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Tax Deducted at Source or TDS is one of the ways by which Government of India collects tax from the citizens of the country. TDS is generally deducted at the time of making a payment to the taxpayer. The TDS deductor is supposed to file a quarterly return. Our plan will provide you all the services that you would require to file your TDS Return.
Form 24Q is supposed to be filed quarterly by those who wish to file TDS Return. It contains the particulars of your salary payments and the tax deductions.
Form 26Q is a statement of tax that is deducted on all payments other than salary. These payments include interest on securities, dividend, prize money from lottery, puzzles or horse races, rent, fees for professional or technical services, etc.
Employers or Organizations that make specific payments are supposed to file TDS Return.
QUARTER | PERIOD | DUE DATE |
1st Quarter | 1st April – 30th June | 31st July |
2nd Quarter | 1st July – 30th September | 31st October |
3rd Quarter | 1st October – 31st December | 31st January |
4th Quarter | 1st January – 31st March | 31st May |
Form 16 is also known as TDS certificate, it is a form that is provided to a salaried taxpayer by the employer or the TDS deductor. Form 16 is divided into Part A and Part B, it is generally used to file Income Tax Return, as it contains all the details of taxpayer’s salary and TDS.
Month of Deduction | Quarter Ending For Return Filing | Due Date for TDS Payment through Challan | |
---|---|---|---|
Govt. Deductor | Other Deductor | ||
April | 30th | 7th May | |
May | 7th June | ||
June | 7th July | ||
July | 30th September | 7th August | |
August | 7th September | ||
September | 7th October | ||
October | 31st December | 7th November | |
November | 7th December | ||
December | 7th January | ||
January | 31st March | 7th February | |
February | 7th March | ||
March | 7th April | 30th April |
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