Service Details
We provide complete TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) return filing services to help businesses comply with Income Tax laws, avoid penalties, and maintain accurate records.
Our service ensures timely deduction, payment, and filing with the Income Tax Department.
✅ Applicability & Eligibility
This service is suitable if:
- You are an employer, business, or professional required to deduct TDS
- You collect TCS on specified transactions
- You want timely filing to avoid interest and penalties
- You need outsourced compliance support
💡 TDS & TCS filing is mandatory under the Income Tax Act for specified payments and collections.
🏢 Key Requirements
| Particulars | Details |
|---|---|
| Applicability | Employers, businesses, and professionals deducting TDS / collecting TCS |
| Payment Threshold | As per Income Tax rules for different types of payments |
| Registration | TAN (Tax Deduction & Collection Account Number) mandatory |
| Filing Authority | Income Tax Department (e-filing portal) |
| Forms | TDS Forms: 24Q, 26Q, 27Q, 27EQ (TCS) |
🎯 Benefits of TDS / TCS Return Filing
| Benefit | Details |
|---|---|
| Legal Compliance | Avoid penalties under Income Tax Act |
| Timely Payment | Deduct TDS / collect TCS correctly |
| Accurate Reporting | File returns with all details reconciled |
| Smooth Audits | Proper records for Income Tax inspections |
| Peace of Mind | Professional handling of returns |
| Penalty Avoidance | No late fees or interest |
📄 Required Documents & Information
- TAN of deductor / collector
- PAN of deductee / party
- Payment / collection details (salary, contractor, rent, etc.)
- Form 16 / Form 16A / TCS certificates (if applicable)
- Bank payment proofs
- Previous TDS / TCS return details (if any)
💡 Tip: Maintain proper records monthly or quarterly for hassle-free filing.
💰 Professional Fees
| Service | Description | Fees |
|---|---|---|
| Monthly / Quarterly TDS Return Filing | Form 24Q, 26Q, 27Q | ₹ 1,000 – 3,000 / quarter |
| TCS Return Filing | Form 27EQ | ₹ 1,000 – 3,000 / quarter |
| Notice / Compliance Handling | Respond to Income Tax queries | ₹ 2,000 – 5,000 |
💡 Fees depend on number of deductees / transactions and complexity.
🏛️ Government Fees & Charges
| Particulars | Details |
|---|---|
| Filing Fees | Nil (Income Tax e-filing portal) |
| Payment | TDS / TCS payable to Government as per law |
| Professional Fees | As above |
💡 Government payments are mandatory and separate from professional fees.
⏱️ Processing Timeline
| Stage | Duration |
|---|---|
| Data Collection | 1–2 Working Days |
| Return Preparation | 1–3 Working Days |
| Filing with Income Tax Dept | Before due date (quarterly / annual) |
| Notice / Query Handling | 1–3 Working Days (as required) |
💡 Tip: Filing deadlines are quarterly / annual depending on type of TDS/TCS.
📦 TDS / TCS Packages
🔹 Basic Package
₹ 3,999 / quarter
✔ TDS / TCS Return Filing
✔ Basic Consultation
🔹 Compliance Package
₹ 9,999 / year
✔ Quarterly TDS / TCS Filing
✔ Annual Reconciliation
✔ Form 16 / 16A / TCS Certificates
✔ Basic Accounting Support
🔹 Premium Package
₹ 19,999 / year
✔ Full TDS / TCS Compliance
✔ Notice Handling & Penalty Support
✔ Advisory Support for Tax Planning
✔ Accounting Support
📅 TDS / TCS Compliance Calendar
| Quarter / Month | TDS Filing | TCS Filing | Due Date |
|---|---|---|---|
| Q1 (Apr–Jun) | Form 24Q / 26Q / 27Q | Form 27EQ | 31st July |
| Q2 (Jul–Sep) | Form 24Q / 26Q / 27Q | Form 27EQ | 31st October |
| Q3 (Oct–Dec) | Form 24Q / 26Q / 27Q | Form 27EQ | 31st January |
| Q4 (Jan–Mar) | Form 24Q / 26Q / 27Q | Form 27EQ | 31st May |
| Annual Reconciliation | Form 26AS / Form 27A (for TDS) | Annual Summary (for TCS) | As per Income Tax Rules |
💡 Tip:
- Form 24Q → Salary payments
- Form 26Q → Non-salary payments to residents
- Form 27Q → Payments to non-residents
- Form 27EQ → TCS collection details
📑 TDS vs TCS – Form Comparison
| Feature | TDS (Tax Deducted at Source) | TCS (Tax Collected at Source) |
|---|---|---|
| Purpose | Deduct tax from payments made (salary, contractor, rent, interest, professional fees) | Collect tax from sales / receipts (sale of goods, services) |
| Deductor / Collector | Employer / Payer | Seller / Service provider |
| PAN Requirement | Deductee PAN mandatory | Buyer / Party PAN mandatory for higher threshold |
| Forms | 24Q, 26Q, 27Q, 27A (annual) | 27EQ (quarterly), Annual TCS summary |
| Frequency | Quarterly | Quarterly |
| Certificates | Form 16 / Form 16A | TCS Certificate |
| Interest / Penalty | Yes, if late deduction / payment / filing | Yes, if late collection / payment / filing |
| Applicability | Salary, contractor payments, rent, professional fees, interest, commission | Sale of goods specified under IT rules (like scrap, alcohol, timber, etc.) |
| Government Portal | Income Tax e-Filing | Income Tax e-Filing |
| Reconciliation | Form 26AS shows TDS credits | TCS credited to buyer account |
💡 Key Difference:
- TDS → Tax deducted from payer to government
- TCS → Tax collected by seller from buyer and deposited
📑 TDS Forms, Sections, Due Dates, Limits & Rates
| Form | TDS Section | Payment / Transaction Type | Threshold / Limit | TDS Rate | Filing Due Date |
|---|---|---|---|---|---|
| Form 24Q | Sec 192 | Salary Payment | > ₹2,50,000 / annum (basic exemption limit) | As per Income Tax Slabs | 31st July (Q4), quarterly submission along with Form 26AS reconciliation |
| Form 26Q | Sec 194A | Interest other than securities | ₹40,000 / yr | 10% | 31st July, 31st Oct, 31st Jan, 31st May (quarterly) |
| Sec 194C | Contractor / Subcontractor payments | ₹30,000 / single payment OR ₹1,00,000 / year | 1% (Individual/HUF), 2% (others) | Quarterly | |
| Sec 194H | Commission / Brokerage | ₹15,000 / yr | 5% | Quarterly | |
| Sec 194I | Rent (Land / Building / Machinery) | ₹2,40,000 / yr (Land/Building), ₹75,000 / yr (Machinery) | 10% (Land/Building), 2% (Plant & Machinery) | Quarterly | |
| Sec 194J | Professional Fees / Technical Services | ₹30,000 / yr | 10% | Quarterly | |
| Sec 194K | Dividend | ₹5,000 / yr | 10% | Quarterly | |
| Sec 194LA | Compensation on transfer of immovable property | > ₹50,00,000 | 10% | Quarterly | |
| Form 27Q | Sec 195 | Payments to Non-Residents (Salary, Fees, Interest, etc.) | As per payment | As per applicable rate under IT Act / DTAA | Quarterly |
| Form 27EQ | Sec 206C | TCS on specified goods / services | ₹50,000 / transaction (threshold varies by item) | 0.1% – 5% depending on item | Quarterly |
| Form 16 | Sec 203 | Salary certificate for employees | All employees | As per Income Tax Slabs | Issued annually by 31st May |
| Form 16A | Sec 203 | TDS certificate for Non-salary payments | > ₹2,500 per transaction | As per TDS section | Quarterly |
| Form 26AS | – | Consolidated TDS credit statement | N/A | N/A | Updated annually, reference for reconciliation |
💡 Quick Reference Notes:
- Form 24Q → Salary TDS, includes Form 16 issuance.
- Form 26Q → TDS for Non-salary payments.
- Form 27Q → TDS for Non-Residents.
- Form 27EQ → TCS collection report.
- Form 16 / 16A → Certificates to deductee / payee.
- Thresholds & Limits → Vary for individuals vs companies.
- Due Dates → Quarterly filing; Form 24Q is also reconciled annually with Form 26AS.
💡 Quick Reference Notes:
- Form 24Q → Salary TDS, includes Form 16 issuance.
- Form 26Q → TDS for Non-salary payments.
- Form 27Q → TDS for Non-Residents.
- Form 27EQ → TCS collection report.
- Form 16 / 16A → Certificates to deductee / payee.
- Thresholds & Limits → Vary for individuals vs companies.
- Due Dates → Quarterly filing; Form 24Q is also reconciled annually with Form 26AS.
📌 Tips for TDS / TCS Compliance
- Always maintain PAN details of all deductees.
- Deduct TDS / TCS accurately at the time of payment / collection.
- Deposit TDS / TCS before the due date to avoid interest / penalty.
- File returns on time: Form 24Q / 26Q / 27Q / 27EQ quarterly.
- Issue Form 16 / 16A / TCS certificates on time.
📌 Quick Tips for Compliance
- Always maintain accurate PAN, bank & transaction records.
- Ensure timely filing to avoid interest, penalty, or disallowance.
- Issue Form 16 / 16A / TCS certificate to employees / customers.
- Reconcile Form 26AS / TCS ledger annually to verify credit.
❓ Frequently Asked Questions (FAQ)
1. Is TDS / TCS filing mandatory?
Yes, under Income Tax law for all applicable payments and collections.
2. How often are TDS / TCS returns filed?
Quarterly for most payments; annual reconciliation is also required.
3. What forms are required?
TDS Forms: 24Q (Salary), 26Q (Non-salary), 27Q (Non-residents)
TCS Form: 27EQ
4. What happens if returns are filed late?
Interest and penalties apply as per Income Tax provisions.
5. Can you handle notices and discrepancies?
Yes, full support for notices and compliance queries is provided.
📞 Get in Touch
📞 Call / WhatsApp: 9135051086
📧 Email: TaxServiceMitra@email.com
🌐 Website: TaxServiceMitra.com
Timely filing • Complete compliance • Penalty-free