TDS Compliance Checker

Key TDS rates under Income Tax Act: Salary (as per income tax slab), Contractor/sub-contractor Section 194C (1% individual, 2% company), Professional fees Section 194J (10%), Rent Section 194I (10% property, 2% equipment), Interest Section 194A (10%), Commission Section 194H (5%). Rates double if PAN is not provided by the payee.

TDS deducted in April to February must be deposited by the 7th of the following month. TDS deducted in March must be deposited by 30th April. Late payment attracts interest at 1.5% per month from the date of deduction to the date of payment — this compounds quickly.

Form 16 is the TDS certificate for salary. It must be issued by 15th June for the previous financial year. Form 16A (for non-salary TDS) must be issued within 15 days of the quarterly TDS return due date. These certificates allow employees and vendors to claim the deducted TDS against their income tax liability.

If TDS is not deducted when required, the payer becomes an 'assessee in default'. Consequences: interest at 1% per month from due date to deduction date, interest at 1.5% from deduction to payment, penalty equal to the TDS amount, and disallowance of the expenditure as a deduction in income tax.

Form 24Q (salary TDS): Q1 by 31 July, Q2 by 31 October, Q3 by 31 January, Q4 by 31 May. Form 26Q (non-salary TDS): Q1 by 31 July, Q2 by 31 October, Q3 by 31 January, Q4 by 31 May. Late filing penalty: ₹200 per day, up to the TDS amount.