TDS Challan 281 in Excel Format

Types of Payment Challan 281 Covers

The ITNS 281 Challan contains the following types of payments:

(a) Tax Deducted at Source (TDS) / Tax Collected at Source (TCS) payable by the taxpayer
(b) TDS/TCS Regular Assessment Demand

To ensure proper categorization, it's essential to use a separate challan for each payment type, marked by ticking the appropriate box within the challan.

Furthermore, the relevant code must be accurately input, indicating the nature of the payment. Ensure the correct submission of details such as TAN, Assessment Year, Amount, and Cheque details (if not paying by cash).

Upon depositing the challan at the bank, verify that the token contains the seven-digit BSR Code of the bank branch, the date of deposit, and the five-digit challan serial number.

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Compliance for Challan ITNS 281

Challan ITNS 281 is issued when taxpayers deposit Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). To ensure compliance, TDS and TCS must be deposited within the specified deadlines:

• TDS on Payments (excluding property purchase): 7th of the following month.
• TDS on Property Purchase: 30th of the following month.
• TDS Deducted in March: 30th April.

Late Payment Interest

A late payment interest of 1.5% per month (or part thereof) is charged from the date of deduction if the tax is not deposited on time.

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How to do Download Challan ITNS 281 from Income Tax Portal

Visit the official website of the Central Board of Direct Taxes (CBDT) -

https://incometaxindia.gov.in/pages/downloads/challans.aspx

Click on the PDF option next to the type of challan you want to download from this page. There are different types of challan available in PDF format and Fillable Form.

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TDS Challan 281 Excel Format

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What is Challan Identification Number?

Challan Identification Number (CIN) is a unique identifier assigned to confirm tax payments. It consists of a 7-digit BSR code representing the bank branch where the tax was deposited, the date of deposit (DD/MM/YY), and a serial number. Payments can be made in cash or by check at the bank branch. Upon payment, the bank will stamp the challan counterfoil with the CIN. If paying at a different branch, a paper token will be issued as acknowledgment. The counterfoil must be presented at the branch to receive the CIN-stamped acknowledgment after the check is encashed.

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