4/19/2019 TDS Return Forms 24Q, 26Q, 27Q, 27EQ: How to Download, Due Dates

TDS Return Forms 24Q, 26Q, 27Q, 27EQ: How to

Download, Due Dates
Home  Taxes in India  TDS Return Forms 24Q, 26Q, 27Q, 27EQ: How to Download, Due Dates

Updated: 24-01-2019 11:32:19 AM

Tax Deducted at Source or TDS is a type of advance tax which is deducted from the earnings of an
individual or an organization before the money is actually credited into that entity’s account, according to
the Indian Taxation Code. The government is able to generate revenues by implementing the provisions
of TDS on the earnings of individuals as well as businesses. Rules and regulations regarding TDS are
controlled and governed under the Income Tax Act, 1961 by the Central Board of Direct Taxes (CBDT).

As the name suggests, “Tax Deducted at Source” implies that the payee or the employer deducts the tax
before making a payment to the receiver. Tax Deducted at Source is applicable on income earned
regularly and also on the income earned occasionally or irregularly. Thus, TDS is applicable on various
incomes, including, but not limited to Salary, Commission, Rent, Professional Fees and Interest.

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Advantages of payment of TDS
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4/19/2019 TDS Return Forms 24Q, 26Q, 27Q, 27EQ: How to Download, Due Dates

TDS is payable on the earnings so it is important to note that the liability to pay TDS is applicable only in
the event of earnings actually taking place. TDS is deducted before making payments. Deductions are to
be made on payments that are made in cash, cheque or credit. The amount deducted under TDS is
further deposited with various government agencies. Payment of TDS has various advantages which are
as follows :

Deducting TDS at source prevents tax evasion.

Tax collection is done duly and in a timely manner.

A large number of people come under the tax net.

Collection of TDS is a steady source of revenue for the government.

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TDS Deductors as per Taxation Rules

Following is the list of deductors liable to deduct TDS:

Individuals

Hindu Undivided Family

Limited Companies

Partnership Firms

Body of Individuals

Association of Individuals

Local Authorities

Rate of TDS deduction

Payments such as salaries, commission, professional fees, interest earned, rent etc. are subject to TDS
deduction. Based on the type of income and amount of income earned, TDS is paid at various rates. Thus,
di erent kinds of income has di erent TDS rates and the tax is paid on the extra amount earned after a
certain maximum threshold limit is attained. The rate at which TDS is paid varies from 1 per cent to 30 per
cent, depending on the income taxed.
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4/19/2019 TDS Return Forms 24Q, 26Q, 27Q, 27EQ: How to Download, Due Dates

Method of TDS deduction

As commonly known, TDS is deducted on the payments made to the receiver. It means that the payments
are done to the receiver after deduction of appropriate tax for the income in question. The amount of
TDS that the receiver is liable to pay is deducted from the payment the receiver is liable to receive and the
remainder is paid out. It is important to note that the liability to deduct TDS is of the deductor. For
instance, in case of employer paying salary to employee, the employer is the deductor and the employee
is the TDS deductee.

All About TDS Returns

A TDS Return is a summary of all the transactions related to TDS made during a quarter. TDS Return is a
quarterly statement submitted by the deductor to the Income Tax Department. The statement shows a
summary of all the entries for TDS collected by the deductor and the TDS paid by the deductor to the
Income Tax Authority. The TDS Return statement includes details like the PAN number of the deductor &
the deductees, all the detailed particulars of the TDS paid to the government and the TDS Challan
information.

Also Read: TDS Returns: Eligibility, Filing Process, Due Dates & Revised TDS Return

Due Dates for ling TDS Returns

The following are the original due dates for ling TDS Returns for nancial year 2018-2019 :

Quarter Quarter Period Last Date of Filing TDS Returns

1st Quarter From 1st April 2018 to 30th June 2018 31st July 2018

2nd Quarter From 1st July 2017 to 30th September 2018 31st October 2018

3rd Quarter From 1st October 2018 to 31st December 2018 31st January 2019

4th Quarter From 1st January 2019 to 31st March 2019 31st May 2019

Late Filing of TDS Returns

As per the new rules, e ective from April 1, 2017, one is liable to pay a maximum penalty of Rs. 10,000 for
late ling of TDS Return. Also, ling of Form 26Q has been extended to 31st August, 2018 from 31st July, 
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4/19/2019 TDS Return Forms 24Q, 26Q, 27Q, 27EQ: How to Download, Due Dates

2018. Details of penalties for late ling of Form 26Q is mentioned in the table below :

Total Income below Rs. Total Income above Rs.

E-Filing Date
5,00,000 5,00,000

Upto 31st Aug 2018 Rs. 0 Rs. 0

Between 1st Sept and 31st Dec 18 Rs. 1000 Rs. 5000

Between 1st Jan and 31st March

RS. 1000 Rs. 1000
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TDS Return Forms: An Overview

As the deductor is liable to deduct tax and le the TDS Return form as the supporting document, it is
important to note that there are various types of TDS Return Forms for di erent situations. The type of
TDS Return Form to be submitted is based on the Nature of Income of the deductee or the type of
deductee who pays the TDS.

Type of TDS
Particulars of the TDS Return Forms
Return Forms

Form 24Q Statement for tax deducted at source from salaries

Form 26Q Statement for tax deducted at source on all payments other than salaries.

Statement for tax deduction on income received from interest, dividends, or any
Form 27Q
other sum payable to non residents.

Form 27EQ Statement of collection of tax at source.

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Let us study in detail the various types of TDS Return Forms.

Form 24Q

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It is used for preparing eTDS returns for the TDS deducted on salary under Section 192 of the
Income Tax Act, 1961.

It has to be submitted on a quarterly basis by the deductor.

It contains details like salaries paid and the TDS deducted of the employees by the employer.

It contains 2 annexures namely Annexure-I and Annexure II. Annexure-I contains details of the
deductor, deductees and challans, while Annexure II contains the salary details of the deductees.

Annexure-I is to be submitted by the deductor for all the four quarters of the nancial year.

Annexure II need not be submitted in the rst three quarters of the nancial year, but has to be
furnished and submitted in the fourth quarter of the nancial year with details of the employees’
salaries of the entire nancial year.

Form 26Q

It is to be submitted for tax deduction at source for all the payments received other than the salary.

It is submitted on a quarterly basis by the deductor and is applicable for tax deducted at source
under section 200(3), 193 and 194 of the Income Tax Act of 1961.

The income on which the tax is deducted at source includes interest on securities, dividend
securities, professional fees, directors’ remuneration, etc.

It is compulsory to furnish PAN by the deductors who are non-government deductors. For
government deductors “PANNOTREQD” has to be mentioned on the form.

Form 27Q

It is applicable for payments made to non-resident Indians and foreigners other than salary.

It has to be lled in for the declaration of Tax Deducted at source for the NRIs and Foreigners.

It is submitted on a quarterly basis by the deductor and is applicable for tax deducted at source
under section 200(3) of  the Income Tax Act of 1961.

The income on which the tax is deducted at source includes interest, bonus, any additional income
or any other sum owed to non-resident Indian or foreigner.

It is compulsory for non-government deductors to furnish PAN. For government deductors the
code “PANNOTREQD”has to be mentioned on the form.

Form 27EQ 
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4/19/2019 TDS Return Forms 24Q, 26Q, 27Q, 27EQ: How to Download, Due Dates

It is a quarterly statement that furnishes the details and information of the tax collected at source as
per section 206C of the Income Tax Act of 1961.

The form 27EQ is submitted on a quarterly basis. In this form it is mandatory to furnish TAN.

It is the statement to show the Tax Collected at Source (TCS), which is the tax collected by the seller.
When a buyer purchases certain goods or commodities, the seller collects the tax from the buyer
through the TCS route. This tax is collected on the payment received from the buyer either in cash,
credit, cheque, demand draft or from any other mode of payment.

It is to be furnished by corporate deductors and collectors but not by government deductors and
collectors. It is compulsory to furnish PAN by the deductors who are non-government deductors. For
government deductors, the code “PANNOTREQD” has to be mentioned on the form.

How to Download TDS Return Forms

TDS Return Form has been sub-divided into four categories. A taxpayer needs to choose the particular
category for which he/she has to le TDS Returns accordingly. Here are steps through which a taxpayer
can download the TDS return forms:

Step 1: Visit the o cial website of NSDL at https://www.tin-nsdl.com/

Step 2: Click the “Downloads” tab and choose E-TDS/E-TCS from the drop down list menu

Step 3: Click “Quarterly Returns” and then choose “Regular”

Step 4: You will be redirected to the new page

Step 5: Choose the TDS Return Form as per the requirement mentioned under section “Form”

Tax Saving Investment Options

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