Tax Deducted at Source Filings
Starting at INR 499 onwards
Tax Deducted at Source
Tax Deducted at Source (TDS) is a tax mechanism introduced by Income Tax Department, where a payer responsible for the payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment. As the name suggests, TDS is a Tax that is deducted from its source. Tax Deducted at Source or TDS is a measure initiated by The Government of India in order to collect indirect Taxes, as per the Income Tax Act, 1961. TDS that comes under IRS (Indian Revenue Service) is directly managed by CBDT (The Central Board of Direct taxes).The primary motive behind collecting TDS is to keep the revenue source stable for the Government throughout the year. It also prevents the people from evading taxes. TDS is mandatory for all those who fall under the Tax Audit Bracket. Failing to comply with TDS Compliances may attract heavy penalty, interests and fees.
How long will it take?
Upload Transaction Details
One Days
Drafting Forms
Two Days
Filing Returns
One Day
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Frequently asked Questions
TAN Mandatory
Every business deducting amount at source shall mandatorily hold TAN and shall quote the same in all related documents like TDS certificate, returns etc
Due Date of deposit
Amount deducted shall be paid to the authorized account of the central government by 7th Day of next month via Challan no 291
Due date of filing
You must file your TDS returns by 15th of July, October, January, and May; defaulting the same can attract heavy penalties.