Guide for Uploading TDS Returns on the Income Tax Portal

If you have earned specific income and TDS has been deducted from it, the government must pay the TDS deducted and file a return. The Return should be uploaded to the TRACES portal. Filing and complying with data procedures is a tedious process. Hence, the income tax portal has provided for uploading the return on its own website. 

In this article, let us cover the details regarding the TDS Return filed.

Budget 2025 update

The Union Budget 2025 proposed the rationalisation of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) to ease compliance challenges for taxpayers especially for middle-income earners. The government has raised the threshold limits across various TDS sections, aiming to simplify the tax process. The proposed changes are as follows

Section	Present	Proposed
193 - Interest on securities	NIL	10,000
194A - Interest other than Interest on securities	(i) 50,000/- for senior citizen; (ii) 40,000/- in case of others when payer is bank, cooperative society and post office (iii) 5,000/- in other cases	(i) 1,00,000/- for senior citizen (ii) 50,000/- in case of others when payer is bank, cooperative society and post office (iii) 10,000/- in other cases
194 – Dividend, for an individual shareholder	5,000	10,000
194K - Income in respect of units of a mutual fund	5,000	10,000
194B - Winnings from lottery, crossword puzzle Etc. & 194BB - Winnings from horse race	Aggregate of amounts exceeding 10,000/- during the financial year	10,000/- in respect of a single transaction
194D - Insurance commission	15,000	20,000
194G - Income by way of commission, prize etc. on lottery tickets	15,000	20,000
194H - Commission or brokerage	15,000	20,000
194-I - Rent	2,40,000 (in a financial year)	6,00,000 (in a financial year)
194J - Fee for professional or technical services	30,000	50,000
194LA - Income by way of enhanced compensation	2,50,000	5,00,000
206C(1G) – Remittance under LRS and overseas tour program package	7,00,000	10,00,000

Note: 

• The Tax Collected at Source (TCS) will be removed on remittances made for educational purposes when these remittances are financed through loans from specified financial institutions (Section 80E).
• The Tax Collected at Source (TCS) on the purchase of goods will be removed, effective from April 1, 2025.
• The higher TDS rate will only apply in cases where taxpayers do not provide PAN.

What is TDS Return?

TDS returns summarize the total TDS deducted transactions in the quarter. They are also disclosed in the payee’s Form 26AS. In case of non-furnishing of TDS payment, there will be a hefty penalty. 

Who is Eligible for TDS Return?

TDS returns should be filed by 

1. employers/organisations that possess a valid PAN,  
2. Professionals who pay tax under 44AB
3. Holding office under government or companies 

TDS should be deducted from salary income, income received on securities, insurance commission etc. 

Rate of TDS Deduction

TDS deducted are different for different types of incomes. TDS rates ranges from 1% to 30% depending on the transactions. 

Due Date to File TDS Returns

• For Quarter 1 - 31st July
• Quarter 2 - 31st October 
• Quarter 3 - 31st January
• Quarter 4 - 31st  May 

Prerequisites for Uploading TDS Returns

Before you start uploading the return, you must ensure the following.

• You must hold a valid TAN and it should be registered for e-filing
• Your TDS statements should be prepared using Return Preparation Utility (RPU) and validated using File Validation Utility (FVU)
• You can prepare your returns in an easy manner using ClearTDS
• You should have a valid DSC registered for e-filing if you wish to upload using DSC
• The principal contact’s bank account or Demat account details should be provided or the principal contact’s PAN should be linked with Aadhar if you wish to upload using EVC

How to Upload TDS Statements on the Income Tax Portal

Here is a step-by-step guide on uploading TDS statements on the income tax website:

Step 1: Go to http://incometaxindiaefiling.gov.in/ 

Step 2: Log in using your TAN details.

Step 3: Click on ‘e-File’, then ‘Income Tax Forms’ and then ‘File Income Tax Forms’ from the dashboard.

Step 4: Select the form you have to file.

Step 5: Proceed to ‘Upload TDS Form’: Click on the ‘Let’s Get Started’ option.

Step 6: Enter the following details and then click on ‘Proceed to e-Verify’:
 

Step 7: Validate the return using the OTP sent to the registered mobile number to complete the process.

Following the completion of the process, you will receive a success message. If you haven't already generated your DSC, you can use the Electronic Verification Code to validate the TDS statements (EVC).

TDS returns summarize the total TDS deducted transactions in the quarter. They are also disclosed in the payee’s Form 26AS. In case of non-furnishing of TDS payment, there will be a hefty penalty.