What is TDS

 With holding tax or Tax deduction at source means,

deduction of tax as and when the transaction takes
place i.e, when the payment is made or payable, which
ever is earlier.
 Since Government needs revenue to function, it is very
important to have a flow of revenue to meet the
expenditure. 1
 TDS Cycle
 Indentifying the transaction
 Tax deduction and remittance
 Collection of CIN/BIN (Book Identification
Number)
 Preparation of Quarterly e-TDS returns
 Uploading the e-TDS return through TIN-FC
 Issue of Form No.16/16A 2
 Identifying the transaction
 First check whether the payment made is attracts TDS
liability or not, then classify the payment into two categories
 1. Salary

 2. Non-Salary (Contract Payments, Professional Fees,

Parking lot lease etc.,)
 Note: Even payable entries(transactions) also attracts Tax
deduction at source.
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 Tax deduction and remittance
 It is the duty of the deductor (who is responsible of signing the
bills or the paying authority) to deduct income tax at the time of
payment as per the prevailing rates and make sure correctness
of the details of PAN which is submitted by the deductee/payee.
 Remittance:
 1. By Challan (No.281, for the TDS payments)
 2. By Book-adjustment (through Treasury or PAO)
 Time Limit:
 1. If the tax is to be paid by challan – 7th of the following month
 2. If the tax adjusted through Book-adjustment – same day
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 Consequences in case of failure to remit /
deduct the TDS
 Interest at the rate of 1.5% p.m, or part of the month,
from the date of deduction to the date of actual
payment, u/s 201(1A) of IT Act,1961.

 if fail to deduct TDS, interest at the rate of 1% p.m or

part of the month, from the date on which tax
deductable to the date of actual payment u/s 201(1)
of the IT Act,1961.

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 Failure to pay tax deducted at source
prosecution u/s 276B fo IT Act, 1961

 Punishable with fine and rigorous

imprisonment – minimum 03 months,
maximum 07 years.

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Payments made through Challan
 Points to remember (Very Important):

 Use correct Challan (Challan No. 281)

 Mention Correct Code of Payment viz., 92A-Salary, 94C

– Contract payment etc.,
 Enter the correct Assessment Year

 Enter the Correct TAN

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Contd.,
 Mention the Major head as 21, since the deductors
are Govt.,
 What is Assessment Year?
 A financial year starts from the month of 1st April of
the year to 31st March. Example: FY 2014-15, starts
with 01.04.2014 to 31.03.2015. for this Financial year
, the assessment year will be 2015-16, and so on.

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How to check the accuracy of the
TAN?
First check the allotment letter of TAN,
if it is not available, you can check at
www.incometaxindia.gov.in
 Failure to quote the TAN or entering the wrong TAN is
liable for penalty of Rs.10,000/- u/s 272BB of IT Act, 1961.

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Place the curser on TAN, click on “Know your TAN”, it
will take you to a new window…

Place the
curser
here Click to
verify

You can
download
challan
Enter the mandatory details (you can check by entering
name or TAN)

You can
search by
name or
entering the
TAN
 Payments made through Book-adjustment

 Points to be remembered:
 Quote correct TAN and Quantum of payment and tax
deducted thereof and submit the particulars in time at
District Treasury Office/PAO.

 On receiving of particulars, the DTO/PAO files the

monthly return in the Form no.24G which generates BIN.

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BIN (Book Identification Number)
 Based upon the details submitted by the DDOs, the
respective DTO/PAO will file Form No.24G (which is a
monthly e-TDS return).

 On successful filing of Form No.24G, a unique number

will be generated for each DDO, which is called BIN.

 This BIN need to be quote in the quarterly returns.

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 Where to get this BIN
 You can get from the respective DTO’s Office/PAO’s
Office
Or
 You can check in the income tax web site

 Navigation:
 Go to www.tdscpc.gov.in

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Select “deductor”
Click “check here to view BIN details”
Select
the
deducto
r

Click
here
It will take to the new window
Enter the necessary particulars
 Let us see how to file the e-tds
returns
 Now you all have the required details viz,
 Challan details (or) BIN details

 PAN of the deductees

 TAN particulars etc.,

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Due dates for furnishing the e-tds returns
Periodicity Govt., deductor ( who remits the Other than Govt., deductor /
tax through Book-entry) deductors who pay tax by
way of challan 281.

Q! (Quarter 1) 31st JULY 15th JULY

1st Apr – 30th Jun
Q2 (Quarter 2) 1st Jul 30th OCTOBER 15th OCTOBER
– 30th Sep

Q3 (Quarter 3) 31st JANUARY 15th JANUARY

1st Oct – 31st Dec

Q4 (Quarter 4) 15th MAY 15th MAY

1st Jan – 31st Mar

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Levy of Fee u/s 234E for the delay in
filing of e-tds returns.
 Note: u/s 234E of IT Act, 1961, the mandatory fee
@ Rs. 200/- per day from the due date to submit
the e-returns till the day of filing (restricted
maximum of tax remitted in the particular
quarter), this provision applicable to all type of
deductors including Govt., deductors.

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Prerequisite for preparation of e-tds
returns
 e-TDS RPU (Return Preparatory Utility)
software
 FVU software (File Validation Utility)
 CIN/BIN particulars
 PAN of the deductees

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 Where to get these software ?
 Go to the website of NSDL, www.tin-nsdl.com

 Click on e-tds/e-tcs filing

 Click on e-tds/e-tcs RPU

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Click
here

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Click on “download RPU version 4.0 (applicable from
June 28, 2014)”, for the earlier years version is 3.9

Click
here

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Click to download

NSDL RPU

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Clliic
ck to
SAVE

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Click to install
RPU

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After installing the software, the screen will appear as
follows,

Click to run
RPU

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Click on the button “RPU, RPU 4.0, NSDL”, the screen
will appear as shown below.

Select,
24Q – Salary,
26Q – Non Salary,
27EQ – TCS.

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Contd.,

SSelect
“Regular” for
new/fresh return

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Select Enter FY
Quarter

Enter all
Particulars
with out fail

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 Click, if the
particulars are
same as above
Select YES, if
you filed
Mention the 15 regular return,
digit number of earlier.
the earlier
regular return
Click, to enter the
challan/BIN details
Clic
k
ente here, t
r o
cha the no
ll .
vou an/Tran of
che
r de sfer
tails
Enter the no. of
rows/challans to be
entered

Click OK, after

entering the
no. of rows
 Late fee u/s
234E has to be
Select section entered under
code, as per the “FEE”
the nature of column
payment
 Enter the BIN
particulars Click “YES”, if
the TAX is
Enter 07 digit paid through
BIN no., Treasury
Select “200”, for normal
received from
TDS payments or “400”, for
the Treasury
demand raised by the IT
Dept.,
Don’t leave any ‘AMOUNT’
column blank, enter “0” if not
applicable.
Click here to
enter the
deductee Click here to
details enter the no.of
rows required
 Enter the
Select the
Follow the “HELP” serial no. of
challan no. to
guidelines to map the the deductee
which the
challans , carefully.
deductee is to
be mapped
 After saving
the file, click
on “create
After preparing file”, to create
For opening the and validate
the return, SAVE
previous saved the TDS/TCS
for future
file, press OPEN statement
references
Now the final step – “validating the statement”

Import .csi downloaded from the

‘challan status enquiry’ from TIN
website.

After selecting the path Select the path

where .fvu & Form no.27A where .fvu file and
is to be saved, click on Form no.27A is to
validate button. be generated
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How to download .csi file from the TIN website

After entering the

NSDL website,
click “challan
status enquiry”,
this window wil
Select the “TAN
appear
Based view”, it will
lead you to a new
window.

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Enter the TAN

Enter the period to

fetch all the challans
paid during that
period.
On successful passing the validations, .fvu file

and Form no. 27A will be generated on the system

with suffix of “.fvu”, copy these files on a CD / Pen

drive and submit these to any near by TIN-FC (TIN

facilitation centers) after paying a nominal fee, as

prescribed.
Let us see how to view “Individual
Tax Credit” in Form No.26AS and
how to e-file the “Individual
Income-tax return”
After entering the
website of
“www.incometaxin
diaefiling.gov.in

If you are
registered user
then click “log in “
If you are registered user,
enter PAN, Password &
DOB

If you are not

registered earlier,
click here
After filling up the necessary details viz., PAN , Status,
Mobile No. and e-mail ID, your “ID & Password “ will be
created . By which you can view ‘Tax credit’ & file
‘individual return of income’ online.
After log-in , to submit
Return of Income, click
here

Click here, to view

your ‘tax credit’

You can calculate

your tax here.
 Click here, to view
your ‘tax credit’
After selecting view form
26AS, this window will
appear
Click here, to view
your ‘tax credit’
 Select PDF, HTML,
whatever the view you
required

Enter the
Assessment year
The TDS deducted
from the salary
can view here

One can view TAX

paid other than
TDS mode
How to download Form No. 16 &
Form No.16A (for the Tax
deductors only)
Go to
www.tdscpc.gov.in
 Some useful websites/links
 www.incometaxindia.gov.in- To view TAN&PAN,to
download Challan and other circulars etc.,

 www.incometaxindiaefiling.gov.in-to submit
individual return of income, to view tax credit, to
view demand raised and sent by the IT Dept., etc.

 www.tin-nsdl.com-to download e-tds RPU, FVU and

challan status report and other related information.
 www.tdscpc.gov.in-to download Form No.16/16A and
justification reports etc., 56
 List of TIN-FCs in Dindigul District

 1. Religare Securities Limited – No.9/111C, LGB

Compund, Mengles Road, Dindigul -1.

 2. Integrated Registry Services Limited – No.24/51,

New Agraharam, Palani Road, Dindigul – 1.

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THANK YOU

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