TDS By Vaibhav Singh , Ppt , VS, Vaibhav Singh , TAX, Accounts , Tax deducted at source ppt .

3.  Introduction
 Payments covered under
the scheme of TDS.
 Provisions for filing Returns
to the Income Tax
Department.
 Effects of Tax Evasion

6. • Every deductor is required to obtain a unique
identification number called TAN (Tax
Deduction Account Number) which is a ten
digit alpha numeric number. This number has
to be quoted by the deductor in every
correspondence related to TDS

7. Tax Deduction & Collection Account Number
Every person deducting tax or collecting tax should
obtain a tax deduction & collection number
Such person should quote such number in every challan
for payment u/s 200 or 206C(3), in every certificate
furnished u/s 203 or u/s 206C(5)
In all the TDS returns delivered
In all other documents pertaining to such transaction
as may be prescribed in the interest of revenue.

8. Sr. No. Form no Periodicity Cut off Date
1 16 For Salary Annual 31st May of following financial year
2 16A Other
than salary
Quarterly Within 15 days from due date of
furnishing the TDS statement under
rule 31A

9. Who is the payer Employee
Who is the recipient Employee
Payment Covered Taxable Salary of the employee
At what time TDS to be deducted At the time of payment
Maximum amount which can be paid
without tax deduction
The amount of exemption limit .
Rate at which tax to be deducted. As per Calculation
Is it possible to get the payment without
tax deduction or with lower tax
deduction
The employee can make application in
Form No.13 to the Assessing Officer to
get the certificate of lower tax deduction.

10. Dates for Payment of TDS
Deductor For MARCH For April to February
Government On or before 7th of
next month for
salary
On the same day for other than salary
& on or before 7th of next month for
salary
Other than
Government
On or before 30th
April
On or before 7th of next month
Special
Cases
30th April Quarterly payment on or
before 7th of the month
succeeding quarter

11. Who is the payer Seller
Who is the recipient Buyer
Payment covered As per Details in next slide
At what time TDS to be Collected.
At the time of receipt or at the time of
debiting the account, whichever is earlier
Is it possible to get the payment
without tax deduction or with lower
tax deduction
The recipient can make an
application in Form No. 13 to the
Assessing Officer to get a certificate
of lower tax deduction or no tax
deduction
Collection of Tax

12. Furnishing of quarterly returns for payment of interest to
residents without Deducting Tax (Sec. 206A)

13. Penal Provisions