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TDS Return Filing | Types of TDS Returns | Online Filing


Get tds return filing online service. File income tax return with an experts from Taxolawgy. Know penalty for non-filing of TDS return – PowerPoint PPT presentation

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Title: TDS Return Filing | Types of TDS Returns | Online Filing

  • Justice for All!
  • Legal Financial Taxation

About Us
  • Taxolawgy is an online marketplace for providing
    highest quality of Legal and Financial services
    in the most transparent environment at affordable
    rates, while opening global business
    opportunities for experts like Advocates, CA, CS,

What is TDS?
  • Tax deducted at source (TDS) is basically a
    system where tax is deducted as per the
    provisions of Income Tax Act 1961 at the point of
    generation of income. A TDS Return is a quarterly
    statement which has to be submitted to the income
    tax department of India. It is compulsory to be
    filed on time.  

Who should file a TDS return?
  • Its duty of every person who is making payment
    for specified goods services to deduct TDS and
    file TDS return. The specified payment includes
    commission, salary, interest, professional fees,
    brokerage, royalty, contract payments etc. The
    person whose tax is being deducted is called
    deductee and the person who deducts TDS is
    called deductor.  

Benefits of filing TDS return
  • Some of the benefits are as follows
  • Assists in regular collections of taxes
  • Ensures to the government a regular flow of
  • Reduces the burden of paying a heavy tax

Documents required to file TDS
  • The following documents are required Aadhar Card
  • Salary Slips
  • Interest certificates from bank and post offices 
  • FORM 16
  • FORM 16A/FORM 16B/FORM 16C
  • FORM 26AS
  • Tax saving investment proof
  • Deductions under section 80D TO 80U
  • Home loan statement from banks/NBFC
  • Capital Gains

Eligibility criteria for TDS return
  • TDS return can be filed by organizations or
    employers who avail a valid TAN (Tax Collection
    and Deduction Account Number). Any person making
    specified payment as mentioned under Income Tax -
    IT Act are required to deduct tax at source and
    needs to deposit the same within the prescribed
    time for following payments.
  • Payment of salary
  • Payment by way of winning puzzles, lotteries etc.
  • Income by way of winning horse races
  • Insurance commission 
  • Payment as per National Saving Scheme and other

Types of TDS Returns
  • The different types of TDS are as follows
  • Form 24Q- The TDS deducted on salaries
  • Form 26Q The TDS deducted on payments other
    than salaries
  • Form 27Q- The TDS deducted on payments made to
    Non- Residents 
  • Form 27EQ TCS

TDS Rates for TDS Returns
The rates at which the TDS can be deducted for
TDS returns are provided below in the government
website link which we have attached specially for
the purpose https//
Tax deduction and collection account number)
What is TAN?
  • TAN is a 10-digit alphanumeric number which is
    required by a person who is liable to deduct TDS
    and file TDS return. This number is provided so
    that it can be mentioned in all TDS Certificates
    issued, returns, challans etc. If a person does
    not apply for TAN, he may be penalised up to Rs.
  • Who is required to issue TDS certificates?

Every person who is deducting tax as per
provisions of section 203 is required to issue a
TDS certificate. Even banks and other such
organizations deducting TDS on pensions issue TDS
  • Penalty, in case of delay in filing TDS return
  • According to section 234E, a penalty of Rs 200/-
    per day shall be paid by the person until the
    time default continues. It is to be noted that
    the total penalty should not exceed the TDS
  • Penalty for non-filing of TDS return
  • If the return is not filed within 1 year from the
    due date or if incorrect information has been
    furnished it shall be liable to a fine (penalty).
    The minimum amount of penalty should be Rs
    10,000/- and the maximum is Rs 1,00,000/-.

How to file TDS?
  • Below are the few steps you need to follow
  • Visit website
    etds-rpu.html You can find the file format in
    which e-TDS return is to be prepared. 
  • The TDS return is to be prepared in accordance
    with the format in clean text ASCII format and
    txt extension for filename.
  • The file made needs to be scrutinised for being
    free from errors. FVU (file validation utility)
    provided by NSDL assists in rectifying the errors
    and verifying the same.
  • The finalised generated FVU file can be then
    submitted or uploaded at
    .in website

How Taxolawgy can help you file TDS Returns?
  • Connects you with quality experts
  • Provides you with the best services at affordable
  • Ensures 100 Transparency i.e. no hidden costs
    or additional fees
  • Maximizes ease via online services
  • Reduces service timeline through minimum paperwork

  • Hope you liked it!
  • To know more about our legal, financial
    taxation services write to us at