Under the Indian Income Tax Act of 1961, the TDS i.e. Tax Deducted at Source is a means of collecting income tax in India. Any payment covered under these provisions shall be paid after deducting prescribed percentage. It has a great importance while conducting tax audits. Assesses is also required to file a quarterly return to CBDT. Returns state the TDS deducted & paid to the government during the Quarter to which it relates. The present Commissioner of Income Tax (TDS) is Dr. Sibichen K Mathew I.R.S. It is managed by the Central Board of Direct Taxes (CBDT) and is part of the Department of Revenue managed by Indian Revenue Service (IRS).
The TDS refund status can now be checked on the income tax e-filing website in an easy a hassle free way. The TDS is paid to the income tax department on the behalf of the employees as employers deduct the tax from their salary beforehand only. The employees declare the investment projections for the entire year then the tax is deducted by the tax deductors keeping that in mind. TDS refund is applied when the deducted tax is more than the actual tax to be deducted.
Status checking is among the very useful online facilities provided by all sectors and services. Major services and authorities like income tax, provident fund, and passport Seva Kendra offer digital conveniences.
Check the TDS return status once you apply for e-TDS return. The authorized online portal of NSDL provides this facility.
Interest rate on TDS return
The TDS interest rate is applicable at 6% per annum if the payable TDS refund is in excess by 10% of the total tax payable. An imitation is sent by the income tax department to the taxpayer with the calculated interest. A taxpayer can contact the department for any discrepancy in the calculation.
How to track status?
Follow the easy step by step instructions given below to check the status of your TDS return.
- Begin by clicking on the link given https://onlineservices.tin.egov-nsdl.com/TIN/JSP/tds/linktoUnAuthorizedInput.jsp
- A new page will be displayed.
- Provide your TAN number in the first field.
- Provide your provisional receipt number in the second field.
- Make sure you enter both of them correctly. Click on the ‘submit’ button after this.
- Your TDS refund status will then be displayed on the screen.
Or if you don’t have proper access to the internet or computer then you can call on their helpline number. You may also send an email to the given id and request for TDS return status.
1800 4259 760
Email address: email@example.com
TDS return forms
Different forms are used as per a different kind of tax deducted at sources.
|Form No. 24Q||Quarterly statement for tax deducted at source from ‘Salaries’||Quarterly|
|Form No. 26Q||Quarterly statement of tax deducted at source with regard to all payments other than ‘Salaries’||Quarterly|
|Form No. 27Q||Quarterly statement of deduction of tax from interest, dividend or any other sum payable to non-residents||Quarterly|
|Form No. 27EQ||Quarterly statement of collection of tax at source||Quarterly|