{"id":146,"date":"2020-12-11T10:58:30","date_gmt":"2020-12-11T10:58:30","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=146"},"modified":"2020-12-11T11:12:35","modified_gmt":"2020-12-11T11:12:35","slug":"online-tds-payment-concept-and-process-to-file","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/","title":{"rendered":"Online TDS Payment: A Guide on the Concept &#038; Process to File"},"content":{"rendered":"\n<p class=\"has-drop-cap\">In India, the term \u201cOnline TDS Payment\u201d denotes the process of paying tax at the point of origin of Income. It is regulated by the provisions of the Income Tax Act 1961. Further, the parties involved are known as Deductor and Deductee.<\/p>\n\n\n\n<p>In this blog, we will discuss the\nconcept, applicability, reasons for implementation, and procedure to file\nonline TDS Payment.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4da9eca2b06\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4da9eca2b06\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Concept_of_Tax_Deducted_at_Source\" title=\"Concept of Tax Deducted at Source\">Concept of Tax Deducted at Source<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Concept_of_Tax_Deduction_and_Collection_Account_Number\" title=\"Concept of Tax Deduction and\nCollection Account Number\">Concept of Tax Deduction and\nCollection Account Number<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Applicability_of_TDS_Provisions\" title=\"Applicability of TDS Provisions\">Applicability of TDS Provisions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Reasons_for_Introducing_Online_TDS_Payment_Mechanism\" title=\"Reasons for Introducing Online TDS\nPayment Mechanism\">Reasons for Introducing Online TDS\nPayment Mechanism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Benefits_of_Filing_Online_TDS_Payment\" title=\"Benefits of Filing Online TDS\nPayment\">Benefits of Filing Online TDS\nPayment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Forms_for_Filing_TDS_Payment_Online\" title=\"Forms for Filing TDS Payment Online\">Forms for Filing TDS Payment Online<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_24Q\" title=\"Form 24Q\">Form 24Q<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_26Q\" title=\"Form 26Q\">Form 26Q<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_27Q\" title=\"Form 27Q\">Form 27Q<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_27EQ\" title=\"Form 27EQ\">Form 27EQ<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_27A\" title=\"Form 27A\">Form 27A<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Timeline_for_Making_Online_TDS_Payment\" title=\"Timeline for Making Online TDS\nPayment\">Timeline for Making Online TDS\nPayment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Process_for_Making_TDS_Payment_Online\" title=\"Process for Making TDS Payment\nOnline\">Process for Making TDS Payment\nOnline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Concept_of_Tax_Deducted_at_Source-2\" title=\"Concept of Tax Deducted at Source\">Concept of Tax Deducted at Source<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Concept_of_Tax_Deduction_and_Collection_Account_Number-2\" title=\"Concept of Tax Deduction and\nCollection Account Number\">Concept of Tax Deduction and\nCollection Account Number<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Applicability_of_TDS_Provisions-2\" title=\"Applicability of TDS Provisions\">Applicability of TDS Provisions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Reasons_for_Introducing_Online_TDS_Payment_Mechanism-2\" title=\"Reasons for Introducing Online TDS\nPayment Mechanism\">Reasons for Introducing Online TDS\nPayment Mechanism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Benefits_of_Filing_Online_TDS_Payment-2\" title=\"Benefits of Filing Online TDS\nPayment\">Benefits of Filing Online TDS\nPayment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Forms_for_Filing_TDS_Payment_Online-2\" title=\"Forms for Filing TDS Payment Online\">Forms for Filing TDS Payment Online<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_24Q-2\" title=\"Form 24Q\">Form 24Q<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_26Q-2\" title=\"Form 26Q\">Form 26Q<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_27Q-2\" title=\"Form 27Q\">Form 27Q<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_27EQ-2\" title=\"Form 27EQ\">Form 27EQ<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Form_27A-2\" title=\"Form 27A\">Form 27A<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Timeline_for_Making_Online_TDS_Payment-2\" title=\"Timeline for Making Online TDS\nPayment\">Timeline for Making Online TDS\nPayment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Process_for_Making_TDS_Payment_Online-2\" title=\"Process for Making TDS Payment\nOnline\">Process for Making TDS Payment\nOnline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Consequences_of_Making_Delayed_TDS_Payment\" title=\"Consequences of Making Delayed TDS\nPayment\">Consequences of Making Delayed TDS\nPayment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Due_Dates_of_Making_Online_TDS_Payment_for_AY_2021_%E2%80%93_2022\" title=\"Due Dates of Making Online TDS\nPayment for A.Y. 2021 &#8211; 2022\">Due Dates of Making Online TDS\nPayment for A.Y. 2021 &#8211; 2022<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/swaritadvisors.com\/blog\/online-tds-payment-concept-and-process-to-file\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Tax_Deducted_at_Source\"><\/span>Concept of Tax Deducted at Source<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term TDS or Tax Deducted at Source was implemented with an aim to\ncollect tax at the point of origin of Income. According\nto this, the deductor is responsible for making payment of the prescribed\nnature from the deductee\u2019s salary, and need to remit the same into the Central\nGovernment official bank account.<\/p>\n\n\n\n<p>Further, the deductee whose salary has been\ndeducted is eligible to acquire credit on the amount deducted. The same will be\nbased on the TDS Certificate granted by the deductor.<\/p>\n\n\n\n<p>Also, the deductor needs to make online TDS Payment on or before the 7<sup>th<\/sup>\nworking day of the succeeding month.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Tax_Deduction_and_Collection_Account_Number\"><\/span>Concept of Tax Deduction and\nCollection Account Number<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Tax Deduction and\nCollection Account Number or TAN is a 10 digits alphanumeric number issued to individuals\nor entities that need to collect or deduct tax payments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applicability_of_TDS_Provisions\"><\/span>Applicability of TDS Provisions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Apart from salary, the occasions where TDS provisions are applicable are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Applicability-of-TDS-Provisions.png\" alt=\"TDS Provisions Applicability \" class=\"wp-image-153\" width=\"545\" height=\"545\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Applicability-of-TDS-Provisions.png 1000w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Applicability-of-TDS-Provisions-150x150.png 150w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Applicability-of-TDS-Provisions-300x300.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Applicability-of-TDS-Provisions-768x768.png 768w\" sizes=\"(max-width: 545px) 100vw, 545px\" \/><\/figure><\/div>\n\n\n\n<ol><li>Income from Interest on Securities;<\/li><li>Income from Interest on Debentures;<\/li><li>Income from Interest, other than those on Securities;<\/li><li>Income from Dividends;<\/li><li>Income from EPF Withdrawal;<\/li><li>Payment to Contractors;<\/li><li>Payment to Sub-contractors;<\/li><li>Payment to Freelancers;<\/li><li>Winning from Horse Races;<\/li><li>Winning from Lotteries;<\/li><li>Winning from Crossword Puzzles;<\/li><li>Any other game-related winnings;<\/li><li>Insurance Commissions;<\/li><li>Commission on Brokerage Earnings;<\/li><li>Transfer of Immovable Property;<\/li><li>Income from offering professional services;<\/li><li>Income from offering technical services;<\/li><li>Income from Royalty;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reasons_for_Introducing_Online_TDS_Payment_Mechanism\"><\/span>Reasons for Introducing Online TDS\nPayment Mechanism<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The reasons behind the implementation of\nOnline TDS Payment Mechanism are as follows:<\/p>\n\n\n\n<ol><li>To\nPrevent Tax Evasion;<\/li><li>To\nEnsure Timely Collection of Tax;<\/li><li>To\nAct as a Steady Source of Revenue for the Central Government;<\/li><li>To\nProvide Convenience to Taxpayers;<\/li><li>To\nEase out the Process of Filling Income Tax Return;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Filing_Online_TDS_Payment\"><\/span>Benefits of Filing Online TDS\nPayment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The benefits of filing online TDS\nPayments are as follows:<\/p>\n\n\n\n<ol><li>Provides 24*7 online payment facility.<\/li><li>Deductor can deduct TDS as per his\/ her convenience in terms of time and location.<\/li><li>Provides acknowledgement of payment on an immediate basis.<\/li><li>Easy facility to download Challan Acknowledgment for future reference.<\/li><li>Reduction in the Cases of Corruption and Malpractices;<\/li><li>Environmental Friendly.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Forms_for_Filing_TDS_Payment_Online\"><\/span>Forms for Filing TDS Payment Online<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The forms required for making TDS Payment online are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Forms-for-Filing-TDS-Payment-Online-heading.png\" alt=\"TDS Payment forms for filing\" class=\"wp-image-154\" width=\"481\" height=\"481\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Forms-for-Filing-TDS-Payment-Online-heading.png 1000w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Forms-for-Filing-TDS-Payment-Online-heading-150x150.png 150w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Forms-for-Filing-TDS-Payment-Online-heading-300x300.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Forms-for-Filing-TDS-Payment-Online-heading-768x768.png 768w\" sizes=\"(max-width: 481px) 100vw, 481px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_24Q\"><\/span>Form 24Q<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This form is required to be filed for making\ndeductions from salaries;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_26Q\"><\/span>Form 26Q<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This form is required to be filed for\nmaking deductions from payments other than salaries;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_27Q\"><\/span>Form 27Q<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is a quarterly return, and needs to\nbe filed by deductor for all the deductions made in the case of NRIs;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_27EQ\"><\/span>Form 27EQ<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is a TCS (Tax Collected at Source)\nquarterly return and needs to be filed by deductor;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_27A\"><\/span>Form 27A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This form is required to be duly signed\nand accompanied by quarterly returns;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Timeline_for_Making_Online_TDS_Payment\"><\/span>Timeline for Making Online TDS\nPayment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The points to consider while making\nonline TDS Payment are as follows:<\/p>\n\n\n\n<ol><li>The\ndue date for paying the TDS collected is the 7<sup>th<\/sup> of the succeeding\nmonth;<\/li><li>For\nthe month of March, the deductor needs to pay the TDS deducted on or before the\n30<sup>th<\/sup> April of the that Financial Year;<\/li><li>The\ntimelines for making TDS payment are applicable to both Government and\nNon-Government assessee;<\/li><li>If\nin case a Government Deductor makes TDS payment without filing the copy of\nchallan, then, in that case, he\/ she requires to make the payment of TDS on the\nsame day when the Tax was collected;<\/li><li>If\nan Assessing Officer with the prior approval of the Joint Commissioner permits\nthe quarterly TDS payment. Then the last date for making the payment is 7<sup>th<\/sup>\nof the succeeding month, after the end of the quarter or the 30<sup>th<\/sup>\nApril of the previous quarter of the financial year;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_for_Making_TDS_Payment_Online\"><\/span>Process for Making TDS Payment\nOnline<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The steps involved in the process for making TDS Payment Online are as follows:<\/p>\n\n\n\n<p>In India, the term \u201cOnline TDS Payment\u201d\ndenotes the process of paying tax at the point of origin of Income.It is\nregulated by the provisions of the Income Tax Act 1961. Further, the parties involved\nare known as Deductor and Deductee.<\/p>\n\n\n\n<p>In this blog, we will discuss the\nconcept, applicability, reasons for implementation, and procedure to file\nonline TDS Payment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Tax_Deducted_at_Source-2\"><\/span>Concept of Tax Deducted at Source<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term TDS or Tax Deducted at Source was implemented with an aim to\ncollect tax at the point of origin of Income. According\nto this, the deductor is responsible for making payment of the prescribed\nnature from the deductee\u2019s salary, and need to remit the same into the Central\nGovernment official bank account.<\/p>\n\n\n\n<p>Further, the deductee whose salary has been\ndeducted is eligible to acquire credit on the amount deducted. The same will be\nbased on the TDS Certificate granted by the deductor.<\/p>\n\n\n\n<p>Also, the deductor needs to make online TDS Payment on or before the 7<sup>th<\/sup>\nworking day of the succeeding month.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Tax_Deduction_and_Collection_Account_Number-2\"><\/span>Concept of Tax Deduction and\nCollection Account Number<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Tax Deduction and\nCollection Account Number or TAN is a 10 digits alphanumeric number issued to individuals\nor entities that need to collect or deduct tax payments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applicability_of_TDS_Provisions-2\"><\/span>Applicability of TDS Provisions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Apart from salary, the occasions where\nTDS provisions are applicable are as follows:<\/p>\n\n\n\n<ol><li>Income\nfrom Interest on Securities;<\/li><li>Income\nfrom Interest on Debentures;<\/li><li>Income\nfrom Interest, other than those on Securities;<\/li><li>Income\nfrom Dividends;<\/li><li>Income\nfrom EPF Withdrawal;<\/li><li>Payment\nto Contractors;<\/li><li>Payment\nto Sub-contractors;<\/li><li>Payment\nto Freelancers;<\/li><li>Winning\nfrom Horse Races;<\/li><li>Winning\nfrom Lotteries;<\/li><li>Winning\nfrom Crossword Puzzles;<\/li><li>Any\nother game related winnings;<\/li><li>Insurance\nCommissions;<\/li><li>Commission\non Brokerage Earnings;<\/li><li>Transfer\nof Immovable Property;<\/li><li>Income\nfrom offering professional services;<\/li><li>Income\nfrom offering technical services;<\/li><li>Income\nfrom Royalty;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reasons_for_Introducing_Online_TDS_Payment_Mechanism-2\"><\/span>Reasons for Introducing Online TDS\nPayment Mechanism<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The reasons behind the implementation of Online TDS Payment Mechanism are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Reasons-for-Introducing-Online-TDS-Payment-Mechanism.png\" alt=\"Reasons for Introducing Online TDS \" class=\"wp-image-155\" width=\"504\" height=\"504\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Reasons-for-Introducing-Online-TDS-Payment-Mechanism.png 1000w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Reasons-for-Introducing-Online-TDS-Payment-Mechanism-150x150.png 150w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Reasons-for-Introducing-Online-TDS-Payment-Mechanism-300x300.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Reasons-for-Introducing-Online-TDS-Payment-Mechanism-768x768.png 768w\" sizes=\"(max-width: 504px) 100vw, 504px\" \/><\/figure><\/div>\n\n\n\n<ol><li>To Prevent Tax Evasion;<\/li><li>To Ensure Timely Collection of Tax;<\/li><li>To Act as a Steady Source of Revenue for the Central Government;<\/li><li>To Provide Convenience to Taxpayers;<\/li><li>To Ease out the Process of <strong><a href=\"https:\/\/swaritadvisors.com\/income-tax-return-filing\" class=\"text-primary\">Filing Income Tax Return<\/a><\/strong>;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Filing_Online_TDS_Payment-2\"><\/span>Benefits of Filing Online TDS\nPayment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The benefits of filing online TDS\nPayments are as follows:<\/p>\n\n\n\n<ol><li>Provides\n24*7 online payment facility;<\/li><li>Deductor\ncan deduct TDS as per his\/ her convenience in terms of time and location;<\/li><li>Provides\nacknowledgement of payment on an immediate basis;<\/li><li>Easy\nfacility to download Challan Acknowledgment for future reference;<\/li><li>Reduction\nin the Cases of Corruption and Malpractices;<\/li><li>Environmental\nFriendly;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Forms_for_Filing_TDS_Payment_Online-2\"><\/span>Forms for Filing TDS Payment Online<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The forms required for making TDS\nPayment online are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_24Q-2\"><\/span>Form 24Q<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This form is required to be filed for making\ndeductions from salaries;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_26Q-2\"><\/span>Form 26Q<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This form is required to be filed for\nmaking deductions from payments other than salaries;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_27Q-2\"><\/span>Form 27Q<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is a quarterly return, and needs to\nbe filed by deductor for all the deductions made in the case of NRIs;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_27EQ-2\"><\/span>Form 27EQ<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is a TCS (Tax Collected at Source)\nquarterly return and needs to be filed by deductor;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_27A-2\"><\/span>Form 27A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This form is required to be duly signed\nand accompanied by quarterly returns;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Timeline_for_Making_Online_TDS_Payment-2\"><\/span>Timeline for Making Online TDS\nPayment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The points to consider while making\nonline TDS Payment are as follows:<\/p>\n\n\n\n<ol><li>The\ndue date for paying the TDS collected is the 7<sup>th<\/sup> of the succeeding\nmonth;<\/li><li>For\nthe month of March, the deductor needs to pay the TDS deducted on or before the\n30<sup>th<\/sup> April of the that Financial Year;<\/li><li>The\ntimelines for making TDS payment are applicable to both Government and\nNon-Government assessee;<\/li><li>If\nin case a Government Deductor makes TDS payment without filing the copy of\nchallan, then, in that case, he\/ she requires to make the payment of TDS on the\nsame day when the Tax was collected;<\/li><li>If\nan Assessing Officer with the prior approval of the Joint Commissioner permits\nthe quarterly TDS payment. Then the last date for making the payment is 7<sup>th<\/sup>\nof the succeeding month, after the end of the quarter or the 30<sup>th<\/sup>\nApril of the previous quarter of the financial year;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_for_Making_TDS_Payment_Online-2\"><\/span>Process for Making TDS Payment\nOnline<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The steps involved in the process for making TDS Payment Online are as follows:<\/p>\n\n\n\n<p>1- Visit the Official NSDL website<sup><strong><em><a class=\"text-primary\" href=\"https:\/\/onlineservices.tin.egov-nsdl.com\/etaxnew\/tdsnontds.jsp;\">[1]<\/a><\/em><\/strong><\/sup>.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"628\" height=\"316\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Official-NSDL.png\" alt=\"Official NSDL website\" class=\"wp-image-147\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Official-NSDL.png 628w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Official-NSDL-300x151.png 300w\" sizes=\"(max-width: 628px) 100vw, 628px\" \/><\/figure><\/div>\n\n\n\n<p>2- Click on \u201cChallan No.\/ITNS 281\u201d under the option TDS\/ TCS.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"628\" height=\"319\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Challan-No.png\" alt=\"TDS\/ TCS\" class=\"wp-image-148\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Challan-No.png 628w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Challan-No-300x152.png 300w\" sizes=\"(max-width: 628px) 100vw, 628px\" \/><\/figure><\/div>\n\n\n\n<p>3- After selecting the option, the applicant will be re-directed to a new page, wherein, he\/she requires to fill in the details asked;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"628\" height=\"312\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/selecting-the-option.jpg\" alt=\" selecting the option\" class=\"wp-image-149\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/selecting-the-option.jpg 628w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/selecting-the-option-300x149.jpg 300w\" sizes=\"(max-width: 628px) 100vw, 628px\" \/><\/figure><\/div>\n\n\n\n<p>4- Once the deductor has filed the form, he\/she needs to enter the CAPTCHA code provided, and press the \u201cProceed Button\u201d.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"591\" height=\"333\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/enter-the-CAPTCHA.jpg\" alt=\"enter the CAPTCHA\" class=\"wp-image-150\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/enter-the-CAPTCHA.jpg 591w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/enter-the-CAPTCHA-300x169.jpg 300w\" sizes=\"(max-width: 591px) 100vw, 591px\" \/><\/figure><\/div>\n\n\n\n<p>5- Once a TDS form is duly submitted, the TAN (Tax Deduction and Collection Account Number) will get verified and authenticated.<br>6- If the form is successfully verified, then the taxpayer\u2019s full name will be shown on the screen.<br>7- After confirmation, the data will be re-directed to the net banking website of the concerned bank.<br>8- In the next step, the user will need to log in to his \/her Internet Banking Profile to TDS payment.<br>9- Once the user has made the successful payment, a counterfoil Challan Number will be generated and displayed on the screen.<br>10- The user needs to save the generate Challan Copy for future reference.<\/p>\n\n\n\n<p>Note: the Challan Copy will include CIN (Company Identification Number), details pertaining to the TDS payment, bank name, etc.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Consequences_of_Making_Delayed_TDS_Payment\"><\/span>Consequences of Making Delayed TDS\nPayment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\nconsequence of making Delayed TDS Payment are as follows:<\/p>\n\n\n\n<ol><li>In case of delay in making TDS\npayment online due to the non-deduction of tax at source or TDS, then, in that\ncase, an&nbsp;interest\nof 1% per month will be charged on the amount due. Further, the interest\nwill be charged from the date when the tax was deductible first time to the\ndate when the actual deduction is made;<\/li><li>In case there is a delay in making TDS\npayment after a deduction of tax at source or TDS, then, in that case, an&nbsp;interest of 1.5%\nper month will be charged on the amount due. Further, the interest will\nbe charged for every such month during which the payment was delayed. Also, the\nrate of interest will be charged from the date of making a deduction of the tax\namount;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Due_Dates_of_Making_Online_TDS_Payment_for_AY_2021_%E2%80%93_2022\"><\/span>Due Dates of Making Online TDS\nPayment for A.Y. 2021 &#8211; 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table class=\"wp-block-table aligncenter\"><tbody><tr><td>Month of Deduction<\/td><td>Last Date of the Quarter<\/td><td>Last date for making TDS payment<\/td><td>Due Date for Filing TDS Return<\/td><\/tr><tr><td>April<\/td><td>30th June<\/td><td>7th May<\/td><td>31st July<\/td><\/tr><tr><td>May<\/td><td>&#8211;<\/td><td>7th June<\/td><td>&#8211;<\/td><\/tr><tr><td>June<\/td><td>&#8211;<\/td><td>7th July<\/td><td>&#8211;<\/td><\/tr><tr><td>July<\/td><td>30th September <\/td><td>7th August<\/td><td>31st October<\/td><\/tr><tr><td>August<\/td><td>&#8211;<\/td><td>7th September<\/td><td>&#8211;<\/td><\/tr><tr><td>September<\/td><td>&#8211;<\/td><td>7th October<\/td><td>&#8211;<\/td><\/tr><tr><td>October<\/td><td>31st December<\/td><td>7th November<\/td><td>31st January<\/td><\/tr><tr><td>November<\/td><td>&#8211;<\/td><td>7th December<\/td><td>&#8211;<\/td><\/tr><tr><td>December<\/td><td>&#8211;<\/td><td>7th January<\/td><td>&#8211;<\/td><\/tr><tr><td>January<\/td><td>31st March<\/td><td>7th February<\/td><td>31st May<\/td><\/tr><tr><td>February<\/td><td>&#8211;<\/td><td>7th March<\/td><td>&#8211;<\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a nutshell, the online TDS payment mechanism has been based upon a concept known as \u201cAny Time and Anywhere\u201d. Also, the same has been implemented with the aim to make the process of user friendly and transparent, and to minimize the cases of Tax Evasion. <\/p>\n\n\n\n<p>Further, it shall\nbe relevant to note that the deductee whose salary has\nbeen deducted is eligible to acquire credit on the amount deducted. The same\nwill be based on the TDS Certificate granted by the deductor.<\/p>\n\n\n\n<p>Lastly, in case of any doubt or perplexity, contact <a href=\"https:\/\/swaritadvisors.com\/contact-us\" class=\"text-primary\"><strong>Swarit Advisors<\/strong><\/a>, our skilled and proficient experts are there to cater all your confusion and queries.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/\">Web Aggregator License in India: Its Concept &#038; Process To Register<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In India, the term \u201cOnline TDS Payment\u201d denotes the process of paying tax at the point of origin of Income. It is regulated by the provisions of the Income Tax Act 1961. Further, the parties involved are known as Deductor and Deductee. In this blog, we will discuss the concept, applicability, reasons for implementation, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[82,83],"tags":[84],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/146"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=146"}],"version-history":[{"count":18,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/146\/revisions"}],"predecessor-version":[{"id":175,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/146\/revisions\/175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/156"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}