TDS (Tax Deducted at Source) filing is a mandatory compliance for employers, companies, and other entities who deduct tax while making specified payments such as salary, rent, interest, professional fees, or commission.
Regular filing ensures that your deducted taxes are accurately reported and deposited with the Income Tax Department.
✅ Key Points About TDS Filing:
- Quarterly Filing: TDS returns must be filed every quarter – April–June, July–September, October–December, and January–March.
- Applicable Forms: Form 24Q (Salary), Form 26Q (Other payments to residents), Form 27Q (Payments to non-residents), and Form 27EQ (TCS returns).
- Accuracy & Reconciliation: All challans and deductions must match before submission to avoid processing errors and notices.
Note: Late filing or incorrect TDS returns can attract penalties under Section 234E and Section 271H of the Income Tax Act. Timely and accurate filing helps maintain compliance and avoid interest charges.