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Due date ETDS return 24Q, 26Q 27Q and Form16 ,Form 16A

S.No. Quarter
ending
From 01.11.2011 on
wards For Govt. Offices
For other deductors
Etds return Form 16A Etds
return
Form 16A
1 31st June 31st July 15th Aug 15th july 30th July
2 30th Sep. 31st Oct. 15th Nov 15th Oct. 30th Oct.
3 31st Dec. 31st Jan. 15th Feb 15th jan. 30th jan.
4 31st March 15th May 30 may(31st may
for Form 16)
15th May 30th May(31st may
for Form 16)

Due date to Deposit TDS and TCS:

"Time and mode of payment to Government account of tax deducted at source or tax paid under sub­ section (1A) of section 192.

Rule :30.

(1) All sums deducted in accordance with the provisions of Chapter XVII­B by an office of the Government shall be paid to the credit of the Central Government ­

(a) on the same day where the tax is paid without production of an income­tax challan; and

(b) on or before seven days from the end of the month in which the deduction is made or income­tax is due under sub­section (1A) of section 192, where tax is paid accompanied by an income­tax challan.

Tax to be deducted/collected by Govt Office
1 Tax deposited without challan Same Day
2 Tax deposited with challan 7th of next month
3 Tax on perquisites opt to be deposited by the employer 7th or next month

(2) All sums deducted in accordance with the provisions of Chapter XVII­B by deductors other than an office of the Government shall be paid to the credit of the Central Government ­

(a) on or before 30th day of April where the income or amount is credited or paid in the month of March; and

(b) in any other case, on or before seven days from the end of the month in which­


  1. the deduction is made; or
  2. income­tax is due under sub­section (1A) of section 192.
Tax deducted/collected by other
1 tax deductible in March 30th April of next year In case of TCS 7th April
2 other months & tax on perquisites opted to be deposited by employer 7th of next month

(3) Notwithstanding anything contained in sub­rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:­

Sr.NO Quarter ended on Date of Payment
1 30th June 7th July
2 30th Sept. 7th Oct.
3 31st Dec. 7th Jan.
4 31st March 30th April


TDS (Tax Deduction at source) RATES FOR FINANCIAL YEAR 2013-14

Sl. No.
Section Of Act
Nature of Payment in brief
CUT OFF
Rate %
HUF/IND
Others
1
192
Salaries

Average Rate
2
193
Interest on debentures
5000
10
10
3
194
Deemed dividend
-
10
10
4
194A
Interest other than Int. on securities (by Bank)
10000
10
10
4A
194A
Interest other than Int. on securities (By others)
5000
10
10
5
194B
Lottery / Cross Word Puzzle
10000
30
30
6
194BB
Winnings from Horse Race
5000
30
30
7
194C(1)
Contracts
30000
1
2
8
194C(2)
Sub-contracts/ Advertisements
30000
1
2
9
194D
Insurance Commission
20000
10
10
10
194EE
Payments out of deposits under NSS
2500
20
-
11
194F
Repurchase of units by MF/UTI
1000
20
20
12
194G
Commission on sale of lottery tickets
1000
10
10
13
194H
Commission or Brokerage
5000
10
10
14
194I
Rent (Land & building) furniture & fittings)
180000
10
10
Rent (P & M , Equipment)
180000
2
2
15
194 IA
TDS on transfer of immovable property other than agriculture land (wef 01.06.13)
50 Lakh
1
1
16
194J
Professional/Technical charges/ Royalty & Non-compete fees
30000
10
10
17
194J(1)(ba) 
Any remuneration or commission paid to director of the company (Effective from 1 July 2012)
        NIL
10
10
18
194LA
Compensation on acquisition of immovable property
200000
10
10

Note:

  1. 1. Yearly Limit u/s 194C: Where the aggregate of the amounts paid/credited or likely to be paid/ credited to Contractor or Sub-contractor exceeds Rs.75,000 during the financial year, TDS has to be deducted u/s 194C.
  2. TDS at higher rate ie., 20% has to be deducted if the deductee does not provide PAN to the deductor.(read detail u/s 206AA)
  3. No TDS on Goods Transport :No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages on furnishing of his Permanent Account Number, to the person paying or crediting such sum.(read details here No TDS on Goods Transport )
  4. Surcharge on tax is not deductible / collectible at source in case of resident individual/ HUF / Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.
  5. Surcharge on TDS is applicable on payment made to nonresident other than company, if payment is in excess of one crore.(10 %)
  6. Surcharge on TDS on salary is applicable if taxable salary is more than one crore @ 10 %
  7. In the case of Company other than Domestic Company,
    1. at the rate of two per cent. of such tax, where the amount or the aggregate of such amounts collected and subject to the collection exceeds one crore rupees but does not exceed ten crore rupees;
    2. at the rate of five per cent. of such tax, where the amount or the aggregate of such amounts collected and subject to the collection exceeds ten crore rupees.
  8. No Cess on payment made to resident: Education Cess is not deductible/collectible at source in case of resident Individual/HUF/Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary.Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.
Various situations and Surcharge /Cess applicable on TDS/TCS
Payment to
payment
Surcharge
Cess
Resident
Non-corporate
salary(up to 1 crore)
No
yes(3%)
Non-corporate
salary(> I crore)
yes (10%)
yes (3%)
Non-corporate
other than salary
No
No
Corporate
other than salary
No
No
Non-Resident
Non-corporate
salary(up to 1 crore)
No
yes (3%)
Non-corporate
salary(> I crore)
Yes (10 %)
yes (3%)
Non-corporate
other than salary up to 1 Crore
 No
yes (3%)
Corporate
other than salary (> 1 Crore to 10 crore)
yes(2%)
yes (3%)
Corporate
other than salary > 10 Crore
yes(5%)
yes (3%)

TDS by Individual and HUF (Non Audit) case not deductible

An Individual or a Hindu Undivided Family whose total sales, gross receipts or turnover from business or profession carried on by him does not exceeds the monetary limits(Rs.100,00,000 in case of business & Rs.25,00,000 in case of profession) under Clause (a) or (b) of Sec.44AB during the immediately preceding financial year shall not be liable to deduct tax u/s.194A,194C, 194H, 194I & 194J.So no tax is deductible by HUF/Individual in first year of operations of business even sales/Fees is more than 100/25 Lakh.


TCS (tax collection at source rates fy 2013-14)

Sl.No.
Nature of Goods
Rates in %
1
Alcoholic liquor for human Consumption
1
2
Tendu leaves
5
3
Timber obtained under  forest lease
2.5
4
Timber obtained by any mode other than a forest lease
2.5
5
Any other forest produce not being timber or tendu leaves
2.5
6
Scrap
1
7
Parking lot
2
8
Toll plaza
2
9
Mining & Quarrying
2
10
Minerals, being coal or lignite or iron ore 
1 wef 01.07.2012
11
Bullion or jewellery (if the sale consideration is paid in cash exceeding INR 5 lakhs in jewellery and two lakh in case of Bullion) 
1 wef 01.07.2012