Time and Mode of TDS Payment to Government Account or Tax paid under Section 192(1A) [Rule 30]

1. Time of TDS Payment

2. Mode of TDS Payment

(I) Time of TDS Payment

1. TDS Deducted by an office of the Government:

   1. on the same day where the tax is paid without production of an income-tax challan; and

   2. on or before seven days from the end of the month in which the deduction is made, where tax is paid accompanied by an income-tax challan.

2. TDS Deducted In any Other Case,

   1. on or before 30th day of April where the income or amount is credited or paid in the month of March; and

   2. in any other case, on or before seven days from the end of the month in which the deduction is made.

3. Cases when Payment of TDS Deposited Quarterly

   In the following cases, the Assessing Officer may with the prior approval of the Joint Commissioner, allow payment of TDS quarterly as under:

(II) Mode of TDS Payment

1. Where office of the Government makes the TDS Payment without production of Challan

   1. In case of an office of the Government where TDS has been paid to the credit of the Central Government without the production of a challan i.e. through book entry [Rule 30(4)]

   Where tax has been paid to the credit of the Central Government without the production of a challan, the Pay and Accounts Officer or the Treasury Officer or the Cheque Drawing and Disbursing Officer or any other person by whatever name called to whom the deductor reports the tax so deducted and who is responsible for crediting such sum to the credit of the Central Government, shall submit a statement in Form No. 24G to the agency authorised by the Principal Director of Income-tax (Systems) in respect of tax deducted by the deductors and reported to him.

   2. Time limit for furnishing the TDS Statement in Form No. 24G [Rule 30(4A)]

   Statement in Form No. 24G shall be furnished—

   1. on or before the 30th day of April where the statement relates to the month of March; and

   2. in any other case, on or before 15 days from the end of relevant month.

   3. Manner of furnishing the TDS Statement in Form No. 24G [Rule 30(4B)]

   Statement in Form No. 24G shall be furnished in the following manner, namely:

   1. electronically under digital signature in accordance with the procedures, formats and standards specified under rule 30(5); or

   2. electronically alongwith the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under rule 30(5).

   4. Book Identification Number to be intimated to each of the Deductors of TDS [Rule 30(4C)]

   The persons referred to in rule 30(4) shall intimate the number (hereinafter referred to as the Book Identification Number) generated by the agency to each of the deductors in respect of whom the sum deducted has been credited.

   5. Principal Director General of Income-tax (Systems) to specify the Procedure, Formats, etc. of furnishing and verification of the TDS Statements [Rule 30(5)]

      The Principal Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements and shall be responsible for the day-to-day administration in relation to furnishing of the information and verification of the statements.

2. Where TDS is to be Deposited Accompanied by an Income-Tax Challan No. ITNS 281

The person deducting tax shall pay the amount of tax so deducted to the credit of the Central Government by remitting it within the time specified it into any branch of:

1. the Reserve Bank of India, or

2. the State Bank of India, or

3. any authorised Bank.

3. Where TDS is to be deposited Electronically by Person referred to in rule 125(1)

The amount deducted shall be electronically remitted into the Reserve Bank of India or the State Bank of India or any authorised bank accompanied by an electronic income-tax challan.

4. Who is required to make electronic payment of TDS [Rule 125(1)]

The following persons shall pay tax electronically on or after 1.4.2008:—

1. a company; and

2. a person (other than a company), to whom provisions of section 44AB are applicable.

5. Time and Mode of Payment of TDS Deducted under Section 194-IA [Rule 30(2A) & (6A)]

As per rule 30(3), tax deducted under section 194(1A) shall be paid to the credit of the Central Government within a period of 30 days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No.26QB.

Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form No.26QB, the amount of tax so deducted shall be deposited to the credit of the Central Government by remitting it electronically within the above specified time into the Reserve Bank of India or the State Bank of India or any authorised bank. [Rule 30(6A)]

6. Time and Mode of Payment of TDS Deducted under Section 194-IB [Rule 30(2B) and (6B)]

As per rule 30(2B), any sum deducted under section 194-IB shall be paid to the credit of the Central Government within a period of 30 days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QC.

Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form No.26QC, the amount of tax so deducted shall be deposited to the credit of the Central Government by remitting it electronically within the time specified in rule 30(2B) into the Reserve Bank of India or the State Bank of India or any authorized bank. [Rule 30(6B)]