On-Time TDS Filing & Compliance | Quarterly Tax Deduction Returns
Expert TDS (Tax Deducted at Source) quarterly filing with careful reconciliation. All TDS sections (194C, 194H, 194J) covered. Thorough reconciliation, timely deadlines. ₹1,000-3,500/quarter. 300+ businesses.
What Is TDS (Tax Deducted at Source)?
TDS Definition
TDS is tax collected from payments made to contractors, professionals, vendors. You deduct tax and pay to government.
Example: Paying ₹1,00,000 to contractor → Deduct 5% TDS (₹5,000) → Pay ₹95,000 to contractor, ₹5,000 to government.
Authority: Central Board of Direct Taxes (CBDT)
TDS Sections You Need to Know
Section 194C: Payments to contractors (construction, repairs) - 1% TDS
Section 194H: Commissions (insurance, travel agents) - 5-10% TDS
Section 194J: Professional fees (CA, lawyers, consultants) - 10% TDS
Section 194K: Bank interest - 10% TDS
Section 194LA: Property sale - 1% TDS
TDS Filing Requirements & Deadlines
| Quarter | Period | TDS Form | Filing Deadline | Penalty if Late |
|---|---|---|---|---|
| Q1 | Apr-Jun | 24Q | 31st July | ₹500/day |
| Q2 | Jul-Sep | 24Q | 31st Oct | ₹500/day |
| Q3 | Oct-Dec | 24Q | 31st Jan | ₹500/day |
| Q4 | Jan-Mar | 24Q | 31st May | ₹500/day |
TDS Payment & Filing Process
Step 1: Collect Deductee Details (Throughout quarter)
Gather PAN, name, amount details for all deductees
Step 2: Calculate TDS (Before deadline)
Calculate TDS for each deductee based on applicable section
Step 3: File 24Q Return (Before deadline)
Submit TDS return on e-filing portal via Form 24Q
Step 4: Generate Certificates (After filing)
Issue TDS certificate (Form 16A) to each deductee
TDS Reconciliation & Deductee Matching
We match:
- TDS deducted vs TDS paid to government
- 26Q (deductee received TDS) vs your 24Q (deducted amount)
- Identify discrepancies before audit
- Ensure all deductees match between your records and deductee side
Frequently Asked Questions
Who needs to file TDS returns?
Any business making payments to contractors/professionals >₹30,000/month. Quarterly filing mandatory.
When is TDS payment deadline?
Before TDS return filing deadline (31st July, 31st Oct, 31st Jan, 31st May).
What if I don't file TDS?
₹500/day penalty, prosecution risk, bank account flagged by Income Tax Department.
Do I need to provide TDS certificate to deductees?
Yes. File Form 16A to each deductee by 1st July following financial year.
What if TDS deducted doesn't match 26Q?
Common issue. 26Q comes from deductee's side. We reconcile and file correction returns if needed.
Can I pay TDS after filing return?
No. Pay first, then file. If not paid, return is incomplete and attracts penalty.
What documents do I need for TDS filing?
Payment details, deductee PAN, invoice amounts, TDS deducted. That's it.
How much is TDS for different services?
194C (contractors): 1%, 194J (professionals): 10%, 194H (commission): 5-10%, 194K (interest): 10%.
Can I file TDS for previous quarters?
Yes, we file back-filings. Penalties still apply but we minimize interest.
What if deductee provides wrong PAN?
File with information available. Reconciliation happens later when deductee's side is updated.
Why Hyderabad Contractors & Professionals Choose Tax Garden for TDS
Serving contractors, consultants, and businesses making professional payments. Reliable, on-time TDS filing for 300+ clients in Hyderabad.
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Why Tax Garden for TDS Filing?
Reliable on-time quarterly filing to reduce exposure to penalties
All TDS sections covered: 194C, 194H, 194J
Thorough reconciliation: 26Q vs 24Q matching
Certificate generation: Form 16A to all deductees
Audit-ready filing, 3+ year track record
Expert deductee tracking with complete audit trail
Penalty minimization: expert defense if notice received
Quarterly automation: set-and-forget filing
Questions? Our team is here to help.