TDS Return Forms We File

Form	Covers	Quarterly Due Dates
Form 24Q	TDS on salary (Section 192)	Q1: 31 Jul | Q2: 31 Oct | Q3: 31 Jan | Q4: 31 May
Form 26Q	TDS on non-salary payments (contractor, rent, professional fees, etc.)	Same as above
Form 27Q	TDS on payments to NRIs	Same as above
Form 27EQ	TCS (Tax Collected at Source)	Same as above

What We Handle

• Monthly TDS deduction calculation across all payment categories
• TDS payment via Challan 281 before the 7th of each month
• Preparation and e-filing of quarterly TDS returns
• Generation and distribution of Form 16 (salary) and Form 16A (non-salary)
• Correction of TDS returns if there are mismatches or errors
• Response to TDS notices from the Income Tax Department
• 26AS / AIS reconciliation for your deductees

Key TDS Sections & Rates

Section	Payment Type	TDS Rate	Threshold
192	Salary	Slab rate	Basic exemption limit
194A	Interest (bank/other)	10%	₹40,000 (₹50,000 seniors)
194C	Contractor / sub-contractor	1% / 2%	₹30,000 per payment / ₹1 lakh per year
194H	Commission / brokerage	5%	₹15,000 per year
194I	Rent (land/building)	10%	₹2.4 lakh per year
194J	Professional / technical fees	10% / 2%	₹30,000 per year
194Q	Purchase of goods	0.1%	₹50 lakh per year per seller

Penalties for TDS Non-Compliance

• Interest u/s 201(1A): 1% per month for late deduction; 1.5% per month for late payment after deduction
• Late filing fee u/s 234E: ₹200 per day until return is filed (capped at TDS amount)
• Penalty u/s 271H: ₹10,000 to ₹1,00,000 for incorrect or non-filing of TDS returns
• Expense disallowance u/s 40(a)(ia): 30% of expense disallowed if TDS not deducted

TDS Return FAQ

Who is required to deduct TDS?

Any business (company, firm, or individual with audit obligation) that makes specified payments above threshold limits must deduct TDS and file quarterly returns.

What is the due date for TDS payment?

TDS deducted must be deposited by the 7th of the following month (except March — 30 April for salary TDS, 31 March for others).

What is Form 16 and when must it be issued?

Form 16 is the TDS certificate for salary employees. It must be issued by 15 June for the previous financial year. Form 16A is for non-salary TDS and must be issued within 15 days of the due date of the quarterly return.