The document provides information about Tax Deducted at Source (TDS) in India, including: 1. TDS is a certain percentage deducted from various payments like salary, commission, rent, interest, and dividends that is remitted to the government and can be adjusted against tax due. 2. The concept of TDS aims for "pay as you earn" taxation where tax is deducted at the time of payment. 3. A deductor is the person/company liable to deduct tax from payments made, while a deductee is the person from whom tax is deducted.

1. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
TAX DEDUCTED AT SOURCE
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400 [TDS]
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
Presented by
P. Sumathy
Accounts Assistant
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

2. DEFINITION OF TDS
CHENNAI
3rd Floor, ‘Creative Enclave’, TDS is a certain percentage deducted at the time of
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
payments of various kind such as Salary,
Tel: +91 - 44 - 2498 4821
Commission, Rent, Interest on Dividends etc and
BANGALORE
Suite 920, Level 9,
Raheja Towers,
deducted amount is remitted to the Government
Account. This amount can be adjusted against tax
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE due.
BB1, Park Avenue,
In simple terms, TDS is the amount of tax getting
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
deducted from the person (Employee/Deductee) by
the person paying (Employer/Deductor).
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

3. WHY TDS
CHENNAI
3rd Floor, ‘Creative Enclave’,
The concept of TDS envisages the
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
principle of “pay as you earn”. Tax
must be deducted at the time of
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
payment in cash or cheque or credit
to the payee’s account.
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

4. DEDUCTOR & DEDUCTEE
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Deductor is a person/company who is liable to
Chennai - 600 004.
deduct the Tax at source, from the payment
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
being made to the party. Deductor is also termed
Tel: +91 - 80 - 6546 2400
COIMBATORE as Employer in cases where the payments are
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 under Salaries.
Deductee is the person, from whom the tax is being
deducted or accrued for deduction & is also termed
EMAIL as Employee in cases where the payments are
info@altacit.com
WEBSITE
www.altacit.com
under Salaries

5. TDS RATES
CHENNAI
3rd Floor, ‘Creative Enclave’, Threshold Individual Company /
Section Code Nature of Payment
148-150, Luz Church Road, Limit or HUF Firm
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
192 Payment of salary to a Normal
resident/non-resident Income Tax
BANGALORE
Suite 920, Level 9, Rates
Raheja Towers,
26-27, M G Road, 193 Interest on securities 10 10
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
194 Deemed dividends u/s 2(22) 10 10
COIMBATORE
BB1, Park Avenue, (e)
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 194A Interest other than Interest 5000 10 10
on securities
194B Lottery or crossword puzzle 10000 30 30
or card game or other game
of any sort.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

6. TDS RATES
CHENNAI
Threshold Individual Company /
3rd Floor, ‘Creative Enclave’,
Section Code Nature of Payment
148-150, Luz Church Road, Limit or HUF Firm
Mylapore,
Chennai - 600 004. 194BB Horse races 5000 30 30
Tel: +91 - 44 - 2498 4821
BANGALORE 194C Contracts/sub-contracts 30000 1 2
Suite 920, Level 9,
Raheja Towers, 194D Insurance Commission 20000 10 10
26-27, M G Road,
Bangalore - 560 001. Payment in respect of deposits under
Tel: +91 - 80 - 6546 2400 194EE 2500 20 -
NSS
COIMBATORE Payment on account of repurchase
BB1, Park Avenue, 194F 1000 20 10
# 48, Race Course Road, of units of MF or UTI
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 194G Commission on sale of lottery tickets 1000 10 10
194H Commission or brokerage 5000 10 10
194-I Rent of Plant and Machinery 180000 2 2
Rent of Land or Building or
180000 10 10
Furniture and Fitting
Fees for professional or technical
EMAIL 194J 30000 10 10
services
info@altacit.com
Payment of compensation to a
WEBSITE 194L resident on acquisition of certain 100000 10 10
www.altacit.com immovable property

7. FOR SALARIES
CHENNAI
3rd Floor, ‘Creative Enclave’,
The income from salaries is required to be computed
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
on estimated basis at the beginning of each financial year.
Tel: +91 - 44 - 2498 4821
Income Tax payable on the basis of such estimated salary
BANGALORE
Suite 920, Level 9,
Raheja Towers,
income should be deducted at the rate applicable to the
26-27, M G Road,
Bangalore - 560 001. corresponding slab of income every month in equal
Tel: +91 - 80 - 6546 2400
COIMBATORE
installments subject to adjustments depending upon tax
BB1, Park Avenue,
# 48, Race Course Road, saving investments made by the Deductee.
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
When an employee is working with more than one
employer simultaneously or changes his job from one
during the financial year, the employer will deduct tax on
considering the aggregate salary from all sources and tax
deducted thereon, if any. Be careful of not evading tax
EMAIL
info@altacit.com while changing jobs.
WEBSITE
www.altacit.com

8. TDS RATES FOR SALARIES
CHENNAI Income Slab for
3rd Floor, ‘Creative Enclave’,
Male Individual / Income Slab for
148-150, Luz Church Road,
Mylapore, HUF Income Slab for females Rate
Chennai - 600 004. Senior Citizens
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9, For income For income between 0 For income between 0%
Raheja Towers,
26-27, M G Road, between to Rs.1,90,000 0 to Rs.2,50,000
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400 0 to Rs.1,80,000
COIMBATORE For income For income between For income between 10%
BB1, Park Avenue,
# 48, Race Course Road, between Rs.1,90,000 to 5,00,000 0 to Rs.2,50,001 to
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 Rs.1,80,000 to 5,00,000
Rs.5,00,000
For income For Income between For Income 20%
between Rs.5,00,001 to Rs. Between 5,00,001 to
Rs.5,00,001 to 8,00,000 8,00,000
8,00,000
EMAIL For Income above For Income above Rs. For Income above 30%
info@altacit.com Rs. 8,00,001 Rs. 8,00,001
WEBSITE 8,00,001
www.altacit.com
Education cess on Tax 3%

9. TAX DEDUCTION NUMBER - TAN
CHENNAI
3rd Floor, ‘Creative Enclave’, All those persons who are required to deduct tax at source or
148-150, Luz Church Road,
Mylapore,
collect tax at source on behalf of Income Tax Department are
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 required to obtain Tax Deduction Account Number or TAN as
BANGALORE per the provisions of section 203A of the Income-tax Act. It is
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
compulsory to quote TAN in TDS return (including any e-TDS
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
return), any TDS payment challan and TDS
COIMBATORE Certificates. Failure to apply for TAN or comply with any of
BB1, Park Avenue,
# 48, Race Course Road, the other provisions of the section attracts a penalty of Rs.
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 10,000/-.
TAN is a 10 digit alpha numeric number ex: BLRR02933A.
After deducting tax, it is required to file quarterly statements
EMAIL of TDS for the quarters ending on 30th June, 30th September, 31st
info@altacit.com
December and 31st March in each Financial Year .
WEBSITE
www.altacit.com

10. TYPES OF TDS CERTIFICATE S
CHENNAI
3rd Floor, ‘Creative Enclave’, A tax deductor is required to issue TDS certificate to the
148-150, Luz Church Road,
Mylapore,
Deductee within specified timed under section 203 of the
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 Income Tax Act. The Deductee should produce the details
BANGALORE
Suite 920, Level 9,
of this certificate to adjust the amount of TDS against the
Raheja Towers,
26-27, M G Road, Tax payable him, during the regular assessment of income
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400 tax.
COIMBATORE
BB1, Park Avenue, Salaries - Form 16: In case of Salaries, the certificate
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
should be issued in FORM 16 containing the Tax
computation details and the Tax deducted & Paid details.
This refers to the details submitted over Form 24Q.
Non-salaries - Form 16A: In case of Non-Salaries, the
certificate should be issued in FORM 16A containing the
EMAIL Tax deducted & Paid details. Separate certificates should be
info@altacit.com
prepared for each Section [nature of payment]. This refers
WEBSITE
www.altacit.com to the details submitted over Form 26Q and 27Q.

11. TDS FORMS & PERIODICITY
CHENNAI
3rd Floor, ‘Creative Enclave’, e-TDS return is a TDS return prepared in form
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
No.24Q, 26Q, 27EQ or 27Q in Electronic Media as
Tel: +91 - 44 - 2498 4821
per prescribed data structure. As per Act all Corporate
BANGALORE
Suite 920, Level 9,
Raheja Towers,
& Government Deductors are compulsorily required
26-27, M G Road,
Bangalore - 560 001. to file their TDS return on electronic media i.e. e-
Tel: +91 - 80 - 6546 2400
TDS. Periodicity of
COIMBATORE Sl.
BB1, Park Avenue, Category furnishing Due date
# 48, Race Course Road, No.
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
TDS certificate
1. Salary Annual By 31st day of May of the financial
year immediately following the
(Form No.16)
financial year in which the
income was paid and tax
deducted
EMAIL 2. Non-Salary Quarterly Within fifteen days from the due
info@altacit.com date for furnishing the ‘statement
(Form No.16A)
WEBSITE of TDS’
www.altacit.com

12. WHEN NO TAX IS DEDUCTED
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
No Tax has to be deducted for the payment
made to Government, RBI, Corporation whose
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
income is exempt from tax or mutual fund
specified under sec. 10(23D). Also in case
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
where deductee produces a non deduction
Tel: +91 - 80 - 6546 2400
COIMBATORE
certificate or lower deduction certificate
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
under section 197 of the Income Tax Act 1961.
Tel: +91 - 422 – 6552921
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

13. FORMS 15G & 15 H
CHENNAI
3rd Floor, ‘Creative Enclave’,
Self declaration in Forms 15G and 15H can be
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
filed by the deductee if his income doesn’t exceed
Tel: +91 - 44 - 2498 4821
the amount chargeable to tax. This self declaration
BANGALORE
Suite 920, Level 9,
Raheja Towers,
can be filed for dividends, interest & mutual fund
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
income only. In these cases no tax has to be
COIMBATORE
deducted. However the tax deductor is required to
furnish copies of this self declaration to the
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
concerned CCIT or CIT as per the rules. Form 15G
is for all taxpayers and Form 15H is a special
form for senior citizens. In either case, it can be
filed only if their income falls below the taxable
EMAIL
limit. Both forms incorporate a declaration that the
info@altacit.com declarant is not liable for tax.
WEBSITE
www.altacit.com

14. ADVANTAGES OF TDS
CHENNAI
3rd Floor, ‘Creative Enclave’,
• It facilitates sharing of responsibility of tax
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
collection between the Deductor and the tax
administration.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
• It ensures regular inflow of cash resources to the
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400 Government.
COIMBATORE
BB1, Park Avenue, • It acts as a powerful instrument to prevent tax
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
evasion as well as expands the tax net.
• This is designed to make the tax administration
more effective, furnishing of returns convenient,
reduce compliance cost and bring greater
transparency.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

15. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
THANK YOU
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
EMAIL
info@altacit.com
WEBSITE
www.altacit.com