Deducting TDS comes with the responsibility of filing returns. Check your eligibility here!
Employers are required to deduct TDS on salaries paid to employees as per Section 192 of the Income Tax Act, 1961.
Businesses deduct TDS on non-salary payments like interest, rent, and professional fees based on the relevant sections.
TDS must be deducted on payments to non-residents, such as royalties and interest, under Section 195.
As per section 194IA, 194IB and 194M, Individuals or HUFs not subject to tax audit must deduct TDS on payments like rent, property sales, and contractor fees exceeding set thresholds.
Sellers and e-commerce operators are required to collect TCS on specified goods or transactions under Section 206C.
Government and local authorities are required to deduct TDS on various payments, including contracts, salaries, and interest.
Smooth TDS filingโfollow these steps for perfect compliance!
Speak to Our Experts
Submit Your Details & Documents
Preparing TDS Return
Make TDS Liability Payment
TDS Return Timely Submission
Be proactiveโPrepare these documents for seamless TDS filing
Explore our expert TDS filing deliverables, ensuring fast, accurate, and effortless compliance
Familiarize yourself with TDS return categories for accurate compliance
| Form | Applicable Payments | Frequency | General Due Date |
|---|---|---|---|
| 24Q | TDS on Salaries | Quarterly | 30 days after the quarter-end (Q4: 31st May) |
| 26Q | TDS on Non-Salary Payments | Quarterly | 30 days after the quarter-end (Q4: 31st May) |
| 27Q | TDS on Payments to Non-Residents | Quarterly | 30 days after the quarter-end (Q4: 31st May) |
| 27EQ | Tax Collected at Source (TCS) | Quarterly | 15 days after the quarter-end |
| 26QB | TDS on Sale of Property | Transaction-Based | 30 days from the end of the transaction month |
| 26QC | TDS on Rent | Monthly | 30 days from the end of the deduction month |
| 26QD | TDS on Contractors/Professionals | Monthly | 30 days from the end of the deduction month |
Understand the consequences of TDS errors: penalties, interest, and legal risks
| Consequence | Applicable Rate/Amount |
|---|---|
| Late Filing Fee | โน200 per day (maximum: TDS amount) |
| Interest for Late Deduction | 1% per month or part thereof |
| Interest for Late Deposit | 1.5% per month or part thereof |
| Penalty for Late Filing | โน10,000 to โน1,00,000 |
| Expense Disallowance | Disallowance of 30%/100% of expense, as the case maybe |
| Late issuance of TDS Certificate (15 days from the due date of filing TDS Return) | โน500 Per Day |
Let Startup Movers guide you to perfect TDS filing with expert precision!
12+ years of experience with 150+ experts guiding you every step of the way.
All-inclusive pricing with no hidden fees.
Get your TDS Returns filed efficiently and on time
From documents to compliance, we handle it all.
Join a large community of successful businesses.
Weโve helped startups grow into billion-dollar businesses.
Discover why businesses love working with us!
I had a great experience working with Startup Movers From Start to Scale. The entire process was smooth and well-organized from beginning to end. The team was responsive, professional, and very supportive throughout the move.
A special thanks to Aman Saxena, who was my point of contact during the whole process. He was extremely helpful, kept everything transparent, and ensured that everything went according to plan.
Highly recommend their services to anyone looking for a reliable and professional moving partner.
Working with Stuti Sharma at Startup-Movers has been a fantastic experience. She took complete ownership of our post-incorporation activities, guiding us through every step with clarity and professionalism. What impressed me most was her responsiveness; she was always available to answer questions and consistently stayed ahead of deadlines. Thanks to Stuti, I could focus on growing my business knowing our compliance was in expert hands.
Provided excellent support throughout my company incorporation process. Their team was professional, responsive, and made the entire procedure smooth and hassle-free. They guided me clearly at every step and handled the documentation efficiently. Special thanks to Aman Saxena for helping us out in each stages
Working with Vinit was really good experience. Very professional and he was ready to respond with the queries and updates even on holiday. That was really helpful and he guided properly regarding all the issues we faced during the process from start to end. Overall the team including Nikita was very genuine and sincere about their work.
Had a great experience working with Startup Movers, especially the incorporation process and how fast it had been for us, and after that GST was done within a day, all in all the experience was great, a big thanks to Mr. Tajamul Bhatt, who made this happen.
I really liked the service highly recommended
Had a great experience forming LLP, very professional setup, people and entire process from scratch to end was very thoroughly managed at a very reasonable costs. Would highly recommend anyone and everyone who wants to setup Pvt Ltd or LLP
Mahak did an excellent job with our startup India and compliance forms, she has been extremely informative and patient with us during this process
Need answers? Browse our FAQs for quick guidance!
The due date for filing TDS returns varies by the quarter. For instance, for the first quarter (April-June), the due date is July 31st, and for the second quarter (July-September), it's October 31stโ.
A penalty of โน200 per day is charged for every day of delay in filing TDS returns, up to the amount of the TDS payable.
If the penalty exceeds the TDS amount, the charge is capped at the TDS amount.
To pay TDS online, log in to the income tax portal, navigate to 'e-Pay Tax', and follow the steps to complete the payment.
If you realize there are errors after filing, you can correct them by filing a revised TDS return (Correction Statement) before the completion of one year from the due dateโ.
Delayed payment of TDS incurs an interest of 1.5% per month or part thereof on the overdue amount. Additionally, late filing fees are appliedโ.
You can obtain a TCS certificate (Form 27D) from the entity collecting the tax after filing their TCS return, and it is crucial for claiming tax credit and avoiding double taxation when filing your income tax returns.โ.
TAN (Tax Deduction and Collection Account Number) is a unique 10-digit alphanumeric code required by individuals or entities deducting or collecting tax at source, issued by the Income Tax Department.
A TDS refund generally takes 2 to 3 months to be processed after filing your ITR. However, delays can occur depending on the accuracy of the return and the workload of the tax department.