Deduct Right, Deposit on Time, File Every Quarter — End-to-End TDS/TCS Management
Tax Deducted at Source (TDS) is a mechanism where the payer of certain income — salary, professional fees, rent, interest, contractor payments — deducts income tax at the time of payment and deposits it with the government on behalf of the payee. Tax Collected at Source (TCS) applies to certain sellers (of specified goods like alcohol, timber, scrap, motor vehicles, overseas tour packages, and remittances abroad) who collect tax from the buyer at the time of sale. Both TDS and TCS require quarterly return filing to report all deductions/collections.
TDS compliance covers four quarterly returns: Form 24Q [new-Form 138] (salary TDS), Form 26Q [new-Form 140] (non-salary domestic payments), Form 27Q [new-Form 144] (payments to non-residents), and Form 27EQ [new-Form 143] (TCS). Non-compliance — failure to deduct, late deposit, wrong deduction rate, or non-filing of returns — attracts interest (1%–1.5% per month), a penalty equal to the TDS amount, and in severe cases, disallowance of the expense itself in the payer's tax computation.
VITTAX manages your complete TDS/TCS compliance — TAN registration, monthly challan preparation and deposit, quarterly return filing, correction statement filing, lower deduction certificate management (Section 197 [new-Section 395]), and Form 16/16A [new-Form 130/131] generation and distribution to payees.
Who Needs TDS/TCS Compliance?
What's Included?
Pricing
TDS Basic
₹999/quarter
For small businesses — salary TDS only (24Q [new-138])
Ideal for: Small businesses and startups with salary payments only
TDS Complete
₹1,999/quarter
Salary + non-salary + non-resident payments
Ideal for: Companies, firms, and businesses with multiple types of TDS-liable payments
Frequently Asked Questions
What is the due date for TDS deposit and return filing?
TDS Deposit: 7th of the following month (for all months except March — March TDS to be deposited by 30th April). TDS Returns: Q1 (April–June): 31st July. Q2 (July–September): 31st October. Q3 (October–December): 31st January. Q4 (January–March): 31st May.
What is the penalty for late TDS filing?
Late filing fee: ₹200 per day under Section 234E [new-section 427] (up to the TDS amount). Interest for late deposit: 1.5% per month from date of deduction to date of deposit.
What is a lower TDS certificate and who should apply?
Under Section 197 [new-section 395], a payee whose total tax liability is lower than the TDS rate being applied can apply for a certificate for lower or nil deduction. This is particularly useful for companies, contractors, and professionals who pay advance tax and don't want large TDS to be deducted from each payment, blocking working capital.
⚡ TDS Return Due Dates
Enrol in Quarterly TDS Compliance → We compute, deposit, file, and issue Form 16/16A on time every quarter