What Is The Due Date For TDS Payment Through Challan?

New to paying taxes? Trying to figure out how to make TDS payment through Challan? We got you covered! In this article, our experts will run you down on everything you need to know about due dates for TDS payments, the procedure to make TDS payments and the consequences of non-compliance.

Tax Deduction at Source (TDS) is a form of taxation where a portion of the amount payable gets deducted and remitted to the government upon payment. Since TDS payments can be made online, this system is exceptionally accessible and sustainable, making it easier for people to pay their tax on time. 

TDS deductions are generally made upon payment of salaries, rents, commissions, or even interest in some cases. The person/organization who makes these payments called the deductor is responsible for deducting the TDS amount from the payment to the deductee and paying the balance owed. 

In this article, we will take a quick look at everything you need to know about online TDS payments and the TDS payment due date you need to keep in mind.

Glossary

1. How to Make Online TDS Payment
2. What is the TDS Payment Due Date?
3. What are the TDS Payments Interest Rates?
4. Things to Know About Online TDS Payment

How to Make Online TDS Payment?

2. First and foremost, the user must visit the official portal of the NSDL (National Securities Depository Ltd.) to make the e-payment.
3. From the homepage, users should choose the ‘TDS/TCS>>Challan No>>ITNS 281’ option. On doing so, you will be redirected to a subsequent page to make the e-payment.
4. On the next page, you will be asked to provide the details of your TDS payment challan.
5. If the deduction occurs while making a payment from a company, choose the Company Deductee option, else you may go with the Non-Company Deductees option. 
6. The other details you have to provide include TAN (Tax Deduction/Collection Account Number), assessment year, state, PIN (Postal Index Number) code and nature/mode of payment.
7. After the details have been verified, you may click on the ‘Submit’ button. 
8. If your TAN is valid, you will see a confirmation screen with all your details on it.
9. Confirm the data on that screen to go to the net banking page to make the e-payment.
10. After you make the payment, you will receive a TDS payment challan containing a CIN (Corporate Identification Number) and other e-payment details. 

Things to Know About Online TDS Payment

1. As per Section 203A of the Indian Income Tax Act, individuals must have a TAN to make TDS payments and file TDS returns. If you do not have a TAN, you can apply for one by filing Form 49B online. 
2. Since errors in the TDS payment challan leads to the deductee not being able to claim credit for the same, corrections may be made using the TRACES (TDS Reconciliation Analysis and Correction Enabling System) website. 
3. To view your TDS payment status, you can visit the TIN-NSDL websites and monitor your challan status. Checking your TDS payment status can be done either through the TAN or CIN view. While in the former, your TAN is used as the identification number, and the latter uses your CIN number to find your TDS payment challan.
4. If you wish to generate a ‘NIL TDS’ payment challan, you must fill all the amount columns with zeros and leave your DD number column blank. 
5. Additionally, if you do not deposit your online TDS payment, you will have to pay late filing fees. Further, if you miss your payment deadline, you will have to pay an extra TDS payment interest
6. Moreover, note that if you do not file any TDS return even a year after payment, you will face severe penalties.  

What is the TDS Payment Due Date?

Month	Due Date
April	7th May
May	7th June
June	7th July
July	7th August
August	7th September
September	7th October
October	7th November
November	7th December
December	7th January
January	7th February
February	7th March
March	30th April

What are the TDS Payment Interest Rates?

As per Section 234(E) of the Indian Income Tax Act, late filing fees for returns become applicable at a rate of ₹200 for every day past the due date. The late fees continue until it equals the TDS payment amount. Moreover, as per Section 201(A) of the Income Tax Act, individuals will have to pay extra interest on the amount to be paid if they make their TDS deposit after the due date. 

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Read more:

• List of Technical Services Under Section 194J
• How to Calculate Tds on Professional Fees
• Tds on Technical Services