On time tax payment is important for every tax paying concern to avoid interest and penalties from income tax department. Online tds payment is compulsory for certain categories like
1. corporate assesses.
2. And for persons to whom section 44AB applicable.( compulsory tax audit is applicable)
Tax should be paid to government within seven days from the last day of the month of deduction.TDS online payment made through tax information network of NSDL (National Securities Depository Ltd).NSDL is the first and largest depository in india,established in August 1996.NSDL is responsible for collecting tax on behalf of income tax department,by using tax information network , tax payer can fill up and submit challan through internet .
Internet banking facility in any one the stipulated bank is required for making online TDS payment. Here is a tutorial on how to make e payment of tds online for those who are not aware of the systems.
Go to epayment section of Tax information network Select challan NO ./ITNS 281 under section TDS/TCS Now fill up the challan with correct TAN number and other details ( click on the image to get larger view)
After filling the challan click on proceed button , in the next screen you will be asked for verifying the the data .
Check and confirm the accuracy of the data entered in the challan then click on submit to bank button, you will be redirected internet banking site of your bankmentioned in the challan.
Enter user name password and login to your bank account. And you will have a partially completed form with your TAN number and other details, now you should enter the tax details to be paid as shown in the below image.
Now click on payment button. You have successfully completed online TDS payment, now you will get cyber receipt of the payment made. Take a printout and as keep it safe.