How to Make TDS Payment Online/Offline?
Tax Deducted at Source is part of income tax. It is deducted during specific payments such as rent and commission by a deductor.
As a taxpayer, you need to remit this deducted amount to the government. Timely payment of TDS is essential to avoid penalties. You can opt for both online and offline procedures to pay this tax.
Continue reading to know more about this TDS payment online process and other vital details.
How to Make TDS Payment Online?
Follow the steps mentioned below to pay your TDS online and offline -
Step 1: Visit the official website of NSDL. Select "Click to pay tax online".
Step 2: Click on "Proceed" under "TDS/TCS Challan NO /ITNS281".
Step 3: You will be redirected to a page of "Challan No./ITNS 281". Fill in the mandatory fields such as assessment year, payment type and TAN. Enter the captcha and submit. If your TAN is valid, your full name as a taxpayer will appear on the screen.
Step 4: Once you confirm all information, you will be redirected to the net banking page. Here, log in with your existing net banking credentials to deposit TDS online.
After successful online TDS payment, a challan will be generated. This challan summarises the Corporate Identity Number, bank and payment details. Keep this carefully for future reference.
How to Make TDS Payment Offline?
How to Check TDS Payment Status?
If you are wondering "how to check TDS payment status online", follow the simple steps mentioned below -
Step 1: Visit the official website of NSDL. Select CIN or TAN-based view based on your requirement.
Step 2: In the case of CIN, enter the following information:
- BSR Code of the collecting branch
- Serial number of challan
- Deposit date of challan
- Amount
Enter the verification code and select "View". You can view the following information -
- Serial number of a challan
- BSR code and deposit date of the challan
- Major Head Code and description
- PAN/TAN
- Receipt date as per TIN
- Tax amount
- Your name as a taxpayer
Step 3: In the case of TAN, TAN and challan deposit date. Enter the verification code and click "View Challan Details". You can view the following details -
- Major and Minor head code with description
- Type of payment
- CIN
You can download the TDS challan file. This file is used to verify details of quarterly TDS payments.
Alternate Way to Check TDS Payment Online
Here are 3 steps to check payment status on the e-Filing website -
- Visit the official e-Filing website of the Income Tax Department.
- New users must register to this portal. If you are already a registered member, log on with your credentials.
- Navigate to the "My Account" option. Select "View Form 26AS".
- Select the year and PDF format to download the file. Enter your date of birth to open the password-protected file.
You can also use the net banking option to check your TDS payment status. However, you must link your PAN to the net banking portal to view it.
What are TDS Payment Due Date?
You must pay TDS to the government by the 7th month of a subsequent month. For example, if TDS is deducted in June, you must pay TDS by 7th July. Note the following deadlines to pay your TDS amount -
Dues Dates Applicable for Government Assessees
Type of Transaction | TDS Payment Due dates |
---|---|
Payment of TDS without challan | On the day TDS is deducted |
Payment of TDS with challan | 7th of a subsequent month |
Tax remittance by an employer | 7th of a subsequent month |
Type of Transaction | TDS Payment Due dates |
---|---|
TDS deducted during March | 30th April of a given financial year |
TDS deducted during other months | 7th of a subsequent month |
What Happens Due to Late Payment of TDS?
In case of late payment of TDS, you need to pay the following penalties -
Type of Default Section 201 (1A) | Interest on Late Payment of TDS | Period of Interest Payment |
No deduction of TDS(fully or partly during transaction time) | 1% per month | The interest rate is charged from the deduction date to the date on which the tax is deducted. |
Non-payment of tax after deduction of TDS | Monthly or part payment of 1.5% or 0.75%. | The payable interest is calculated from the deduction date to the date you paid TDS. |
To simplify it, let’s consider an example:
Payable TDS amount | ₹5000 |
---|---|
Due date to deposit TDS | 13th January |
You paid the TDS amount | 17th January |
Interest payable for late payment of TDS | 1.5% per monthx₹5,000 = ₹375 |
In case TDS Payment After 1 month from the TDS Deposit Date
Month in which TDS is deducted | 1st August |
---|---|
Due date to deposit TDS | 7th September |
You paid due tax | 8th September |
The payable interest rate is applicable for 2 months | 1st August to 8th September |
Interest payable for late payment of TDS | 2 months x 1.5% per month = 3% |
Additional Fees for Non-Payment of TDS
- Section 276B
In addition to these interest payments, if a taxpayer fails to remit the deducted amount to the government, he/she is liable to face imprisonment. The term of imprisonment is not less than 3 months. This may extend up to 7 years along with a penalty payment.
- Section 234E
You need to pay ₹200/day till you fail to pay TDS. The penalty should not exceed the TDS amount which is to be filed.
How to Pay TDS Outstanding Amount?
Go through the below-mentioned steps to know how to pay interest on late payment of TDS online:
- Log in to the "TRACES" portal. Download the "Justification Report" to view your outstanding TDS amount.
- Use challan 281 and complete payment of outstanding TDS amount.
TDS is a mandatory payment. Hence to avoid complications opt for TDS payment online. This will help you to skip the bank queue to submit TDS challan.
FAQs about How to Make TDS Payment Online/Offline
Who is eligible to pay TDS online?
Any corporate and government collectors or deductors are eligible to pay TDS online.