Sometimes, various taxation becomes a little complicated for many. In this sequence, Tax Deducted at Source (TDS) is a major one. But with advanced technologies and an enhanced taxation system, you can streamline the process and complete the TDS online payment in minutes now.
Here, we will walk you through the steps of e-tax payment, saving you valuable time and ensuring timely tax settlements. Scroll through this blog post and learn how to make online TDS payments for employers in India.
A Step-by-Step Guide on TDS Payments
Gone are the days of heavy paperwork and long queues. With digital payment streamlining, paying TDS offers a convenient and efficient way to fulfil your tax obligations. Here’s a detailed guide to the process:
Step 1: Go to the NSDL e-Gov Website
● Open a web browser and go to the official NSDL e-Government website: https://www.protean-tinpan.com/services/etds-etcs/etds-index.html.
Step 2: Locate the Payment Portal
● On the NSDL e-Gov website, look for the “Services” section. This might be displayed as a menu or a drop-down list.
Step 3: Select the Challan Option
● Within the “Services” section, find the option labelled “CHALLAN NO./ITNS 281” or something similar that indicates TDS payment.
Step 4: Filling Out Challan 281
● This is where you’ll provide crucial information for your TDS payment. Here’s a breakdown of the key fields:
○ Taxpayer Type: Select your taxpayer category (e.g., Individual, Company, etc.).
○ Assessment Year: Choose the relevant assessment year for which the TDS payment pertains.
○ Major Head Code: This code specifies the type of tax you’re depositing (e.g., Income Tax). You can find a list of major headcodes on the NSDL website for reference.
○ Minor Head Code: This further identifies the specific tax category within the major head (e.g., TDS on Salary, TDS on Rent).
○ Nature of Payment: Select “0” (Tax) for TDS payments.
○ TDS Section: Choose the relevant section under the Income Tax Act that applies to your TDS deduction (e.g., 192, 194, etc.).
○ TAN (Tax Deduction and Collection Account Number): Enter your valid TAN number if you have one. This is a unique identification number assigned to those deducting TDS.
○ PAN of Deductor: Provide your Permanent Account Number (PAN).
○ Assessment Circle: Select the appropriate assessment circle based on your location.
○ Challan Serial Number: Leave this field blank, as the system automatically generates a serial number.
○ Payment Type: Choose the mode of payment you prefer (e.g., Net Banking, Debit Card, Credit Card).
○ Tax Amount: Enter the total TDS amount you’re depositing.
Step 5: Verify and Confirm
● After completing all the details, carefully review the information for accuracy. Double-check all entered data to avoid any errors.
Step 6: Complete the Payment
● If everything looks correct, proceed with the payment based on your chosen mode (net banking, debit card, etc.). Follow the on-screen instructions to complete the online transaction.
Step 7: Save Confirmation
● Upon successful payment, the NSDL website will provide a confirmation message and a challan counterfoil. Save a copy of this confirmation for your records. This document serves as proof of your online TDS payment.
Here’s How to Check If Your Online TDS Payment Went Through
Making your TDS payments online is a breeze, but sometimes, you might want to confirm if the payment was successfully deposited. Luckily, the NSDL website allows you to check the status of your online TDS payments easily. Here’s how:
There are two ways to search for your TDS challan status:
1. CIN-Based View: This method requires details from your challan copy, such as the BSR code of the collecting branch, challan date, challan serial number, and, optionally, the amount you paid. Once entered, you can view details like the challan serial number, deposit date, major head code with description, your TAN/PAN, name, receipt date, and confirmation if the entered amount matches the bank’s record (if you included it).
2. TAN-Based View: This option is useful if you know your TAN number and the financial year for which you made the payment. By providing your TAN and the challan date range, you can see details like CIN, major and minor head codes, nature of payment, and even confirm if the amount you entered against a specific challan CIN matches the bank’s record.
Conclusion
Making TDS payments online can significantly streamline the process and save valuable time for employers. By following the step-by-step guide provided, one can easily navigate through the NSDL e-Gov website and complete the payment. Additionally, checking the payment status adds an extra layer of assurance. Embracing online TDS payments simplifies the process and contributes to timely and efficient tax settlements.
