05/05/2015

TDSPaymentOnline:Procedure,DueDate&InterestonLatePayment

TDS Payment is liable to be made by any assesse who has deducted TDS at the time of incurring any
expenditure. The Due Date for TDS Payment is separate for Govt. and NonGovt. assessees as mentioned
below
DueDateforTDSPaymentincaseofGovt.Assessee
S.No.
1.
2.

Particulars
TaxDepositedwithoutChallan
TaxDepositedwithChallan

DueDate
SameDay
7thofnextmonth

3.

Taxonperquisitesoptedtobe
depositedbytheemployer

7thofnextmonth

DueDateforTDSPaymentincaseofNonGovtAssessee
S.No.
1.
2.

Particulars
TaxDeductibleinMarch

DueDate
30thAprilofnext
year
OtherMonthsandTaxoptedtobe 7thofnextmonth
depositedbytheemployer

The Assessing Officer may with the prior approval of the Joint Commissioner permit quarterly payment of
TDSasspecifiedinthetablebelow:
S.No.
1.

Quarterendson
30thJune

DueDate
7thJuly

2.

30thSeptember

7thOctober

3.

31stDecember

7thJanuary

4.

31stMarch

30thApril

ItismandatoryforallcorporateassessesandallotherassesseesliableforTaxAuditundersection44ABofthe
Income Tax Act to deposit the TDS Online. Assessees who do not fall in the above 2 categories are at the
optionofeithermakingonlinepaymentorbydepositingthesamewiththeprescribedbanks.

ProcedureforTDSPaymentOnline
ThefollowingprocedureistobefollowedformakingPaymentofTaxDeductedatSource.Itshallbenoted
that TDS Payments cannot be made without a valid TAN No. In case, you still dont have a TAN No., refer
articleonHowtoapplyforTANNo.
Visithttps://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp
SelectChallanNo.ITNS281forTDSPayment.ACopyoftheChallanhasbeenshownherewithfor
yourReadyReference

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05/05/2015

TDSPaymentOnline:Procedure,DueDate&InterestonLatePayment

EnteryourTANNo.basedonwhichtherewouldbeanonlinecheckonthevalidityoftheTANentered
forTDSPayment
IftheTANenteredbythetaxpayerisfoundtobevalid,thetaxpayerwouldbeallowedtofillupother
challan details like the accounting head under which the payment is to be made, name and address of
TANetc.
Onsubmissionofthedata,aconfirmationscreenwouldbedisplayed.Ifthetaxpayerconfirmsthedata
enteredinthechallan,thepagewouldberoutedtothenetbankingpageofthebankasmentionedbyyou
inthechallanthroughwhichthepaymentistobemade.
TheTaxpayerwouldnowberequiredtologintothenetbankingpageofthebankwiththeuseridand
thepasswordasallocatedbythebankerandmaketheTDSPayment
On successful TDS Payment, a challan counterfoil would be displayed containing the Challan
Identification Number (CIN), payment details and the bank name through which epayment has been
made.Thecounterfoilisproofofthepaymentbeingmade.Youcanalsoverifythestatusofthechallan
intheChallanStatusInquiryontheNSDLTINwebsiteafteraweekofmakingthepaymentusingthe
CINsogenerated
AfterdepositingtheTDSwiththeIncomeTaxDepartment,theDeductorshallissueaTDSCertificateinForm
16/Form16Aonanannual/quarterlybasisasmaybeapplicable
IfanyproblemencounteredattheNSDLwebsitewhileenteringnonfinancialdatathencontacttheTINCall
Center at 020 27218080 email them at etax@nsdl.co.in. If any problem encountered while entering the
financialdetailsatthenetbankingwebpageofyourbank,thenyoushouldcontactyourbankerforassistance.

InterestonLatePaymentofTDS
IncasetheassessedepositstheTDSPaymentaftertheduedateofpaymentoftheTaxdeductedatsource,he
shallbeliabletopayinterest@1.5%foreverymonthoreverypartofthemonthduringwhichtheamountis
notdepositedwiththeGovt.Earlier,theInterestliabletobepaidwas1%butthishasbeenincreasedto1.5%
pmwithaviewtodiscouragethepracticeofdelayingthedepositoftaxafterdeduction.
Interest@1.5%isliabletobepaidfromthedateonwhichtheTDSwasdeductedandnotfromthedatethe
TDSwasdue.Thiscanbeexplainedwiththehelpofanexample.
Forexample:TDSwasdeductedon25thJuneandtheduedateforTDSPaymentwas7thJuly.Theassessee
failstodeposittheTDSby7thJuly.Insuchacase,theInterestwouldbecalculatedfrom25thJuneandnot
from7thJune.

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