COMPLIANCE SERVICE

TDS / TCS Return Filing

Quarterly TDS and TCS return filing with accurate deductee details, challan mapping, and Form 16 / 16A issuance.

Overview

Any business that deducts TDS on payments to employees, contractors, professionals, or landlords must file quarterly TDS returns and issue TDS certificates. Errors in PAN, amounts, or challan mapping result in demands from TRACES and affect your deductees' Form 26AS and tax credit. We handle complete TDS compliance — from deduction computation to return filing and Form 16/16A issuance.

Who Should Avail This?

Businesses Paying Salaries

All employers must deduct TDS on salary under Section 192 and file Form 24Q quarterly.

Businesses with Contractors & Professionals

Payments above Rs 30,000 to contractors (Sec 194C) and professionals (Sec 194J) require TDS deduction.

Businesses with Rent > Rs 50,000/month

TDS at 10% must be deducted on rent above Rs 50,000 per month to landlords.

E-Commerce Operators

Online marketplaces must deduct TCS at 1% on all sales made through their platform.

How It Works

1

Payment Data Compilation

We collect all payments subject to TDS — salary register, contractor bills, rent receipts, professional fees.

2

TDS Deduction Computation

We calculate the correct TDS amount for each payee, applying the right section and rate.

3

Challan Payment

TDS amounts are challan-mapped correctly and paid to the government by the 7th of the next month.

4

Return Filing

Quarterly returns (Form 26Q / 24Q) are filed on TRACES with accurate deductee PAN and challan details.

5

Form 16 / 16A Issuance

TDS certificates are generated from TRACES and issued to all deductees within statutory deadlines.

Important Due Dates

Compliance / FilingDue DateApplicable To
TDS Deduction & Remittance7th of next month (31st March for March)All deductors
TDS Return - Q1 (Apr–Jun)31st JulyAll deductors
TDS Return - Q2 (Jul–Sep)31st OctoberAll deductors
TDS Return - Q3 (Oct–Dec)31st JanuaryAll deductors
TDS Return - Q4 (Jan–Mar)31st MayAll deductors

Penalties for Non-Compliance

TDS not deducted (Section 271C)

Penalty equal to TDS amount not deducted

TDS deducted but not deposited (Section 276B)

Prosecution with rigorous imprisonment of 3 months to 7 years

Late filing of TDS return (Section 234E)

Rs 200 per day until return is filed. Maximum equal to TDS amount.

Frequently Asked Questions

Q.When must TDS be deducted?

A. TDS must be deducted at the time of payment or credit to the account of the payee, whichever is earlier.

Q.What happens if I miss depositing TDS on time?

A. Interest of 1.5% per month is charged from the date of deduction to the date of actual deposit. Plus, the corresponding business expense may be disallowed in your income tax assessment.

Q.Is TDS required for payments to GST-registered vendors?

A. Yes, TDS under Income Tax is separate from GST. You must deduct income TDS on applicable payments regardless of whether the vendor is GST-registered.

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