TDS Return

Returns of tax deduction

 

Particulars

Form No.

Time

Tax Deduction at lower rate

Salary

[Sec. 192]
  • Tax deducted from contribution paid by trustees of an approved superannuation fund
  • Quarterly Return

Format is given under Rule 33

 

 

24Q

May 31

Every year

 

15 days after the expiry of each quarter (45 days in the case of last quarter)

The recipient may apply to Assessing Officer in Form No. 13

 

 

Dividends

(Sec. 194]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)
  • Apply in Form No. 13 to Assessing Officer
  • The recipient may make a declaration in Form No. 15G.

Interest Other Than Interest on Securities

[Sec. 194A]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)
  • Apply in Form No. 13 to Assessing Officer
  • Make a declaration in form No. 15G to the payer of interest

Payment to Contractors/Sub-Contractors

[Sec. 194C]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)

Apply in Form No. 13 to the Assessing Officer

Insurance Commission

[Sec. 194D]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)

Apply in Form No. 13 to the Assessing Officer

National Savings Scheme

[Sec. 194EE]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)

Make declaration in Form No. 15G to the payer

Equity Linked Savings Scheme

[Sec. 194F]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)

----

Commission on Sale of Lottery Ticket

[Sec. 194G]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)

Apply to the Assessing Officer in Form No. 13

Commission or Brokerage

[Sec. 194H]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)

Apply in Form No. 13 to the Assessing Officer

Rent

[Sec. 194-I]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)

Apply in Form No. 13

Fees for Professional or Technical Services

[Sec. 194J]
  • Quarterly Return

26Q

15 days after the expiry of each quarter (45 days in the case of last quarter)

Apply in Form No. 13

Payment to non-resident

[Sec. 195]
  • Quarterly Statement of Amount Paid

27Q

15 days after the expiry of each quarter (45 days in the case of last quarter)
  • Apply in Form No. 15C/15D to the Assessing Officer
  • Apply in Form 13 to the Assessing Officer

 

  • If recipient is a non-resident (other than a foreign company), surcharge @ 10 percent is applicable during the financial year 2013-14 for TDS purposes only if payment subject to TDS exceeds Rs. 1 crore. Moreover, if the recipient is a foreign company surcharge is applicable only if payment/credit exceeds Rs. 1 crore (surcharge is 2 percent of TDS if payment/credit is more than Rs. 1 crore but not more than Rs. 10 crore, it is 5 percent of TDS if payment/credit exceeds Rs. 10 crore). Education cess and secondary and higher education cess are applicable during the financial year 2013-14 for the purpose of TDS if recipient is a non-resident or a foreign company. If the recipient does not furnish his PAN to the deductor, tax will be deducted (with effect from April 1, 2010) at the normal rate or at the rate of 20 percent, whichever is higher. PAN of the deductee should be mentioned in any correspondence and document which is exchanged between the deductor and deductee.
  • If return is submitted in computer media, it should be accompanied by Form No. 27A.
  • 31 days if the deductor is an office of the Government (applicable from November 1, 2011)
  • Form No. 15H in the case of a senior citizen.