TDS is essential for sending taxpayers' income data to the government, which may subsequently be used to make sure that their earnings are properly taxed. But do you know how to pay online TDS payment? You can make the payment through the official website of the income tax portal.
How can Deposit TDS Online?
Here is the process you can follow.
Navigate to the
Income Tax e-Filing portal.
Log in using your TAN (Tax Deduction and Collection Account Number) credentials.
You must go to the 'e-File' menu and select 'e-Pay Tax'.
Click on 'New Payment' to start the payment process. Choose 'TDS/TCS' as the tax payment category.
Select the relevant Assessment Year and the type of payment.
Provide necessary details and make the payment.
Upon successful payment, a challan counterfoil with CIN (Challan Identification Number) is generated. You must download and save this for your records and future reference.
This is how to deposit TDS online.
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TDS is a slightly complicated concept with various legs attached to it. Tax dedication and collection were cumbersome processes before 2004 but this changed after the electronic mode was introduced. The Tax Information Network makes it easier to check tax details and flows. Now since you are asking about how to deposit TDS online, we will have to understand what challan number ITNS 281 is.
What is Challan ITNS 281?Challan ITNS 281 is a challan which is used to deposit the TDS deducted by corporates and non corporate entities to the Government of India. Since the employers or service availers deducted tax at source before making payments to employees or service providers.
When to deposit TDS?The TDS should be deposited before 7th of every month. For the month of march the deadline is till April 30.
How to deposit TDS online?Now let us look at the process to file challan ITNS 281 online.
Go to this link
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
Under TDS/TCS section there will be a button that says ‘proceed’ click on it
Fill the details such as
TAN no., address, mode of payment, bank name, etc. and then click on proceed.
Check all the details entered and confirm.
Hit ‘Submit to bank.’
You will be redirected to the payments page.
Enter the payment details, i.e. the amount to be paid.
Click on submit
On successful payment, a challan counterfoil shall be displayed containing the CIN No., payment details, and bank name through which e-payment has been made
You can also submit the offline form by filling it and taking a print out of it. You can go to your bank to submit the challan.
This is all you should know about how to deposit TDS online. I hope you found this helpful.
How to deposit TDS online?
Tejaswini
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2021-08-18T14:31:42+00:00 2021-08-18T17:23:25+00:00Comment
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