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FAQ

  • Taxeon is a web based software application for preparing TDS return electronically.
  • It adhere all the requirements of income tax department, government of India.
  • This application helps the users to prepare TDS return in various forms like 24Q, 26Q and 27Q.
  • Since it is a web based application the users can use at any time anywhere
  • It never requires installation in your system and never required to update.

Preparation of TDS Return in the following forms

  • Form 24Q (Salary Payments)
  • Form 26Q (Non-Salary Payments)
  • Form 27Q (Non- Salary payment to Non-residents)

You can start using the application in three simple steps;

  • Register in www.taxeon.in using your email id and mobile number
  • The application will generate email OTP and mobile OTP
  • Verify your account using the above said OTPs

You can use any email id and mobile number for registering in taxeon. Since further communications and reminders are directed to registered email id we recommend you to use official email id and mobile number.

No you can’t change the registered email id

Yes, you can change the registered mobile number

The following details are required for preparing TDS Return

Master data Others
The permanent data which need not be entered in each time of filing The transactional data for the period of filing
Deductor Details Challan details
Authorised signatory details Deduction details
Deductee details

The following details of deductor are required

  • TAN
  • Name
  • Address for communication
  • Email
  • Phone number
  • Type of deductor
  • AIN – Account office Identification Number

Mainly the deductors are classified into two;

  • Government deductor
    • State Government deductor
    • Central government deductor
  • Non-Government Deductor
Government Deductor Non-GovtDeductor
State GovtDeductor Central GovtDeductor
State Government Department Central Government department Individual/HUF
Statutory body (State Govt.) Statutory body (Central Govt.) Firm
Autonomous body (State Govt.) Autonomous body (Central Govt.) Company
Association of Person (AOP)
Local Authority (State Govt.) Local Authority (Central Govt.) Association of Person (Trust)
Artificial Juridical Person
Body of Individuals

Details Required

AIN of PAO/DDO
PAO Code
DDO Code
PAO Registration Number
DDO Registration Number

Type

Mandatory
Optional
Optional
Optional
Optional

Details Required

AIN of PAO/DDO
Ministry Name
PAO Code
DDO Code
PAO Registration Number
DDO Registration Number

Type

Mandatory
Mandatory
Optional
Optional
Optional
Optional

AIN stands for Accounts Office Identification Number (AIN). The Pay and Accounts Office (PAO)/ District Treasury Office (DTO)/ Cheque Drawing and Disbursing Office (CDDO) are required to obtain AIN.

You can collect it from your concerned treasury. AIN is a seven digit number

You can collect it from your concerned treasury. AIN is a seven digit number

Sure, in case of any change you can modify the deductor details. In our application whenever you are login for filing the returns, the application will prompt for updating the changes in deductor details. This will help the users to keep the deductor details updated.

Authorised person is the person responsible to file the return on behalf of the deductor.
Example
Government Higher secondary school kerala is a deductor and the authorised person of the above deductor is principal of the school

The following details of deductor are required

  • PAN
  • Name
  • Fathers name
  • Adress for communication
  • Email
  • Phone number / Mobile number

Sure, in case of any change you can modify the authorised person’s details. In our application whenever you are login for filing the returns, the application will prompt for updating the changes in authorised person’sdetails. This will help the users to keep the authorised personsdetails updated.

Government Deductors Non-Government Deductors
  • Government deducotrs usually make payment through treasury.
  • In such cases the payment is treated as made through book entry
  • Non Governemntdeductors usually make payment through challan Number 281
  • In case of book entry treasury will allot you a receipt number and DDO serial number
  • In case of challan bank will allot you a BSR Code and Challan number
  • Please note that DDO serial number is a 5digit number
  • Please note that challan number is a 5 digit number
  • Receipt number is 7 digit number
  • BSR code is a 7 digit number

For a book entry payment the user require the following details

  • The amount of payment
  • AIN – Account Office Identification Number
  • Date of payment
  • DDO Serial number
  • Receipt Number
  • Amount of payment

You will get the details from the following link
https://onlineservices.tin.egov-nsdl.com/TIN/JSP/etbaf/ViewBIN.jsp

viewBin

What are the nature of payments in Bin View?

  • TDS-Salary – Form 24Q
  • TDS-Non Salary – Form 26Q
  • TDS-Non Salary –Non-resident – 27Q
  • TCS-Form 27EQ
  • All types

To obtain the TDS from salary you have to select TDS-Salary – Form 24Q

After entering all the details and captcha code you will be directed to a page where we get the receipt number and DDO serial number. You can match the TDS amount in that window.

viewBinmatch viewBinEx unmatchBIN

Matching of BIN is mandatory, since unmatched bins leads to defaults in TDS Returns. In case the BIN is no matched please contact your treasury office at the earliest.

Sure, you can modify it before validating the TDS Returns.

If the deductor made a payment through a challan the bank will provide a copy of challan. From that challan you will get all the required details. For a challan the following details are reuiqred

  • Date
  • Challan NO
  • BSR CODE
  • Amount

Yes, you can verify the challan details from https://tin.tin.nsdl.com/oltas/

Sure you can change in case of any change or mistake

Deductee is the person from whom tax is deducted
Example:
If Government Higher secondary school Kerala deducts tax from salary of Mr.sooraj.
Here Mr sooraj is the deductee

The following details of deductee are required

Salary dedcutees Non Salary deductees Non Salary Non resident deductees
  • PAN
  • Name
  • Category
  • Employee ID if available
  • PAN
  • Name
  • Type of deductee
  • PAN
  • Name
  • Type of deductee
  • Country

The following are the deducteecatagories

  • Women
  • Senior citizen
  • Super senior citizen
  • Other

Who is a senior citizen?

A person having age more than 60

Who is a super senior citizen?

A person having age more than 80

The following are the deductee types

  • Non Company – Individual/HUF – the fourth digit of PAN is P
  • Company – All persons other than Individuals/HUF – the fourth digit of PAN is other than P

Sure you can modify the deductee details in case of any changes or mistakes

What is deduction?

The amount deducted from any payment by a deductor from a deudctee
Example
Rs 5000/- is deducted from sooraj out of his monthly salary of Rs 50000/- by govt higher secondary school kerala
Deductor – Government higher secondary school
Deductee – Sooraj
Amount Paid – 50000/-
Deduction – 5000/-

  • Amount Paid
  • Deduction
  • Date of Deduction

Example

  • Rs 5000/- is deducted from sooraj out of his monthly salary of Rs 50000/- for the month of April 2018 by government higher secondary school kerala
  • Deductor – Government higher secondary school
  • Deductee – Sooraj
  • Amount Paid - 50000/-
  • Deduction – 5000/-
  • Deduction date – 30-April -2018

For Government deductors:

Return Period Q1 Q2 Q3 Q4
Salary for March April May June July Aug Sept Oct Nov Dec Jan Feb
Bill Cleared in April May June July Aug Sept Oct Nov Dec Jan Feb March
BIN Date 30th April 31st May 30th June 31st July 31st Aug 30th Sept 31st Oct 30th Nov 31st Dec 31st Jan 28th Feb 31st March

For non-government deductors, the salary from april to march will be considered in the same month itself.

Sure, you can change the deduction details in case of any mistakes.

  • Enter validate my return button
  • Download the folder available in the website
  • Print out the form 27A
  • Submit the downloaded form along with signed 27A to the nearest TIN-FC

Yes you can authorise taxeon for filing the return so generate.

  • Enter authorise button in you dash board
  • Sent signed form 27A to the address provided
  • Taxeon will upload your provision receipt within 24 hours.

TDS FAQ

  • The different modes of collection of taxes are
    • Advance Tax
    • TDS
    • TCS
    • Self-assessment tax
  • TDS is 1 of the modes of collection of taxes, by which a certain percentage of amounts are deducted by person at the time of making / crediting certain specific nature of payment to other person
  • It envisages the principle of “pay as you earn”
  • It facilitates sharing of responsibility of tax collection between the deductor and the tax administration.
  • It ensures regular inflow of cash resources to the exchequer
  • Tax must be deducted at the time of payment in cash or cheque or credit to the payee’s account whichever is earlier.
  • Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax.
  • However in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if the turnover or professional receipt exceeds sum of Rs. 40 lakh or Rs. 10 lakh respectively (the limits will be Rs.60 Lakh or Rs. 15 Lakh respectively w.e.f. 01.07.2010) in previous year, he is required to deduct tax at source.
  • Principal Officer of a company for TDS purpose including the employer in case of private employment or an employee making payment on behalf of the employer.
  • DDO (Drawing & Disbursing Officer), In case of Govt. Office any officer designated as such.
  • Such person is called Deductor while the person from whom the tax is deducted is called Deductee.
  • The person who deducts tax from any specified payment to deductee. It may a deduction from salary payments or non-salary payments.
    Example:
    If Government Higher secondary school Kerala deducts tax from salary of Mr.sooraj, Government Higher secondary school Kerala is the deductor

Mainly the deductors are classified into two;

  • Government deductor
    • State Government deductor
    • Central government deductor
  • Non-Government Deductor
Government Deductor Non-GovtDeductor
State GovtDeductor Central GovtDeductor
State Government Department Central Government department Individual/HUF
Statutory body (State Govt.) Statutory body (Central Govt.) Firm
Autonomous body (State Govt.) Autonomous body (Central Govt.) Company
Association of Person (AOP)
Local Authority (State Govt.) Local Authority (Central Govt.) Association of Person (Trust)
Artificial Juridical Person
Body of Individuals
  • Obtain TAN
  • He/She should obtain PAN of the deductee.
  • He/She should deduct the tax at correct rate.
  • Deposit the deducted tax in to central government account within the stipulated time.
  • File statements of tax deduction in the prescribed form.
  • File statements of tax deduction in the prescribed time.
  • Issue TDS certificates as per existing procedure and within the time prescribed by the law for the time being.
  • Every deductor is required to obtain a unique identification number called TAN (Tax Deduction Account Number) which is a ten digit alpha numeric number e.g.CHND01234K
  • This number has to be quoted by the deductor in every correspondence related to Income Tax matters concerning TDS.
  • Deductee is the person from whom tax is deducted
    Example:
    If Government Higher secondary school Kerala deducts tax from salary of Mr.sooraj. Here Mr sooraj is the deductee
  • Collect tax at higher of applicable rate or 20%.
  • Govt. deductors shall transfer the tax deducted through book entry in Government account.
  • Non-government deductors, the tax deducted has to be deposited in the designated banks.
  • To deposit in the designated bank the deductor should use Challn No 281

Deducted in

April to February
March

Due date

On or before 7th of next month
On or before 30th of April

Type of deduction

TDS from Salary payments
TDS from non-salary payament to a resident
TDS from non-salary payment to a non-resident

Form

Form 24Q
Form 26Q
Form 27Q

Period

Q1 – April to June
Q2 – July to September
Q3 – October to December
Q4 – January to March

Due Date

31st July
31st October
31st January
31st May

Return Forms Form No. Periodicity Due date
Form 24Q 16 Annual By 15th day of June of the financial year immediately following the financial year in which the income was paid and tax deducted
Form 26Q 16A Quarterly Within fifteen days from the due date for filing the statement of tax deducted at source

The nature of payment can be classified into

  • Salary Payment
  • Non Salary Payment

The following are the deductee catagories

  • Women
  • Senior citizen
  • Super senior citizen
  • Other
  • Individuals having age between 60 to 80 years
  • Super senior citizen – person having age more than 80 years
Individuals
Total Income Tax Rates
IT SC Cess
Upto 250000 NIL NIL NIL
250010 - 500000 5% NIL 3%
500010 - 1000000 20% NIL 3%
Above 1000000 30% nil 3%
Very Senior Citizen
Total Income Tax Rates
IT SC Cess
upto - 500000 NIL NIL NIL
500010 - 1000000 20% NIL 3%
Above 1000000 30% nil 3%
Senior Citizen
Total Income Tax Rates
IT SC Cess
Upto 300000 NIL NIL NIL
300010 - 500000 5% NIL 3%
500010 - 1000000 20% NIL 3%
Above 1000000 30% nil 3%
Surcharges
Total Income Surcharges
50 Lakhs to 1 Crore 10%
1 Crore above 15%
Rebate u/s 87A
Total Income Rebate
Upto 350000 2500 or 100% whichever is lower
Above Rs 350000 Nil

The following are the steps to be followed by a deductor to deduct tax from salary payments

  • Obtain an anticipatory statement for the next financial year in the month of March/April
  • Start deduction of tax from April onwards in equal instalments of twelve months.
  • Deposit the tax so deducted
  • File returns promptly
  • Obtain an income statement in the month of February to ensure that;
    • the total income declared in anticipatory statement is correct
    • the total deductions declared in anticipatory statement are correct.
    • obtain a copy of documentary evidence of deductions declared
    • obtain the details of income from other source
    • recalculate the tax if required
  • Deduct the balance tax payable(if any) in the month of March
  • Issue TDS Certificate promptly

The rate of TDS of Non-salary payment are depends upon two catagories

  • Non- Company deductees – Individual/ HUF
  • Company Deductees – Other than Individual/HUF
Section Nature of Payment Threshold Rs Rate in %
Indv / HUF Others TDS
192A Premature withdrawal from EPF 50,000.00 10 –
193 Interest on Securities 10,000.00 10 10
194 Dividends 2,500.00 10 10
194A Interest (Banks) 10,000.00 10 10
194A Interest (Others) 5,000.00 10 10
194B Winning from Lotteries 10,000.00 30 30
194BB Winning from Horse Race 10,000.00 30 30
194C Contractor – Single Transaction 30,000.00 1 2
194C Contractor – During the F.Y. 1,00,000.00 1 2
194D Insurance Commission (15G – 15H allowed) 15,000.00 5 10
194DA Life insurance Policy 1,00,000.00 1 1
194E Non-Resident Sportsmen or Sports Association 20 20
194EE Payment in respect of National Savings Scheme 2,500.00 10 10
194F Repurchase Units by MFs 20 20
194G Commission – Lottery 15,000.00 5 5
194H Commission / Brokerage 15,000.00 5 5
194I Rent of Land and Building – F&F 1,80,000.00 10 10
194I Rent of Plant / Machinery / Equipment 1,80,000.00 2 2
194IB Rent by Individual / HUF (wef 01.06.2017) 50000/PM 5 -
194IA Transfer of certain immovable property other than agriculture land 50,00,000.00 1 1
194J Professional Fees / Technical Fees / etc. 30,000.00 10 10
194J Payment to Call Centre Operator 30,000.00 2 2
194LA Compensation on transfer of certain immovable property other than agricultural land 2,50,000.00 10 10
194LB Income by way of interest from infrastructure debt fund 5 5
195 Other Sums to Non- resident 30% 30%
196B Income from units (including long-term capital gain on transfer of such units) to an offshore fund 10% 10%
196C Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) 10% 10%
196D Income of Foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) 20% 20%
  • Obtain deductee’s correct PAN Card
  • Check whether the payment exceeds the specified threshold limits
  • If the payment exceeds the specified threshold limit, then deduct tax
  • Tax must be deducted at the time of payment in cash or cheque or credit to the payee’s account whichever is earlier.
  • Deposit the deducted tax either by way of book entry or by way of challan (use challan no 281)
  • Ensure that the section code, Minor head and financial year is correct
  • File the return promptly
  • Issue TDS Certificate on a quarterly basis

In the following non- compliances instances, the person responsible for deduction of tax will be deemed to be in default;

  • Non- deduction of tax at source in whole or in part
  • Non-deposit/payment of tax so deducted
  • Non-deduction: He should pay an interest @1% per month in case, the deductor fails to deduct tax in whole or in part.
  • Non-payment/ Deposit: He should pay an nterest of 1.50% per month in case, the deductor deduct the tax but failed to deposit the same into the central government account.

If a deductor failed to submit the TDS return within the stipulated time, he/she shall be liable for a fee of Rs.200/- per day of default u/s 200(3) or 206C(3). Such fee shall not exceed the amount of tax deducted for the corresponding return period.

If the deductor failed to comply with the provision of TDS he/she shall be liable to pay the following penalties;

Nature of default Penalty
Failure to deduct tax in whole or any part Amount equal to the tax he/she failed to deduct
Failure to file TDS Return Rs 10000/- to Rs 100000/-
Failure to issue TDS Certificate Rs 100/- per day of default. Such penalty shall not exceeds the amount of TDS.
  • If the deductor failed to pay the tax deducted at source to the government account.
  • It will be treated as defalcation of government dues
  • This offence is punishable with a rigorous imprisonment for a period of 3 months to 7 years.

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