Tax Deducted at Source (TDS) is income tax deducted from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest, etc. by the persons making such payments.
TDS on salary is a tax deducted by the employer at the time of paying the salary to the employee. Your money is deducted and deposited on your behalf to the government by the employer.
The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government.
The deductee from whose income tax has been deducted at source would be entitled to get a credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor.
Pre-Requisites for Uploading TDS Statement:
- To upload TDS, the user should hold a valid TAN and should be registered in e-Filing.
- The statement should be prepared using the Return Preparation Utility (RPU) and validated using the File Validation Utility (FVU). The utilities can be downloaded from the tin-nsdl website (https://www.tin-nsdl.com/).
- Valid DSC should be registered in e-Filing. (In order to upload using DSC)
- Pre validate Principal Contact’s “Bank Account/Demat Account details“or link. Principal Contact’s PAN with Aadhaar. (In order to upload using EVC).
How to file TDS online:
Step 1: Go to http://incometaxindiaefiling.gov.in/ and click on ‘Login Here’.
Step 2: Enter your login credentials and click on ‘Login’. Your user ID will be your TAN.
Step 3: Enter Captcha and click the “Login” button.
Step 4: Once you’ve logged in, click on the “TDS” menu and select “Upload TDS” from the drop-down list.
Step 5: You will be provided with a form where you will need to select the correct details. Once the details are selected, click on Validate.
Note: TDS statements can be uploaded only from FY 2010-11 and only regular statements can be uploaded on the income tax website.
Step 6: The returns can be validated through the following modes:
- Validate using DSC or Digital Signature Certificate. The TDS statements can be uploaded using DSC. To upload using DSC, first upload the TDS zip file and also attach the digital signature file. Then, click on Upload. Once the TDS statement is uploaded, a success message will appear on the screen and a confirmation mail will be sent to your registered email ID.
- Validate using EVC or Electronic Verification Code. After step 4, if you haven’t generated a DSC, you will be able to validate the TDS statements using an electronic verification code (EVC).
Step 7: Upload the TDS zip file and click on ‘Click here to E-verify’.
Step 8: You can validate the form either by using a Digital Signature Certificate (DSC) or an Electronic Verification Code. Once you are done with form validation, submit the form.
Note: Once the TDS is uploaded, a success message will be displayed on the screen. A confirmation mail is sent to the registered email ID.
