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TDS Return

Income Tax / Tax Deducted on Source (TDS)

Meeting the requirements of Tax Deducted at Source (TDS) under Income Tax Act are made easy with Efficay Online Payroll. Easily collect all the information about tax planning of your employees with tax declaration form. Generate form 16 and form 12BA

  • Provides easy to understand and use web based tax declaration form to collect employee tax planning data
  • Considers salary projections to arrive at total tax
  • Automatically takes professional tax and provident information.
  • Simple process for caculating TDS
  • Automatically creates the tds deduction after tds calculation
  • Allows you to record the perquisites for the employees for Form 12BA
  • Generate Form 16, Form 12BA
  • Meeting the requirements of Tax Deducted at Source (TDS) under Income Tax Act are made easy with Efficay Online Payroll. Easily collect all the information about tax planning of your employees with tax declaration form. Generate form 16 and form 12BA

    The due dates for filing TDS statement are as follows:

  • 15th of July for Quarter 1
  • 15th of October for Quarter 2
  • 15th of January for Quarter 3
  • 15th of May for last quarter
  • TDS Rate Chart

    Nature of Payment Threshold Limit Company firm Co-Op Soc. Local Authority Individual HUF If No PAN or Invalid PAN
    Sec. Description Amount Rate Rate Rate
    194A Interest-Payable by Banks 10,000 10 10 20
    Interest-Payable by Other 5,000 10 10 20
    194B Winning From Lotteries/Crossword Puzzle 10,000 30 30 30
    194C Payment to Contractor- Single Transaction 30,000 2 1 20
    Payment to Contractor- Aggregate During FY 75,000 2 1 20
    194D Insurance Commission 20,000 10 10 20
    194D Commission / Brokerage 5,000 10 10 20
    194I Rent 1,80,000 10 10 20
    Rent-Plant/Machinery 1,80,000 2 2 20
    194J Professional Fee 30,000 10 10 20
    194 Dividends - 10 10 20
    194BB Winning From Horse Race 5,000 30 30 30
    194F Re Purchase Units by MFs 5,000 30 30 30
    194G Commission- Lottery 1,000 10 10 20
    194LA Immovable Property 1,00,000 10 10 20


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