TDS Returns – All You need to Know about TDS Return [F.Y. 2022-23]

Every layman afraid from TDS because of difficult process of deduction, payment, Return, Statement etc. But we will try to make it simple as every layman can play with TDS. In this article, we will discuss about What is eTDS return, how to file TDS Return, Where to file it, How to prepare it, software and documents. If you have any query related to TDS return, ask in the comment form given below. We will try to solve your query as soon as possible. We have covered all amendment by finance act 2022, so you can say that the below article will be applicable for A.Y.2023-24/F.Y.2022-23.

Who is Liable to Submit TDS Return?

The person who deducts TDS is liable to furnish TDS Return. It is mandatory to file TDS Return within time as given below; otherwise they are liable to pay penalty for non-submitting of e-TDS Return. The following persons are required to file TDS return quarterly, if they have deducted any TDS regarding any payment.

  • Company
  • Individual/HUF Payer – When preceding financial year turnover exceeds Rs.1cr/50 lakh (1 Cr in case of business and 50 lakh in case of profession)
  • Govt. Officers

What is TDS Return?

The following are the form in which the TDS return or statement shall be furnish on or before the TDS return due dates as given above.

Form No.Description
Form 24QTDS Return/Statement for salary payments
Form 26QTDS Return/Statement for payments to non-resident (not being a company), foreign company and persons who are not ordinarily resident
Form 27QTDS Return/Statement for payments on professional fees, interest payments, etc.

TDS Return/statement is a summary of all the transactions related to TDS made during a Quarter. The quarterly statements may be furnished in any of the following manner;

  • furnishing the statement in paper form;
  • furnishing the statement in electronically (Digital Signature)
  • furnishing the statement (form 27A)

Due Dates to File TDS Returns/ TDS Statements

  • for the quarter ending on 30th June – 31st July (due date)
  • for the quarter ending on 30th September – 31st October (due date)
  • for the quarter ending on 31st December – 31st January (due date)
  • for the quarter ending on 31st March – 31st May (due date)

Read More: TDS Returns Due Dates F.Y. 2022-23

Penalty for TDS Return Default

As you know the payer or deductor shall furnish the TDS return on or before due dates otherwise he is liable to pay penal interest or penalty as follows.

  • Rs.200 per day of default u/s 234E applicable if TDS/TCS return after due dates.
  • If TDS/TCS return filed after 1 year of prescribed date, the penalty may from Rs.10,000 to max 1,00,000 shall be applicable u/s 271H.

Minimum penalty can be levied of Rs. 10,000 which can go upto Rs. 1,00,000. Penalty under section 271H will be in addition to late filing fees prescribed under section 234E.

Duties of Deductor

  • He must get Tax Deduction Account Number or Tax Collection Account Number (TAN).
  • This TAN will be quoted in all documents having any TDS/TCS amount.
  • The duty of the deductor to deduct TDS/TCS as per the specified rate. (Check TDS Rates Here).
  • He should file TDS Return/TCS Return as per due dates. (Check TDS Return Due dates here).
  • He should issue TDS/TCS certificate to the deductees.
Categories TDS

35 thoughts on “TDS Returns – All You need to Know about TDS Return [F.Y. 2022-23]”

  1. sir,
    I have file the tds return for my company for the first time as this is a startup co. I had tried to register my Company tan no. with income tax department but on this site they directed me to TRACE with a message to register yourself on TRACE first so did the same but after filling some information site want me to mention token no. of last filed return of tds but i did not filed any return as i mentioned earlier that is it is a startup co. Please guide me how do i get registered or i have to file offline return of tds with procedure of offline return filling.

  2. IF TDS is deducted by the Sub Treassury Officer and if the return is not filed in time. The TDS is an excess. What is the procedure and to whom the complaint is to be lodged against the deducting officer.

  3. Respected sir my husband was acentral govt pensioner. He died on 9th jan 2017. The bank deducted TDS fromhis pention acc on january. What should I do to get the tds returns.? From next year onwards what should I do ineed to pay the incometax

    • hello Nalina, why are you worried. Its bank duty to file TDS return not your husband. So relax. You just need to file income tax return and claim TDS which was deducted by the bank.

  4. We are verymuch happy to the updates made by you. thank you. We have a query as follows.
    We are in public limited company paying all statutory remittances in time. During the FY 2015-16 for the month of Feb’16 we have remitted TDS on 07.03.2016 which is due date for remitting TDS vide online by 12.00 noon. While generating paid challan we have identified that the payment date is 07.03.2016 but tender date is as 08.03.2016, we have received intimation for late payment of TDS with interest for the same. later we came to know that the day which we paid TDS (07.03.16) was holiday in northern side (some festivals) hence Tender date was changed. our banker is Bank Of India having current account in local (Tuticorin-Tamilnadu).
    please suggest us how to solve this problem. when I sent mail to TDS helpdesk, they intimated us to remit the late payment fee as intimation received.

  5. Sir,we are a co.op hsg soc and are to make a one time vendor payment please tell us the form to filled and procedure of filing the TDS return regds Vinay

  6. I’m an individual who deducted TDS on the amount paid to the seller for buying a property. I have completed form 26QB and obtained form 16B. I don’t have any TAN number.
    Do I need to file eTDS return for the quarter?

  7. Hi I am getting 35000 per month from last 9 months, I have not filed any TDS as of now.. Now I really wanted to file TDS from now.. and paying house rent 15000/month. what is the solution for my kind of case???

    • yes you can, and you can also file tds from government own website, go to google and type tds payment online the first link of google is tds payment online… but note that you must enable netbanking of firm account.

  8. NOw am working in Software company from Jan 11th onward as a contract employee. For the year 2015-2016 my gross salary is less than 2.5L. But now 10% of my salary is deducting for TDS(nearly 3k per month). So is it possible to file TDR returns to get that money back? What are the documents(forms) should i submit.

  9. hi i am an employee of private mnc. my payroll is handled by third party company. i usually get my form 16 yearly through mail. but now i received a letter from IT about TDS return 192A & 192B both stating salary to employees. what is this and what i have to do.

  10. suppose that i have to file tds for q4 for year 2015-16 and i have the salary details of dec,jan and feb details only.Can i prepare etds return using dec,jan and feb information for q4 data?

  11. My income is below basic exemption limit(120000),and I have got my tax deducted source @10% is around to get my tax refund sir,please give your valuable advice regarding refund of tax amount.should I file my it return,if yes what is the procedure for it.

  12. Say my yearly income is 450000 and my cut from tht for TDS is 45000.what about the 200000 Rs which should now have been taxed ?

    • Hey Nikhil,

      your tds has been deducted exess , now you have to file income tax return and you xan take refund

      Please contact if you not able to file the income tax return.


  13. Hi FY 2009-10 and FY 2010-11 i had done one construction project. I was contractor or sub contractor in this project. I used to receive the payments by check and obviously they use to cut the TDS amount before giving the payments. and paid the TDS to central government.
    Now couple of day a go i got letter from income tax office that i have not filed the incone tax returnhaving description as TDS retun under section 194C. I want to file eTDS return online. please tell me which ITR form (i.e. ITR1, ITR2, ITR3, ITR4 …..) should i use to fill the details of tds deducted. I have original copy of TDS Certificates with me (i.e. Form 16A) for Assessment year 2010-11 and 2011-12 with all details provided by deductor. In short i want know in which ITR category I (contractors or sub contractors) fall in. i dont have any other bussiness or any source of income. Please help….

  14. Suppose If TDS is not deducted for FY 2011-2012, can we deduct the TDS of FY 2011-2012 in the current FY i.e.2012-2013?. If it is possible, How to file return for such deduction?


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