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.
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.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.
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.
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How to deposit TDS online?
Tejaswini
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August 18, 2021
2021-08-18T14:31:42+00:00 2021-08-18T17:23:25+00:00Comment
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Taxes
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