TDS Return Filing

What is TDS?

TDS stands for Tax Deducted at Source. TDS is a source of collecting tax by Government of India at the time when a transaction takes place. Here, the TDS is required to be deducted at a specified rate (TDS Rate Chart), at the time money is credited to the payee’s account or at the time of payment, whichever is earlier.

TDS to be deducted at a specified rate. Different Rate of TDS applicable for different nature of payment.

What is TDS Return?

Apart from depositing the tax, the deductor or payer should also file a TDS return.

TDS Return is quarterly statement required to be filed quarterly in Form 24Q, 26Q, 27Q, 27EQ. It is compulsory for deductors or payer to submit a TDS return on time to the Income Tax department. The following details required to file in TDS returns are:

PAN of the deductor and the deductee
Amount of tax paid to the government
TDS challan information
Others, if any

Types of TDS Return Forms

There are various types of TDS Return Forms for different nature of payment. List of forms for Statement of TDS are as follows :-

TDS Return Forms	Particulars of the TDS Return Forms
Form 24Q	Statement for TDS on Salaries
Form 26Q	Statement for TDS on payments other than Salaries
Form 27Q	Statement for Tax Deduction on Income received from interest, dividends, or any other sum payable to non residents.
Form 27EQ	Statement for TCS (Collection of Tax at Source).

Due Dates for E-Filing Of TDS Returns

Due dates of submission of quarterly TDS Return are as follows:

Quarter	Period	Month
For Quarter 1	(1^st April to 30^th June)	April, May, June
For Quarter 2	(1^st July to 30^th Sep)	July, August, September
For Quarter 3	(1^st October to 30^th December)	October, November, December
For Quarter 4	(1^st January to 31^st March)	January, February, March

TDS Return e-filing Due Date for Financial Year 2019-2020

Quarter	Months	Last Date of Filing
1^st Quarter	April to June	31st July 2019
2^nd Quarter	July to September	31st October 2019
3^rd Quarter	October to December	31^st January 2020
4^thQuarter	January to March	31^st May 2020

TDS Rate Chart for the FY 2018-19 & FY 2019-2020

Online TDS Return Filing in India