan details, calculating late payments rate, making corrections to TDS returns, and so on.
Top eTDS Software that you can consider for this purpose:
Tax Deducted on Source is applicable on a person’s salary income and for the following cases like income generated from:
Conclusion
After going through the article, you might have understood how you can pay your TDS online. Make sure you follow the process aptly to ensure the successful payment of your TDS.
To streamline your procedure, you can also use e-TDS filing software where you can file and pay TDS directly. Make sure to check software features and requirements before choosing any of them.
Head to NSDL's website and under “TDS/TCS,” choose “CHALLAN NO./ITNS 281.” Simply fill out the payment form with the required details, submit it, and you'll be redirected to your bank's net banking page. On the page, fill in your bank details and make payment, your TDS will be paid after this.
TDS status can be viewed online via PAN Card in three ways: TDSCPC, Income Tax e-filing website, and net banking. You need to provide PAN details of the person who deducted TDS from payments along with the TAN of the deductor for all of these.
According to section 203A of the Income Tax Act, 196, it is compulsory to add Tax Deduction Account Number (TAN) on all TDS returns along with all TDS payment challans and certificates.
On late payment of TDS, the person needs to pay a penalty under Section 234E. INR 200 will be charged until the TDS is paid. Note, the penalty amount cannot be more than the TDS amount.
The Tax Deduction Account Number (TAN) will be given by the Income Tax Department of India. All individuals who deduct TDS must get the TAN number.
Introducing Xoriant Corporation, leading player in the era of product development, engineering, and consulting… Read More
The dark web is a part of the internet that isn't indexed by standard search… Read More
A strong sales pipeline is indispensable for the expansion of every business organization. It's simply… Read More
In our earlier blogs, we have already discussed website cookies. Now, we will try to… Read More
Remote desktop software, which is also known as remote access software, allows users to interact… Read More
Human resource planning is the simplest way to describe strategy for ensuring that the… Read More
