Free Consultation

e-TDS filings

Ryot Associates provide e-TDS filings in Coimbatore, Tirupur, Erode, Namakkal, Chennai, Bangalore and all other places in India. TDS is an Income tax deducted from its source and paid directly to the deductee PAN by the deductor. Every deductor has to deposit TDS on time and has to file the TDS returns every quarter. TDS return is a statement filed by the deductor containing the details of the deductee and the amount deducted. Deductor must have TAN for deduction of TDS. There are various categories of payments prescribed by the Government of India which are mandatory for deduction of TDS,

Income earned is taxable at various heads such as

  • Salary exceeding basic exemption limit as per the income tax slab rate prescribed
  • Commission/Brokerage exceeds Rs. 15000 per annum
  • Rent exceeds Rs. 200000 per annum
  • Payment to contractors
  • Fee for Technical and Professional services
  • Other prescribed payments (which is updated in every budget)

Due date for payment of TDS is within 7th of the following month in which it was deducted. For delayed or non payment of TDS interest will be charged at 1.5% per month basis.

Due date for filing of e-TDS returns is 31st July, 31st October, 31st January and 31st May for the corresponding quarter. For delayed or non filing of returns will attract penalty of Rs. 200 per day up to a maximum of TDS amount.