TDS Payment
TDS Payment is liable to be made by any assessee who has deducted TDS at the time of incurring any expenditure. The Due Date for TDS Payment is separate for Govt. and Non-Govt. assessee’s as mentioned below
Due Date for TDS Payment in case of Govt. Assessee
| S. No. | Particulars | Due Date |
| 1. | Tax Deposited without Challan | Same Day |
| 2. | Tax Deposited with Challan | 7th of next month |
| 3. | Tax on perquisites opted to be deposited by the employer | 7th of next month |
Due Date for TDS Payment in case of Non-Govt Assessee
| S. No. | Particulars | Due Date |
| 1. | Tax Deductible in March | 30th April of next year |
| 2. | Other Months and Tax opted to be deposited by the employer | 7th of next month |
Procedure is to be followed for making Payment of Tax Deducted at Source
- Visit https://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp
- Select Challan No. – ITNS 281 for TDS Payment. A Copy of the Challan has been shown herewith for your Ready Reference
tds-payment - Enter your TAN No. based on which there would be an online check on the validity of the TAN entered for TDS Payment
- If the TAN entered by the taxpayer is found to be valid, the taxpayer would be allowed to fill up other challan details like the accounting head under which the payment is to be made, name and address of TAN etc.
- On submission of the data, a confirmation screen would be displayed. If the taxpayer confirms the data entered in the challan, the page would be routed to the net-banking page of the bank as mentioned by you in the challan through which the payment is to be made.
- The Taxpayer would now be required to login to the net-banking page of the bank with the user-id and the password as allocated by the banker and make the TDS Payment
- On successful TDS Payment, a challan counterfoil would be displayed containing the Challan Identification Number (CIN), payment details and the bank name through which e-payment has been made. The counterfoil is proof of the payment being made. You can also verify the status of the challan in the “Challan Status Inquiry” on the NSDL-TIN website after a week of making the payment using the CIN so generated
- After depositing the TDS with the Income Tax Department, the Deductor shall issue a TDS Certificate in Form 16/ Form 16A on an annual/quarterly basis as may be applicable
Interest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the Tax deducted at source, he shall be liable to pay interest @1.5% for every month or every part of the month during which the amount is not deposited with the Govt. Earlier, the Interest liable to be paid was 1% but this has been increased to 1.5% pm with a view to discourage the practice of delaying the deposit of tax after deduction.
Interest @ 1.5% is liable to be paid from the date on which the TDS was deducted and not from the date the TDS was due. This can be explained with the help of an example.
