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TDS Return Filing
Online & Hassle-Free

TDS Return Filing is mandatory compliance under the Income Tax Act 1961. Entities liable to deduct TDS must file quarterly returns online, furnishing tax deductions (TDS) and payments. We help in timely and accurate TDS filing, ensuring compliance with income tax regulations and avoiding penalties.

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Simple & Transparent Pricing!

At Setindiabiz, we offer transparent and simple pricing. Our TDS Return Filing services are available with straightforward pricing and are ideally suitable for small businesses and startups in India. Whether you're an individual, business, or organisation, we provide competitive rates with no hidden charges. Check out our competitive rates below and enjoy hassle-free compliance with zero surprises!

Basic PackStandardAnnual

Basic TDS Return Pack

What's Included :

  • Upto 10 Deductee
  • One Quarter Covered
  • Form 24Q/26Q
  • Turnaround Time: 2-3 Days
  • Online Process
  • Data in Excel Required
₹1,499/-
Per Quarter

Note : GST and other government charges apply as per actuals. Custom quotes are available for complex cases.

Key Features of TDS Return Filing

Filing TDS returns accurately and on time ensures compliance with tax laws, prevents penalties, and helps businesses manage tax deductions efficiently. Understanding the key aspects of TDS return filing simplifies the process and enables smooth financial operations. Below are the essential features:

TDS e-filing is mandatory

TDS e-filing is mandatory

E-filing of TDS returns is mandatory under income tax. setindiabiz offers a seamless and efficient online TDS Return Filing process that meets all regulatory requirements.

Quarterly TDS Returns

Quarterly TDS Returns

TDS return filing is quarterly compliance that must be filed within its due date. Failing this, the defaulting taxpayer will have to pay a penalty for late filing, which is avoidable with little prudence.

TDS Return Preparation

TDS Return Preparation

The team at setindiabiz helps calculate TDS accurately and prepare the TDS Returns properly before submission to minimise errors and the likelihood of receiving notices from tax authorities.

Prompt TDS Return Filing

Prompt TDS Return Filing

TDS Returns are reconciliation statements of the TDS due to be paid to the Income Tax Department and the TDS Paid challans. We ensure that the TDS returns are filed within their due date.

Applicability of TDS Return Filing

TDS return filing applies to different types of payments, including salary and non-salary transactions. The type of return depends on the type of payment and the category of the deductee. Below are the different types of TDS returns and their applicability:

1

Salary TDS Returns (Form 24Q)

Applicable to employers who deduct TDS from employee salaries. This return is filed quarterly and includes details of salary payments and deductions.

2

Non-Salary TDS Returns (Form 26Q)

The 26Q TDS Return form is Used for reporting TDS deductions on payments other than salaries, such as TDS deducted on professional fees, rent, commission, and contractual payments.

3

TDS on Non-Resident Payments (Form 27Q)

Filed for TDS deducted on payments made to non-resident individuals and foreign companies. This return covers interest, royalty, technical service fees, and other specified expenses/payments.

4

Tax Collected at Source (TCS) Return (Form 27EQ)

Applicable for entities that collect tax at source under Section 206C of the Income Tax Act. This form is used to report collections from specified transactions such as alcohol, tendu leaves, and scrap sales.

Difference Between TDS and TCS Return Filing

While both TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) involve tax collection at the source, they serve different purposes and have distinct compliance requirements. Below is a comparison between TDS and TCS return filing:

S.No FeatureTDSTCS
1.Who deducts/collects?Deductor (payer)Collector (seller)
2.When is it applicable?When making payments like salaries, rent, professional fees, etc.When selling specific goods like scrap, minerals, tendu leaves, high-value cars, jewellery, and other specified goods.
3.Forms used for return filing
  • Form 24Q (Salary TDS)
  • Form 26Q (Non-Salary TDS)
  • Form 27Q (NRI TDS)
Form 27EQ
4.Due dates for filing returnsQuarterly - 31st July, 31st October, 31st January, and 31st MayQuarterly - 15th July, 15th October, 15th January, and 15th May
5.Issuance of certificateForm 16/16AForm 27D

Documents Required For TDS Return

For TDS Return filing, you must provide supporting information and documents for cross-verification of the details of the transactions, the TDS amount deducted, and the payment of TDS details. Following is an indicative list of key documents required for TDS return filing:

  • 1. TAN & PAN of deductor and deductee
  • 2. Salary details (for Form 24Q)
  • 3. Transaction details for other deductions
  • 4. TDS Challans with payment details
  • 5. Transaction details for other deductions

Timeline & Due Dates

Filing TDS returns within the stipulated due dates is crucial to avoid penalties in the form of late filing fees and, in some cases, prosecution of the responsible person for non-compliance. We ensure the timely filing of applicable TDS returns every quarter. Below are the deadlines:

Quarter Period Due DateIssue Form 16/16A
Q1April - June31st July15th August
Q2July - September31st October15th November
Q3October - December31st January15th February
Q4January - March31st May15th June

Penalty for Non-Compliance

In case you missed filing any of the quarterly TDS returns, whether it is for salaried deductee or non-salary deductee, you can still file the belated TDS Return with a late filing fee of Rs. 200 for every day of delay under section 234E of the Income Tax Act, 1961. However, the late penalty fee can not exceed that quarter's TDS amount. Further, under section 271H, you may also be liable for a penalty ranging from Rs. 10,000 to Rs. 1,00,000 or prosecution in a separately initiated proceeding by the TDS department.

Stepwise Process for TDS Returns Filing

Step - 1

Obtain TAN - Essential for TDS Deduction

TAN is the abbreviated form of Tax Deduction and Collection Account Number, a unique 10-digit alphanumeric number. Every person responsible for TDS detection and return filing must obtain a TAN, which is a prerequisite for TDS deposit and subsequent TDS Return filing.

Step - 2

Deduct TDS Before Processing Payments

TDS should be deducted at the applicable rates when making payments, such as salaries (Section 192), contractor fees (Section 194C), and professional fees (Section 194J). Ensuring that tax is deducted correctly according to the government-prescribed rates is crucial.

Step - 3

Deposit TDS to the Government on Time

Once deducted, the TDS amount must be deposited with the government through Challan ITNS 281 before the deadline. The due date for TDS payment is the 7th of the following month for most payments, while for March deductions, the due date is April 30th. Failure to deposit TDS on time attracts interest under Section 201(1A) at the rate of 1.5% per month (or part of the month) on the deducted amount from the date of deduction until the date of deposit.

Step - 4

Prepare TDS Return with Correct Forms

Use the appropriate TDS return form based on the nature of the payment—Form 24Q for salaries, 26Q for non-salary payments, 27Q for payments to NRIs, and 27EQ for tax collected at source.

Step - 5

Validate and Upload TDS Return on TRACES

Before uploading, the return file must be validated using the File Validation Utility (FVU). The validated return is then submitted to the TRACES portal for processing.

Step - 6

Download the TDS Certificate for Proof of Compliance

After successfully processing the return, download Form 16/16A from TRACES and issue it to deductees as proof of tax deduction and payment.

Form 16 & Form 16A - TDS Certificates

TDS certificates are essential documents proving tax deductions by an employer or deductor on behalf of the taxpayer. Form 16 and Form 16A are the two primary certificates issued for salary and non-salary TDS deductions, respectively. These forms help taxpayers claim tax credits while filing their Income Tax Returns (ITR). Below is a comparison of the two forms:

S.No FeatureForm 16Form 16A
1.ApplicabilityIssued for TDS deducted on salary incomeIssued for TDS deducted on non-salary income (e.g., professional fees, rent, commission)
2.Issued ByEmployerDeductor (Bank, Firm, or Entity making non-salary payments)
3.Sections CoveredSection 192Sections 194, 194A, 194C, 194J, etc.
4.ComponentsPart A: Details of TDS deposited;
Part B: Salary breakup, deductions & exemptions		Contains details of TDS deducted and deposited but no salary breakup
5.Issuance Due Date15th June of the following financial yearQuarterly, within 15 days of filing the TDS return

Frequently Asked Questions