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Salary TDS Return 26Q Online

Eevery person who is responsible for paying any income chargeable under the head ‘Salary’ is required to deduct TDS. Due to this mandate, every employer is tasked with deducting tax at source (TDS) from the employee's salary before crediting the same to the employee. Since TDS deduction is compulsory. Call CA helps you to file the correct TDS statement  

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How to File Salary TDS Return 26Q ?
A Step by step guide that will help you e-file income tax return by Call CA Income Tax Team
Step 1 Concept Understanding

Our team helps you to gather all the required data for ITR Filings and helps you to maintain an easy system for ITR Filings

Step 2 Submission of Requisite Documents

Our team of professionals prepare the necessary data and guides you for TDS status and upload the TDS Return with Verification.

Step 3 Filing of Return and Reporting

Our TDS team will file the return and share you the acknowledgement. We also provide the report that enables you for better and transparent understanding of your TDS Return

Overview & Concept

What is TDS on Salary ?

The main purpose of ‘Tax deduction at Source’ is the collection of tax at the very source of income. The Deductor is required to deduct an appropriate tax and deposit the same with the Government. Different rates of TDS are prescribed for different payment. The present article would help the reader to understand the provisions of section 192 relating to TDS on Salary.

Section 192 says that every person who is responsible for paying any income chargeable under the head ‘Salary’ is required to deduct TDS. Thus, provisions of section 192 apply only if the following conditions are satisfied –

1. There is an employer and employee relation;

2. The payment made by the employer to the employee is in nature of ‘Salary’; and

3. The income chargeable under the head ‘Salary’ is over and above the maximum amount not chargeable to tax.

 

What is the Rate of TDS Deduction on Salary ?

In case of TDS on salary, there is no fixed rate of TDS, however, the Deductor / employer is required to deduct tax at source at the average rate of income tax.

‘The Average rate of Income Tax’ is computed based on the rates in force during the relevant Financial Year. It is pertinent to note that the employer i.e., the Deductor has been bestowed the right to make appropriate adjustment for any type of shortfall / excess in the TDS already deducted in the subsequent TDS deduction. 

In general terms terms, average rate can be defined as the total tax liability divided by total income of an employee. To arrive at total tax liability for deducting tax on salary, employer will take into account the tax-saving investments made by him.

When to deduct TDS on salary ?

The liability to deduct TDS arises at the time of actual payment of Salary. It is important to note that the liability arises at the time of payment of Salary and not at the time of accrual

The Time limit for deposit of TDS on Salary –

Type of Deductor Time limit Remarks
Other than Government Office (i.e. normal Deductor) Within 7 days of the subsequent month in which TDS is deducted. Applicable for the months of April to February
On or before 30th April in case of income credited /paid in the month of March Applicable for the month of March
Government Office Same day Where the sum deducted has been paid without the production of a challan
Within 7 days of the subsequent month in which TDS is deducted. Where the tax is paid accompanied by an income tax challan.

What are the Due Dates for Filing of TDS Return ?

The Deductor / Employer is required to furnish a quarterly return in Form 24Q within the following prescribed due dates –

Period Due dates
April to June On or before 31st July
July to September On or before 31st October
October to December On or before 31st January
January to March On or before 31st May

Why Call CA ?

We get your Income tax return  done with complete online support. You need not to step outside your home and we guide you to enter into the business world hasselfree. At Call CA , our team helps you to understand the concept of TDS filing and help you to arrange the right documention done for the TDS Filings . Call CA has a TAT for TDS Return is 3 working days 

FAQs

What is section 192 in income tax?

Section 192 in the income tax covers the provisions relating to deduction of tax at source on salary income. As per the provisions of section 192, the employer, at the time of paying salary to his employee, is required to deduct tax at source TDS.

Is it mandatory to deduct TDS on salary?

Yes, the employer is mandatorily required to deduct TDS on salary as per provisions of section 192.

Is TDS applicable on advance salary?

TDS on salary is required to be deducted at the time of payment of salary. Thus, in case of advance salary, the TDS is to be deducted at the time of payment of advance salary.

What if TDS is not deducted on salary?

If TDS is not deducted on salary, the employer is liable to pay interest for non-deduction of TDS @ 1% per month from the date on which tax was deductible till the date tax actually deducted.

What happens if TDS is deducted by the employer but not deposited?

If TDS deducted by the employer is not deposited, the employer is liable to pay interest for late deposit @ 1.5% per month from the date on which tax was deducted till the date on which TDS was credited to the Government. Further, the Deductor would also be penalize with fine and rigorous imprisonment for a term not less than 3 months but may extend to 7 years.

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