How to make the TDS Payment Online/Offline: A Step by Step Guide

In this blog, we will take an in-depth understanding of how to make TDS payments online.

Here is how you can make TDS payment online:

Step 1: Visit the official Income Tax website and log in with your credentials.

Step 2: Go to the 'E-file' section, select 'e-pay Tax,' and click on the 'Proceed' button under '26QB (TDS on Sale of Property)' in the 'New Payment' section.

Step 3: You will need to fill in the required information across three pages:

• Buyer’s Basic Details
• Seller’s Basic Details
• Property Details
• Tax Deposit Details
• Amount Credited or Paid
• Address Details
• Contact Information

Step 4: On the next page, select your preferred payment mode. You can opt for:

• 'Pay Later' or
• 'Pay Now'

Choose as per your convenience.

Step 5: If you select 'Pay Now,' proceed to pay the required TDS amount. Read and Select the terms and conditions and click Submit to Bank. Once done, a Form 26QB Acknowledgement will be generated. Ensure you download this for your records.

Step 6: Once Form 26QB has been processed, log in as a taxpayer on the TRACES Portal to generate your TDS Certificate.

---

How to make the TDS payment offline

For the offline process, deductors need to deposit TDS by physically submitting the challans at the bank branches. The deductors can download Challan 281 online and complete all the required details. After this, they have to deposit the TDS amount and the challan to the nearest bank branch. Counterfoil will be provided once the challan has been submitted. Counterfoil can be used as proof after being stamped by the bank for the future course of action.

---

What are the Advantages of Online TDS Payment?

• Feasibility to make payment from anywhere
• There is no time constraint
• No physical visit; hence, there is no pain of standing in queue.
• Can pay on behalf of firm, company, and others
• Get immediate acknowledgment of payment
• The e-challan is sent to the Income Tax department
• Saves time and money
• No need to maintain physical records, and it avoids mistakes like overwriting.
• Faster and secure

---

What is the due date for depositing the TDS amount with the government?

After deducting the TDS amount, the deductor has to deposit this amount with the government within a specified time, which is called making a TDS payment. The due dates for remitting TDS (or making TDS payment) for government assessees and other assessees are as follows:

---

How to track the status of Online TDS Payment

To track the status of your online TDS payment, you can use the OLTAS (Online Tax Accounting System) provided by the Income Tax Department. Here’s a step-by-step guide:

• Go to the OLTAS-Challan Status Inquiry page.
• You can track the status using either the Challan Identification Number (CIN) or the Tax Deduction and Collection Account Number (TAN).
  • Enter the BSR Code of the collecting branch, the date of deposit, and the challan serial number.
  • Enter your TAN and the date range for the challan.
• After entering the required information, submit the form to view the status of your TDS payment.

Alternatively, you can also check the status on the TRACES website. Log in to your account, navigate the 'Statements / Payments' menu, and click 'Challan Status.' Enter the challan details to view the status.

---

Steps to check TDS status by Pan Card

• Visit www.tdscpc.gov.in/app/tapn/tdstcscredit.xhtml or Go to NSDL’s website for e-payment of taxes.
• After typing the verification code, proceed.
• Enter the PAN and TAN details.
• Select the FY quarter and the type of return.
• Click on 'Go'; the TDS status can be checked here.

---

Steps to check TDS payment status by Form 26as

• Visit www.incometaxindiaefiling.gov.in/home.
• Register yourself if you do not have credentials
• If you are already a registered user, log in using the credentials.
• Click on 'View Form 26AS' in the' My Account' tab.
• Select 'Year' and 'PDF format.'
• Download the file.
• If the file is password protected, it can be accessed by the Date of Birth as per the PAN card.

---

What is the Penalty for Delayed Payment & Late Return Filing?

Section 201(1A):- Late deduction or Late payment of TDS

• Late Deduction: If TDS is deducted but not deposited to the government, then, in that case, interest will be levied
  • @1% per month or its part.
  • On the amount of TDS from the date on which TDS was supposed to be deducted
  • To the date of furnishing the return.
• Late Payment: In case TDS has not been deposited, then, in that case, interest will be levied
  • @1.5%per month or its part
  • On the amount of TDS from the date on which TDS was supposed to be deposited.
  • To the date on which TDS was actually deposited.

Section 234E:- Late fee for default in the furnishing of TDS/TCS returns within the due date

The penalty under this section is Rs. 200 per day. The penalty shall be calculated till the failure continues by the deductor. However, the penalty amount cannot be more than the amount of TDS for which the return is required to be filed. Let’s say ABC is required to file his TDS return for Q2 (July - September), for which the due date is 31 October, and ABC filed his return for Q2 on the 15th of November. In this case, the total amount of TDS for which the return needs to be filed is Rs. 2,500.

Here’s an example:

Section 271H:

Under this section, the Assessing officer can levy a penalty ranging from Rs. 10,000/- to Rs.1,00,000/-. The cases attracting penalty under section 271H include:

• - In case no TDS return has been filed before the expiry of a period of one year from the due date and
• - TDS deducted, late filing fees & interest amount have not been deposited to the government.

---