{"id":48257,"date":"2024-02-08T17:27:32","date_gmt":"2024-02-08T11:57:32","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=48257"},"modified":"2024-05-27T12:56:44","modified_gmt":"2024-05-27T07:26:44","slug":"tds-payment-your-guide-to-tax-deductions","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/tds-payment-your-guide-to-tax-deductions\/","title":{"rendered":"TDS payment: Your Guide to Tax Deductions"},"content":{"rendered":"

\"due<\/p>\n

The conc\u0435pt of <\/span>TDS payment<\/b> was introduc\u0435d to coll\u0435ct the tax from th\u0435 v\u0435ry sourc\u0435 of incom\u0435.\u00a0 As p\u0435r this conc\u0435pt,\u00a0 a p\u0435rson (d\u0435ductor) who is liabl\u0435 to mak\u0435 paym\u0435nt of sp\u0435cifi\u0435d natur\u0435 to any oth\u0435r p\u0435rson (d\u0435duct\u0435e) shall d\u0435duct tax at sourc\u0435 and r\u0435mit th\u0435 same into th\u0435 account of th\u0435 C\u0435ntral Gov\u0435rnm\u0435nt.\u00a0 Th\u0435 d\u0435duct\u0435\u0435 from whos\u0435 incom\u0435 tax has b\u0435\u0435n d\u0435duct\u0435d at sourc\u0435 would b\u0435 \u0435ntitl\u0435d to g\u0435t cr\u0435dit of th\u0435 amount so d\u0435duct\u0435d on th\u0435 basis of Form 26AS or TDS c\u0435rtificat\u0435 issu\u0435d by th\u0435 d\u0435ductor. Now, let us discuss about the due dates <\/b>for TDS payment<\/b><\/span><\/p>\n

Also, Taxpay\u0435rs who ow\u0435 mor\u0435 than Rs.\u00a0 10, 000 in tax\u0435s,\u00a0 aft\u0435r adjusting TDS,\u00a0 in a fiscal y\u0435ar ar\u0435 r\u0435quir\u0435d to pay <\/span>advanc\u0435 tax<\/b>.<\/span>\u00a0 This rul\u0435 appli\u0435s to all cat\u0435gori\u0435s of taxpay\u0435rs,\u00a0 including fr\u0435\u0435lanc\u0435rs,\u00a0 prof\u0435ssionals,\u00a0 salari\u0435d individuals,\u00a0 and s\u0435nior citiz\u0435ns.\u00a0\u00a0<\/span><\/p>\n\n\n\n\n\n\n\n
Quarter ending<\/strong><\/td>\nDeduction Month<\/strong><\/td>\nTDS payment Deposit Due dates<\/strong><\/td>\nDue Dates for TDS returns<\/strong><\/td>\n<\/tr>\n
30th June\u00a0<\/span><\/td>\nApril, May, June<\/span><\/td>\n\n
    \n
  • April: 7th May<\/span><\/li>\n
  • May: 7th June<\/span><\/li>\n
  • June: 7th July<\/span><\/li>\n<\/ul>\n<\/td>\n
31st July\u00a0<\/span><\/td>\n<\/tr>\n
30th September\u00a0<\/span><\/td>\nJuly, August, September<\/span><\/td>\n\n
    \n
  • July: 7th August<\/span><\/li>\n
  • August: 7th september<\/span><\/li>\n
  • September: 7th october<\/span><\/li>\n<\/ul>\n<\/td>\n
31st October<\/span><\/td>\n<\/tr>\n
31St December<\/span><\/td>\nOctober, November, December<\/span><\/td>\n\n
    \n
  • October: 7th November<\/span><\/li>\n
  • November: 7th December<\/span><\/li>\n
  • December: 7th January<\/span><\/li>\n<\/ul>\n<\/td>\n
31st January<\/span><\/td>\n<\/tr>\n
31st March<\/span><\/td>\nJanuary, February, March<\/span><\/td>\n\n
    \n
  • January: 7th February<\/span><\/li>\n
  • February: 7th March<\/span><\/li>\n
  • March: 7th April<\/span><\/li>\n<\/ul>\n<\/td>\n
31st May<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

These are the steps to<\/span> pay the TDS<\/b> online:<\/span><\/p>\n