TDS, or Tax Deducted at Source, is a mechanism wherein tax is deducted at the source of income generation and remitted to the government. The person who is supposed to pay the income tax to the recipient deducts a certain percentage of money as TDS and remits it to the government. The balance after the deduction of TDS is paid to the recipient. One can verify the TDS deducted from his/her income from Form 26AS available on the Income Tax e-filing portal.
You might often wonder, "How do I check my TDS amount?" or "Is there an easy way to keep track of my TDS deductions?" This article will show you how to check your TDS amount online, which will help you pay your taxes.
Form 24Q: TDS deducted for salary payments
Form 26Q: TDS deducted for non-salary payments such as commission, interest, etc
Form 27Q: TDS deducted on non-resident/ foreign company payments
Form 26QB: TDS deducted on immovable property sale
Form 26QC: TDS deducted on rent by individuals/ HUF whose accounts don’t require audit
Deductor | Due date for depositing TDS with the Government |
Non-government deductor |
|
Buyer of immovable property/ rent paid | Within 30 days from the end of the month in which TDS is deducted. |
Non- government |
|
The TDS deducted can be verified from Form 26AS on the Income Tax Department’s e-filing portal. The different details you will find in Form 26AS are as follows:
Keeping in tune with your TDS amount is essential for several motives:
The following steps are to be followed to determine the TDS amount deducted under your PAN through the Income tax portal:
Step 1: Login on the e-filing portal
Step 2: On the dashboard, click ‘e-File’ > ‘Income tax returns’ > ‘View Form 26AS’
Step 3: You will be redirected to TRACES. A pop-up will appear. In it, tick the box to agree to use and accept Form 16/16A generated from TRACES and click on ‘Proceed’.
Step 4: Click on the ‘View Tax Credit (Form 26AS/Annual tax statement)’ to view your Form 26AS/Annual tax statement.
Step 5: Select the Assessment Year for which you want to download your 26AS. To download the PDF, please view it as HTML and then click on the ‘Export as PDF’ button.
If you want to check if the deductor has filed the quarterly returns and accurately provided your PAN, follow the below mentioned steps.
Step 1: Visit the TRACES Portal. Enter the captcha code to proceed.
Step 2: Enter your PAN and the deductor's TAN.
Step 3: Choose the financial year, the quarter, and the type of return (against salary payments or non-salary payments).
Step 4: The details will be displayed on the corresponding screen.
You can also verify the authenticity of the TDS certificate issued by your deductor by following the below steps
Step 1: Visit the official site .
Step 2: Enter the details like your PAN, deductor's TAN, TDS certificate number, the relevant financial year, Income source, and TDS deducted.
Step 3: The portal displays the correct particulars of TDS deducted and other details, you can match it with the particulars given in your certificate for validation of the same.
I'm a chartered accountant, well-versed in the ins and outs of income tax, GST, and keeping the books balanced. Numbers are my thing, I can sift through financial statements and tax codes with the best of them. But there's another side to me – a side that thrives on words, not figures. Read more