How to Claim TDS Refund (Deductee) and File TDS Return (Deducter)?

It stands for 'Tax Deduction at source'. It is a way of tax collection where the percentage of certain amount is deposited in a time with the government as taxes on behalf of the receiver of such payments. The tax can be deducted on the behalf of source of earning, it can range from 1% of sale proceeds to 30%.

How to Claim Refund of TDS Deducted

Filling the e-TDS return is mandatory for company and government deductions as per section 206 of Income Tax Law. TDS return is required to be filed by the employer who has deducted the TDS. TDS returns are required to be filed after specified intervals and details to be furnished in this form include fields like TAN No., TDS Payment, the amount deducted, types of payment, PAN No. etc.

If your total income exceeds the total taxable limit (Describe by Income Tax Department) then your employer (Deductor) can deduct TDS. The e-TDS can be be filled by both employee and employer.

For Employee or Deductee

If you want to claim a refund of TDS then you have to submit your ITR.
For this you can download utilities provided by ITD (Income Tax Department Website), fill all relevant data, fill the details of TDC/TCS deducted and submit your income tax return in the appropriate ITR form.
But for this, firstly you should be aware which ITR is applicable and relevant provisions of the income tax Act, if you want to remove all such burdens from your side then you can use our software.

Benefits to use SAG Infotech TDS Software:

Auto selection of applicable ITR form.
Auto calculation of total taxable income after chapter VI A deduction.
Import TDS/TCS detail from your 26AS statement within a single click (no need to insert TDS detail manually).
Auto calculates the refund amount and easy uploading ITR.

How to file TDS return (For an Employer and Deducted)

Firstly, you have to apply for TAN number, after receiving the TAN number, you can file your TDS return. TDS returns are uploaded quarterly or annual basis forms are depending on employer or deducted. If you are an employer then you can file 24Q and any other case you need to upload 26Q. Both returns are compulsory to be e-file.

Download 24Q/ 26Q from TRACES,
Fill all relevant data, including Challan details with deductee/employee information.
Upload the return on TRACES by using user id and password provided by NSDL.

By using our software you can upload your TDS/TCS return very quickly.

Employer/deducter master to insert details of person deducting TDS.
TAN verification from Traces.
Challan verification from TIN.NSDL.
Annual / monthly salary calculation with all adjustments of allowances and Perks and chapter VI-A deductions.
Auto selection of TDS rates by selections of relevant head of income.
Easy uploading of return with data validation check facility.

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