How to Check TDS Status Online

What Is TDS?

TDS is the tax that is deducted at source by the person who is responsible for making payment to the payee. The amount of tax so deducted is required to be remitted to the credit of the Central Government within a prescribed time. The liability of paying TDS arises when the amount payable (including any other sum chargeable on account of salary) to an employee exceeds ₹2,50,000 in a financial year.

Why Is It Important to Check Your TDS Status

It is important to check your TDS status because it can help you determine whether or not you are required to pay taxes on your income. If your TDS status is verified then you are not required to pay taxes, but if it is unverified then you may be required to pay taxes. Checking your TDS status is a good way to avoid paying taxes that you may not owe.

How to Check Your TDS Status Online in India

• Log in to the Income Tax e-filing website with your user ID, password and date of birth or PAN.
• On the left-hand side of the page, under the ‘My Account’ tab, click on ‘View Returns/Forms’.
• Select the relevant Assessment Year and click on ‘Submit’.
• On the next page, select ‘Income Tax Return form - ITR (For Refund)’ from the drop-down menu and click on ‘Submit’ again.
• Now, select the mode of filing as ‘Electronic Verification Code (EVC)’ or Digital Signature Certificate (DSC)'. If you do not have either of these, then you will have to generate an EVC by providing your registered mobile number and email ID.
• Once you log in using EVC or DSC, go to the main menu and select ‘Refund/Demand Status’ under the heading ‘Compliance’.

What to Do if You Find an Error in Your TDS Status

If you find an error in your TDS status, there are a few things you can do to rectify the situation.

First, check the PAN number and name on the website to make sure they match the ones on your TDS certificate. If they don't, contact the deductor and ask them to update the information.

Next, check the assessment year and financial year on the website. The assessment year is the year in which your taxes are assessed, and the financial year is the year in which you earned the income. If these don't match up, again, contact the deductor and ask for them to be corrected.

What Is TDS Returns

In India, TDS is deducted by the employer from an employee's salary at the time of payment. The amount of TDS deducted depends on the employee's income tax slab rate. TDS returns are filed quarterly by the employer with the Income Tax Department.

An employer must deposit the TDS amount with the government within a specified time period. If an employer doesn't deposit the TDS amount or files the return late, then they will have to pay interest and penalties.

Employees can check their TDS status online using their PAN number.

Procedure for Checking TDS Returns Status via PAN Card

It is very simple to check the status of your TDS return online by using your PAN card number. You can follow the steps given below:

• Visit the official website of the Income Tax Department of India
• On the homepage, click on 'Login Here' and enter your user ID, password and date of birth/incorporation.
• After logging in, go to 'My Account' and click on 'View Returns/Forms'.
• Select 'Income Tax Return Form' from the drop-down menu and select the assessment year for which you want to check the status of your TDS return.
• The next page will show you the status of your TDS return along with other details such as filing date, verification status, etc.

Procedure to Check TDS Status via Form 26AS

Form 26AS is a statement that shows the summary of all the taxes that have been deducted from your income by your employer or any other deductor. This statement also includes the taxes that you have paid yourself, such as advance tax and self-assessment tax. It is important to check your Form 26AS regularly to ensure that the taxes deducted from your income are deposited with the Income Tax Department.

The procedure to check your TDS status via Form 26AS is as follows:

• Log in to your account on the Income Tax e-filing website
• Click on 'My Account' and then 'View Form 26AS (Tax Credit Statement)'
• Select the financial year for which you want to view your TDS status.
• You will be able to see your Form 26AS in PDF format. Download and save it for future reference.'

Procedure to Check TDS Returns Status Through Net Banking

• Login to your net banking account with the appropriate credentials.
• Look for the 'TDS' or 'Tax' section and click on it.
• Select 'Returns' from the options available.
• Choose the assessment year for which you want to check the status of your TDS return.
• A page displaying the status of your TDS return will be displayed on the screen.

TDS Status on the TDSCPC Portal

To check your TDS status on the TDSCPC portal, follow these steps:

1. Go to the TDSCPC portal website: https://www.tdscpc.gov.in/

2. Click on the "TDS Status" tab.

3. Enter your PAN number and click on "Submit".

You will be able to see the following information on your TDS status:

• Total TDS deducted
• TDS deducted for each type of income
• TDS deposited with the government
• TDS credit is available for you

TDS Status through the Income Tax e-Filing Portal

To check your TDS status through the Income Tax e-Filing portal, follow these steps:

1. Go to the Income Tax e-Filing website: https://www.incometax.gov.in/

2. Login to your account.

3. Click on the "TDS/TCS" tab.

4. Click on the "TDS Status" link.

You will be able to see the same information on your TDS status as you can on the TDSCPC portal.

Details Included in your TRACES Form No.26AS TDS Statement

The TRACES Form No.26AS TDS statement includes the following details:

• PAN number of the deductee
• Name of the deductee
• Total TDS deducted
• TDS deducted for each type of income
• TDS deposited with the government
• TDS credit is available for you

How and When is TDS Filed by the Deductor?

The deductor is required to file TDS returns with the Income Tax Department on a quarterly basis. The due dates for filing TDS returns are as follows:

• Quarter ending March: 31 May
• Quarter ending June: 30 September
• Quarter ending September: 31 December
• Quarter ending December: 31 March

The TDS return must be filed online through the TRACES portal.

What is a TDS Certificate?

A TDS certificate is a document issued by the deductor to the deductee. It shows the amount of TDS that has been deducted from the deductee's income during a financial year.

TDS certificates are important for taxpayers because they can be used to claim a tax credit for the TDS that has been deducted.

There are two types of TDS certificates:

• Form 16: This is issued to salaried employees.
• Form 16A: This is issued to taxpayers who have received TDS on non-salary payments.

TDS certificates can be obtained from the deductor or downloaded from the TRACES portal.

Why Vakilsearch?

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