How to Check TDS Status by Pan Card

Notes:

• TCS on remittances for educational purposes will be removed if financed through loans from specified financial institutions (Section 80E).
• TCS on the purchase of goods will be removed, effective from April 1, 2025.
• The higher TDS rate will apply only in cases where taxpayers fail to provide their PAN.

What is TDS Return?

A TDS return is a formal declaration filed by the individual or entity responsible for deducting tax at the source on behalf of the recipient. The TDS statement categorizes a complete overview of all financial transactions completed during a particular quarter or financial year in which TDS is deducted.

Any entity authorized to deduct TDS must file a TDS return with the ITD (Income Tax Department) on a quarterly basis. The TDS return shows all information, including particulars of the deducted tax, the recipient's name and PAN, the nature of the payment, and the payment amount.

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How to Check TDS Status Online Using PAN Card

1. Start by visiting the official TDS CPC portal, also known as Traces.
   Locate and select the 'Tax Payer' tab on the website.
   
2. In the left-hand menu, under the Quick Links section, choose 'View TDS/TCS Credit.'
   
3. You'll encounter an image with a verification code. Decode this code, enter it accurately, and then proceed by clicking on the 'Proceed' button.
   
4. Now, it's time to provide specific details. Enter the PAN of the Deductee, TAN of the Deductor, the relevant Financial Year, Quarter, and the Type of return.
   
   Once all the required information is correctly entered, simply click on the 'Go' button, and the next screen will show your TDS

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How to Check TDS Status Using Form 26AS

If you're already a registered user on the Income Tax e-filing website, you can easily check your TDS status by following these steps:

• Start by logging into the Income Tax e-filing portal. Enter your personal credentials, including your username and password.
  After successfully logging in, go to the "e-File" > Income Tax Return and select the "View Form 26AS" option.
  
• After selecting this “View Form 26AS” option, you will be automatically redirected to the TRACES portal.
• Next, you need to choose the appropriate fiscal or assessment year and select the preferred format for viewing the file.
• On the following page, you can check your TDS status. You can also download it for future reference.

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What are the Important Details Available in the TDS statements?

For those individuals who need to verify their TDS (Tax Deducted at Source) using their PAN number, it's equally important to recognize the significance of TDS statements. These statements contain various important details, including:

• Tax deductions are made on behalf of a taxpayer.
• Tax collections on behalf of a taxpayer.
• Deductions during the sale of immovable property.
• Self-assessment tax or advance tax deposited by an assessee with a valid PAN number.
• Refunds received during a financial or assessment year.
• Transaction specifics concerning shares, bonds, or mutual funds.
• Information pertaining to TDS defaults and statement processing.

Understanding that TDS filings by deductors must occur quarterly is important. Since these filings need to be made every quarter, staying well-informed about details such as TAN, the amount of TDS deducted, payment methods, and more is of utmost importance.

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