Tuesday 30 June 2015

Procedure for TDS Payment Online

The following procedure is to be followed for making Payment of Tax Deducted at Source. It shall be noted that TDS Payments cannot be made without a valid TAN No. In case, you still dont have a TAN No., refer article on How to apply for TAN No.
tds-payment
  • Enter your TAN No. based on which there would be an online check on the validity of the TAN entered for TDS Payment
  • If the TAN entered by the taxpayer is found to be valid, the taxpayer would be allowed to fill up other challan details like the accounting head under which the payment is to be made, name and address of TAN etc.
  • On submission of the data, a confirmation screen would be displayed. If the taxpayer confirms the data entered in the challan, the page would be routed to the net-banking page of the bank as mentioned by you in the challan through which the payment is to be made.
  • The Taxpayer would now be required to login to the net-banking page of the bank with the user-id and the password as allocated by the banker and make the TDS Payment
  • On successful TDS Payment, a challan counterfoil would be displayed containing the Challan Identification Number (CIN), payment details and the bank name through which e-payment has been made. The counterfoil is proof of the payment being made. You can also verify the status of the challan in the “Challan Status Inquiry” on the NSDL-TIN website after a week of making the payment using the CIN so generated
After depositing the TDS with the Income Tax Department, the Deductor shall issue a TDS Certificate in Form 16/ Form 16A on an annual/quarterly basis as may be applicable
If any problem encountered at the NSDL website while entering non-financial data then contact the TIN Call Center at 020 – 27218080 email them at e-tax@nsdl.co.in. If any problem encountered while entering the financial details at the net-banking webpage of your bank, then you should contact your banker for assistance.

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