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4.8 Star User RatingWith the advent of new technologies and electronic media, everything is getting upgraded to meet the requirements of a technology-driven generation. As a result, processes like filing returns and paying taxes are also getting updated. The same initiatives have also been undertaken by the Income Tax Department in the year 2004. The introduction of an Online Tax Accounting System (OLTAS) for Direct Taxes was done as an outcome. This system was introduced to reduce human intervention in the process and reduce errors. The system also facilitates its user to ascertain the status of their request in real-time. Users can select from various options or forms available as per their requirements. One of the forms available on the OLTAS is TDS Challan ITNS 281.
TDS Challan 281 is a form used in India for the payment of Tax Deducted at Source (TDS) to the government. TDS is a system where individuals or entities making specific payments (such as salary, interest, rent, or professional fees) deduct a certain percentage of the amount as tax and remit it to the government. The TDS provisions are governed by the Income Tax Act, 1961 in India.
Here's what you need to know about TDS Challan 281:
by the corporate or non-corporate assessee with the department.
To file the challan with Income Tax department assessee can use any of the following modes:
Now let’s discuss the process involved in these modes.
To fill and submit TDS ITNS challan 281 you should follow the step by step process explained beneath:
The Counterfoil is important as it will act as a proof of acceptance of challan and payment once it has been stamped by the bank. This counterfoil can be used for any future course of action required.
To make the process less cumbersome and easy for the user or taxpayers, the government has introduced the facility of depositing taxes online. The online system is used to make the payment of TDS challan at the convenience of the taxpayers.
To know how to successfully submit Challan 281 at the ease of your office or home read below the complete process:
| Details shown in Challan 281 | Information to be selected /filled |
| Select the type of deductees from code: | (0020) Company deductee(0021) for Non-Company deductee |
| Select the type of TDS payment | (200) TDS payable by the taxpayer (400) TDS under regular assessment |
| Select the mode of payment | Net banking or debit card |
| Tax Deduction Account Number | Mention the 10 digit Tax Deduction Account Number |
| Assessment Year | Select the relevant Assessment Year from the drop-down list |
| Personal Information | Type the details like address, Email ID, Mobile No. as required |
| Captcha Code | Type the captcha code given in the image |
You can also check the status of challan online. To do the same follow the under mentioned steps:
CIN based view
TAN based view
For CIN based view, enter the following details mentioned in the challan:
The taxpayer can view the following details after submitting the form:
For TAN based view, enter the following details mentioned in the challan:
The taxpayer can view the following information:
To know more on how to make TDS payment online Read Here.
Filing TDS Challan 281 involves several important considerations to ensure accurate and compliant tax deduction at source. Here are some key factors to consider before filing TDS Challan 281:
Challan No. ITNS 281 is used for depositing Tax Deducted at Source (TDS) or Tax Collected at Source (TCS).
Challan 281 has two Minor Head Codes which are to be ticked by the taxpayer (a) TDS/TCS payable by taxpayer (Minor Head -200) (b) TDS/TCS on regular assessment (raised by Income-tax Department (Minor-Head - 400).
Challan No. 283 is a new challan introduced. It is for the payment of Banking Cash Transaction Tax - Major Head 0036 and Fringe Benefit Tax - Major Head 0026. The valid Minor Head for both these categories of taxes are Self Assessment Tax, Minor Head – 300, Tax on Regular Assessment Tax - Minor Head 400 and Advance Tax, Minor Head-100.
Yes TDS can be deposited in cash through the offline method.
ITNS (Income Tax New Series) is a challan which facilitates a corporate and non-corporate taxpayer for payment of income-tax.
If both buyer and seller of immovable property are NRI, then TDS on long-term capital gain shall be deducted at 20% plus surcharge applicable if any, (plus surcharge and cess as applicable). However, TDS should ideally be deducted on sale consideration, not capital gain. Hence, a certificate from the income tax officer to the effect that TDS is to be deducted on LTCG and not on Sale consideration is required to be obtained. The TDS so deducted is to be deposited using Challan No ITNS 281.
