How to make TDS/TCS (CHALLAN 281) payment through Online ?
The Indian Income tax dept allows you to make TDS/TCS payments through online. Internet payment is easy and safe method. Now a days companies pay TDS/TCS for every month through cheques. Cheque payment is long and late process. If you use TDS/TCS payment through online, you can save lot of time and complete the payment with out fail.
ADVANTAGES OF E-PAYMENT
- No need to fill forms and chques.
- Chques, cash deposit is not required. so you can reduce your long process transactions and save your valuable time.
Eg:
Cheque preparation,
Chque signing,
Went to bank,
Submitting the cheque in to bank and wait for receipt,
Cheque preparation,
Chque signing,
Went to bank,
Submitting the cheque in to bank and wait for receipt,
Return to office.
- Chequs payment takes more time than online payment. so there may be chances to penalty for late payments. So you can reduce penalty and Interests for online payment.
- You can complete payment with in 5-10 mins.
- You can make payment at any time (24X7). the NSDL website allows you to make payment at any time. But some banks fixed cutoff time. so check your company bank's website for this information.
- You can also make payment from other persons net-banking account.
ONLINE E-PAYMENT (CHALLAN 281 - TDS/TCS)
STEP 2:
Fill the mandatory* fields.
Fill the mandatory* fields.
> (0020) COMPANY DEDUCTEES or (0021) NON-COMPANY DEDUCTEES
If you pay TDS for company, select (0020) COMPANY DEDUCTEES
OR
If you pay TDS for Non-Company select (0021) NON-COMPANY DEDUCTEES
> Enter your company 10 digit TAN number.
> Select Assesment year
If you pay TDS for FY 2012-13, select this filed as 2013-14. etc....
> Enter you company city, PIN and select state.
If you pay TDS for company, select (0020) COMPANY DEDUCTEES
OR
If you pay TDS for Non-Company select (0021) NON-COMPANY DEDUCTEES
> Enter your company 10 digit TAN number.
> Select Assesment year
If you pay TDS for FY 2012-13, select this filed as 2013-14. etc....
> Enter you company city, PIN and select state.
> Select type of Payment as "(200)TDS/TCS Payable by Taxpayer"
> Select Nature Of Payment
If you pay TDS for Contractors, Select 94C - Payment of contractors and sub-contractors
OR
If you pay TDS for Rent, Select 94I - Rent. etc...
> Select your bank name. (You Must have net-banking facility, you can use other persons
net-banking account also)
> Enter the characters you see in the picture above.
> Click on "Proceed"
STEP 3:
Now you can see the following screen. Just verify your company name etc. If everything is correct then click on "submit to the bank" button.
> Enter the characters you see in the picture above.
> Click on "Proceed"
STEP 3:
Now you can see the following screen. Just verify your company name etc. If everything is correct then click on "submit to the bank" button.
Enter the Basic Tax etc..
STEP 4:
Enter Net-banking UN & PW and follow next steps as per banks requirements.
After complete the e-payment, you will get CIN, it is required when you file your returns.
Best Regards
G.Srinivas
Its very well drafted, Please update us How to rectify the TDS Challan while physically making the payments of TDS bank has written wrong TAN number in chalan.
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