Is it mandatory to pay TDS online?

Electronic Mode. E – payment of TDS is mandatory for: all corporate assesses. assesses other than the company to whom the provisions of section 44 AB of the Income Tax Act, 1961 are applicable.

Is paying TDS compulsory?

Is TDS Deduction On Salary Mandatory? Yes, the deduction for TDS on salary is mandatory under Section 192 of the Income Tax Act. Every employer who pays a salaried income to his employees needs to deduct TDS on salary if the income amount is over the basic exemption limit.

How can I pay TDS without tan?

The buyer of any immovable property need not obtain a TAN (Tax Deduction Account Number) for making payment of the TDS on immovable property. You can make the payment using your PAN.

Is it possible to pay for TDs online?

There are several advantages of making the online TDS payment. Therefore from April 1st, 2008 Income tax department has mandated the TDS payment online for the income taxpayers. There is no time restriction on the TDS payment online. TDS deposit online is available 24*7*365 days.

Where do I enter my CIN for TDs?

The taxpayer receives CIN (Challan Identification Number) when the payment is done to a bank or any other source that accepts TDS payments. Thereafter the taxpayer can log in to TIN-NSDL and enter the CIN that he received to check the tax payment details online.

When does TDs have to be deducted from paycheck?

If salary is paid in advance or arrears of salary are paid, then TDS is to be deducted at that time itself. For all other payments, TDS is to be collected at the time of payment or credit of income, whichever takes place before.

Who is required to issue a TDS certificate?

After depositing the TDS with the Income Tax Department, as per Section 203, the deductor is required to issue a TDS Certificate to the person on behalf of whom the tax payment was made. The TDS Certificate or Form 16 / Form 16A (as applicable) should be issued on an annual or quarterly basis.