How to Download TDS Challan?

What is TDS challan?

The TDS Challan, introduced in 2004, plays an important role in the efficient handling of Tax Collected at Source (TCS) and Tax Deducted at Source (TDS) payments to the Government. This digital platform minimizes the risk of human errors and simplifies online tax transactions, encompassing deposits, collections, and TDS refunds. Those responsible for disbursing payments such as salaries, interest, rent, commissions, and similar obligations are obligated to deduct a specified percentage before disbursing funds to payees or employees. Notably, individuals and entities using Challan 281 for TDS payments must also ensure timely deposit of the TDS Challan amount to the Income Tax Department, ensuring adherence to tax regulations.

What are the types of challan?

• Challan 280: TDS Challan 280 is a form that is used to pay income tax online or offline. It is specifically for individuals or corporate entities to deposit income tax.
• TDS Challan 281: Challan 281 is a form used to pay Tax Collected at Source (TCS) and Tax Deducted at Source (TDS) by corporations and non-corporate entities. TDS and TCS are taxes that are deducted or collected by the payer or collector from the income of the payee or collectee.
• Challan 282: Challan 282 is a form that is used to pay certain types of indirect taxes, such as gift tax, wealth tax, estate tax, securities transaction tax, hotel receipts tax, interest tax, and expenditure/other tax.

Online TDS Challan 281 Compliance

When a taxpayer submits their Tax Deducted at Source (TDS) and Tax Collected at Source (TCS), they receive a TDS 281 Challan, and it is important to adhere to the specified deadlines for tax submission.

The following dates apply to the TDS 281 Challan: For payments other than property acquisition, the due date is the 7th of the following month, while for property acquisition, the deadline is the 30th of the next month. Additionally, for the months of March and April, specific provisions apply to TDS Payment Challan 281. It’s essential to note that failing to meet the deadlines for TDS payment Challan 281 results in a monthly interest rate of 1.5% being imposed.

Single Copy TDS Challan

Single-copy TDS Challans come in various formats, and three new single-copy TDS challans were introduced in 2004 to streamline the process:

• ITNS 280 single-copy challan encompasses payments for income tax, wealth tax, and corporate tax.
• ITNS 281 single-copy TDS challan is designated for TDS deposits from both corporations and non-corporations.
• ITNS 282 (single copy) serves for payments related to estate duty, spending tax, gift tax, and other miscellaneous taxes.
• ITNS 283 (single copy) is utilized for payments concerning Fringe Benefits Tax and Banking Cash Transaction Tax.

When individuals pay their TDS challan, they get a Challan Identification Number (CIN) with a stamp as proof of their payment.

Things to Keep Handy Before Downloading the TDS Challan

Here are the key things you should have ready before downloading the TDS challan:

• Login Credentials: Your Income Tax e-filing portal username and password.
• Taxpayer Details: Your Permanent Account Number (PAN) or Tax Deduction and Collection Account Number (TAN).
• Payment Information:
  
  • The total amount of TDS to be paid.
  • The assessment year for which the TDS is being paid.
  • The type of payment (e.g., salary, interest, rent).
• Payment Method: Decide whether you want to pay online or offline. If paying online, have your net banking details or credit/debit card ready.
• Internet Connection: Ensure you have a steady internet connection to access the Income Tax e-filing portal smoothly.
• Calculator: A calculator to verify the TDS amount calculated and ensure accuracy.
• Additional Documents (if applicable): If you are paying TDS on behalf of someone else, have their PAN or TAN details ready. If you are claiming any deductions or exemptions, have supporting documents (e.g., Form 16) ready.

How to download TDS challan?

TDS Challan Download New Updates:

The facility for making direct tax payments has been moved from the OLTAS 'e-payment: Pay Taxes Online' to the e-Pay Tax feature within the Income Tax e-Filing portal. Users now need to visit the 'e-Pay Tax' portal of the Income Tax Department at https://www.incometax.gov.in/ to carry out their direct tax payments.

To View and download the TDS challan, follow TDS Challan Download process steps:

• Step 1 - Login to Income Tax Portal on the following link using PAN as user ID and password. Please find the attached screenshot for your reference.
  https://eportal.incometax.gov.in/iec/foservices/#/login
  
• Step 2 - After logging in, click on E- FILE, and a list of options will appear. From the options, click on E-Pay tax as shown in the screenshot below-
• Step 3 - After clicking on E-Pay tax, a new box will appear with 3 options, as mentioned in the screenshot below -
• Step 4 - From the above mentioned screen, click on Payment History to view the payment details and to download challan.
• Step 5 - To download challan, click on 3 dots as mentioned in the screenshot and click on download. Challan in PDF will be downloaded for your reference.