TDS Return Filing

Overview

Quarterly TDS returns must be filed by all TAN holders within 30 days of the end of each quarter: Form 24Q (salary TDS — Section 192), Form 26Q (non-salary domestic TDS — Sections 194A, 194C, 194J, 194I etc.), Form 27Q (payments to non-residents — Section 195), and Form 27EQ (Tax Collected at Source). TRACES processes these returns and updates the tax credit (Form 26AS) for each deductee.

After the quarterly return is processed, Form 16 (salary TDS certificate) must be issued to employees by June 15, and Form 16A (non-salary) within 15 days of the due date. Errors in PAN, deductee details, or challan mapping cause TDS defaults — attracting Section 234E late fee (Rs.200/day) and demands on deductors. MFiling files error-free TDS returns with pre-filing verification and generates TRACES-compliant Form 16/16A certificates.

MFiling professional charges: from Rs.1,499/quarter (up to 20 deductees) | Rs.2,499/quarter (21–100) | Rs.3,999/quarter (100+).

Key Benefits

Timely Filing — Zero Rs.200/Day Late Fee

All quarterly TDS returns filed before due dates — Section 234E late fee completely avoided.

Error-Free Returns — No TRACES Defaults

Pre-filing validation catches PAN mismatches, challan errors, and rate errors before submission.

Form 16 / 16A Generation and Distribution

TRACES-compliant Form 16 (salary) and Form 16A (non-salary) generated and distributed to all deductees.

26AS Credit for All Deductees

Correctly filed returns ensure all deductees get their TDS credit in Form 26AS — prevents disputes.

TDS Defaults Resolved

Existing TDS defaults and TRACES notices addressed — short deduction and interest demands responded to.

Documents Required

TDS Payment Challans for the Quarter (challan number, BSR code, date, amount)

Deductee Details — Name, PAN, Payment Amount, TDS Amount for Each Transaction

Salary Register / Payroll Data (for Form 24Q — salary TDS)

Invoices / Payment Records for Non-Salary TDS (for Form 26Q)

Form 16 / 16A Part A Data from TRACES (for certificate generation)

How it Works

Collect Payment and Deduction Details (First week after quarter end)

Compile all payments made during the quarter, TDS amounts, and challan payment details.

Verify PAN of All Deductees (Day 3–5)

Validate all deductee PANs on Income Tax portal — incorrect PAN triggers higher TDS rate and default.

Map Challans to Deductee Payments (Day 5–7)

Correctly allocate challan amounts to respective deductee transactions — challan mapping errors cause defaults.

Prepare TDS Return (FUV File) (Day 7–10)

Prepare RPU (Return Preparation Utility) data file for Form 24Q / 26Q / 27Q as applicable.

File on TRACES / TIN Portal (Before due date (Jul 31/Oct 31/Jan 31/May 31))

Upload FUV file on TIN-NSDL portal or file through TRACES — receive provisional receipt.

Generate and Issue Form 16 / 16A (Within 15 days of return due date)

After return processed by TRACES, generate digitally signed Form 16/16A and distribute to deductees.

Frequently Asked Questions

What are the consequences of filing TDS returns with incorrect PAN?

Incorrect or invalid PAN in TDS returns causes the deductee's Form 26AS to not get updated — the deductee cannot claim TDS credit when filing their ITR. The deductor faces a higher TDS obligation demand (20% instead of actual rate). TRACES issues defaults for such errors. Correction is possible by filing a TDS correction return, but if the correct PAN is not verified, the error may persist. MFiling validates all PANs before filing to prevent this.

Can TDS return errors be corrected after filing?

Yes. TDS return corrections can be filed through TRACES online correction facility. Corrections for PAN errors, challan details, deductee amounts, and sections can be made by filing a correction statement (type C-1 to C-9 depending on the correction type). However, corrections are limited in number — after multiple corrections, further changes may require written application to the TDS Assessing Officer. MFiling files error-free returns to minimise the need for corrections.

Service Price

₹1,499

Starting price · GST extra

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Timely Filing — Zero Rs.200/Day Late Fee

All quarterly TDS returns filed before due dates — Section 234E late fee completely avoided.

Error-Free Returns — No TRACES Defaults

Pre-filing validation catches PAN mismatches, challan errors, and rate errors before submission.

Form 16 / 16A Generation and Distribution

TRACES-compliant Form 16 (salary) and Form 16A (non-salary) generated and distributed to all deductees.

26AS Credit for All Deductees

Correctly filed returns ensure all deductees get their TDS credit in Form 26AS — prevents disputes.

TDS Defaults Resolved

Existing TDS defaults and TRACES notices addressed — short deduction and interest demands responded to.

TDS Return Filing

Overview

Key Benefits

Documents Required

How it Works

Frequently Asked Questions

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