TDS RETURN

TDS is the abbreviation for tax deducted at Source. A Company or any person making payment is required to deduct tax at Source if the payment exceeds the prescribed threshold limit. The Income-tax Department of our country decides the rate at which the TDS will be deducted. The entity/ individual which deducts the said amount is termed as Deductor, and the person whose tax is deducted is termed as Deductee. It becomes the responsibility of the Deductor to deduct the TDS before making the payment and deposit it to the government. With Consultcalive, TDS Return filing becomes easy as we have the Auto-PAN bulk verification to avoid chances of errors in your TDS returns.

Categories under Which TDS return is Filed in The Case of Individuals and Businesses?

The employer in a company has a valid TAN (Tax Collection and Deduction Account Number) through which they can file for TDS Return. The payment categories under which TDS Return is filed in case of individuals and businesses are:

The assesses needs to file the penalty for delay within the due date. The categories under which there is eligibility to file the TDS Return every quarter are electronically:

Benefits of Filing The TDS Return

According to the Income Tax Act 1961, filing TDS Return is mandatory for an individual or any business entity.

Documents Required For Filing the TDS Return

Procedure For Filing The TDS Return

The TDS Return filing contains the details of total TDS deducted and the amount deposited by Deductor, TAN/PAN of the Deductor and Deductee, challan information etc.

Due Date For Filing The TDS Return

Though the TDS Return can be filed online, there is a due date for each quarterly submission. For the year 2019-20,

Quarter

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

Quarter Period

1st April to 30th June

1st July to 30th September

1st October to 31st December

1st January to 31st March

Last date of filing

31st July

31st July

31st January

31st May

Quarter

Quarter Period

Last date of filing

First Quarter

1st April to 30th June

31st July

Second Quarter

1st July to 30th September

31st July

Third Quarter

1st October to 31st December

31st January

Fourth Quarter

1st January to 31st March

31st May

TDS Return Filing and Issue of Form 16

Packages

Basic Package

(Annual Service Charge)

Rs 5999 (All inclusive)*
  • TDS Return Filing
  • Issue of Form 16
  • Upto 25 customers

Silver Package

(Annual Service Charge)

Rs 7999 (All inclusive)*
  • TDS Return Filing
  • Issue of Form 16
  • 25 to 50 Customers

Golden Package

(Service Charge)

Rs 11999 (All inclusive)*
  • TDS Return Filing
  • Issue of Form 16
  • 50 – 100 Customers

Basic Package

(Annual Service Charge)

Rs 5999 (All inclusive)*
  • TDS Return Filing
  • Issue of Form 16
  • Upto 25 customers

Silver Package

(Annual Service Charge)

Rs 7999 (All inclusive)*
  • TDS Return Filing
  • Issue of Form 16
  • 25 to 50 Customers

Golden Package

(Service Charge)

Rs 11999 (All inclusive)*
  • TDS Return Filing
  • Issue of Form 16
  • 50 – 100 Customers