Tax deducted at source (TDS) ensures that the Government's collection of tax is preponed and the responsibility for paying tax is diversified. The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government - quoting the TAN number. Individuals who are salaried are not required to obtain TAN or deduct tax at source. However, a proprietorship business and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent exceeding Rs.1,80,000 per year, etc. Apply for TAN Registration. Entities having a TAN are compulsorily required to file TDS Return.
When to file TDS Return
|Quarter||Quarter ends on||Due Date of TDS filing|
|April to June||30th June||30th July|
|July to September||30th September||30th October|
|October to December||31st December||30th January|
|January to March||31st March||30th May|