TDS Return Filing

A Company or any person making payment is required to deduct tax at Source if the payment exceeds the prescribed threshold limit.

Seek Free Advice

4.9 of 5
4.5 of 5
4.5 of 5

What is TDS Return Filing?

TDS is the abbreviation for tax deducted at Source. A Company or any person making payment is required to deduct tax at Source if the payment exceeds the prescribed threshold limit. The Income-tax Department of our country decides the rate at which the TDS will be deducted. The entity/ individual which deducts the said amount is termed as Deductor, and the person whose tax is deducted is termed as Deductee. It becomes the responsibility of the Deductor to deduct the TDS before making the payment and deposit it to the government. With Corpbiz, TDS Return filing becomes easy as we have the Auto-PAN bulk verification to avoid chances of errors in your TDS returns.

What are The Categories Under Which TDS Return is Filed in The Case of Individuals and Businesses?

The employer in a company has a valid TAN (Tax Collection and Deduction Account Number) through which they can file for TDS Return. The payment categories under which TDS Return is filed in case of individuals and businesses are:

  • Salary of an individual
  • Insurance Commission or the Income from any other sources like lottery puzzles etc.
  • Payment from the National saving Scheme.

The assesses needs to file the penalty for delay within the due date. The categories under which there is eligibility to file the TDS Return every quarter are electronically:

  • Company
  • Individuals whose accounts are audited under u/s 44AB
  • Individuals were holding office under the government.

What are The Benefits of Filing The TDS Return?

According to the Income Tax Act 1961, filing TDS Return is mandatory for an individual or any business entity.

  • TDS Return filing on time helps the government in tracking the records of the inflow of Income.
  • The Return from the TDS Return filing is used for the welfare of the Nation.
  • Since the tax is paid on a quarterly basis, so there is no burden of paying the lump sum tax at once.

What are The Documents Required For Filing The TDS Return?

Following documents needs to be submitted while filing the TDS Returns online:

  • TAN (Tax Collection and Deduction Account Number) and PAN (Permanent Account Number).
  • Incorporation Date of the Business.
  • Period for which the TDS is to be filed.
  • Last TDS filing details.

What is The Procedure For Filing The TDS Return?

The TDS Return filing contains the details of total TDS deducted and the amount deposited by Deductor, TAN/PAN of the Deductor and Deductee, challan information etc.

Following are the various types of TDS Return filing forms prescribed under TDS:

Prescribed Form

Purpose Of TDS


TDS from Salary


TDS from all payments except the salary


TDS for the rent payment exceeding INR 50,000.


TDS from another source of earning such as Dividend funds, interest from savings, or fixed deposits.


The tax collected at Source

What is The Penalty if The Deductor Defaults in His Duties to File The TDS Return Filing?

Any individual or any business entity who fails to file the TDS Return by the due dates as prescribed has to pay the late filing fee as a penalty.

  • Late TDS Return filing as per section 234E

    It is a sum of Rs. 200 for every day for which such TDS return filing failure continues. The late fees shall not exceed the amount of TDS Return filing. Before the TDS Return Filing, the late TDS return filing fee is required to be deposited.

  • The penalty under section 271H

    The assessing officer has the power to direct the defaulter to pay the penalty, which can be a minimum of Rs. 10,000 up to the maximum of Rs.1 lakh. This penalty is in addition to late TDS return filing fees mentioned above.

    Apart from the delay in TDS return filing, a penalty is also attracted in the event of the incorrect filing of the TDS Return.


TDS return status of the taxpayer can be checked online by providing the PAN No and Provisional receipt no or Token No on the link of the NSDL website
Yes, PAN of both the deductor and the deductee is mandatory in filing of TDS Returns.
If there is any error in filing of TDS returns for instance incorrect PAN or any other detail which is not correctly filled, the tax amount that was paid to the Government will not show under Form 16 or 16A or 26AS. Under such circumstances, the TDS Returns needs to be filed again.
Any excess TDS amount paid by the assessee gets refunded. The time period of TDS refund amount depends on when you have filed your income tax return that is on due date or before the due date . In case the TDS amount is filed on time then the excess TDS amount will be refunded between three to six months.
As per S.203 of Income Tax Act, 1961, every individual Deducting Tax at Source (TDS) needs to issue a certificate to the payee (a person to whom money is paid or is to be paid). The amount of tax deposited by the deductor is shown in TDS Certificate.

Get Quick Assistance

We're happy to help you.

Contact Us

Why Us?

100% Success or Money Back Guarantee
Excellent Advisory
Experts Across India
Strong Team
Trust Based Solutions
Contact Us
Provide the Documents
Do Payment
Get Service Delivered


Clients Served

Cities Served



Services Providing

Subscribe to Our Newsletter

Get latest information and offers

We'll never share your email with anyone else.

Contact Us