Rs.1499/- 

TDS means Tax Deducted at Source. It is the amount deducted from payments of various kinds such as salary, contract payment, commission etc. This deducted amount can be adjusted against the tax due of the deductee.

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Who is required to file TDS Return?

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Following deductors are required to compulsorily e-file their TDS Return:

• All Government Offices

• All companies

• Every person who is required to get his accounts audited

• Any other deductor, where number of deductees records in a return for any quarter of the financial year are 20 or more.

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What is TDS Return?

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TDS Return is also known as TDS Statement. It is a summary of all the transactions related to TDS made during a quarter of a financial year. It needs to be submitted to the income tax department quarterly before due date. TDS return contains details of TDS deducted and deposited by a deductor. TDS return has basic details of deductor and deductee like PAN, TAN etc, TDS Challan information, deduction details and other information as required by the government.

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What are the different types of TDS Returns?

Form 24Q - TDS deducted on Salary Payments

Form 26Q - TDS deducted on Payments Other than Salary

Form 27Q - TDS deducted on NRI Payments other than Salary

Form 27EQ - TCS on Income