TDS CHALLAN ITNS 281 – DEPOSIT TDS ONLINE
Challan is the form to be filled up details at the time of depositing TDS. Relevant challan is ITNS 281 for TDS deposit to the treasury of Government.
TDS is tax deducted at the source of payment itself. TDS is a direct tax managed by CBDT (Central Board of Direct Tax).
Table of Contents
What is TDS Challan ITNS 281?
Income Tax Department has come up with an online deposit of TDS through the Online Tax Accounting System (‘OLTAS’). The reasons for launch online services are the speed of depositing the tax and the amount being credited to the Government account. Also, it helps to reduce errors by reducing human interaction and manual collection of challan from banks after payment.
What is the timeline of depositing TDS Challan ITNS 281?
The time limit for depositing TDS amount to the account of the Government
- Government: The amount needs to be paid on the same day where the payment is made by or on behalf of the Government
- Other than Government:
- TDS on purchase of the property should be deposited within 30 days of the next month i.e. if a property is purchased on 15th July, 202X, then TDS should be deposited within 30th August, 202X. So, tax is paid within 30 days of the next month in which deduction is made.
- Amount paid or credit in March, within next month by 30th April
- Any other case: the amount has to be deposited within the 7th of the next month.
Online Process to deposit TDS Challan ITNS 281
By following the steps given below, you can easily pay your income tax online:
Step 1:
Go to NSDL-TIN (Tax Information Network) TDS e-payment options
Step 2:
Select ‘Challan No./ ITNS 281’ – Payment of TDS/TCS by Company or Non-Company Deductee
Step 3:
The following screen will appear for input details to be filled in Challan ITNS 281.
- Deductee details:
- Select the Deductee (Company or Non-Company):
- Select the deductee (recipient of income) from the following two options:
- Tax Applicable (Tax Deducted/Collected At Source From)
- (0020) Company Deductee
- (0021) Non-Company Deductee
- Type of Payment:
- Select (200) TDS/TCS Payable by Taxpayer
- Select (400) TDS/TCS Regular Assessment / advice from income tax authorities
- Nature of Payment: The section under which TDS/TCS has been deducted has to be selected from the drop-down list eg. Section 192, 193, 194, etc.
- Mode of Payment: Select whether payment will be made from Net-Banking or Debit Card. Then, select the bank from the drop-down list.
- Tax Deduction Account Number (TAN): Fill up the TAN number. TAN or Tax Deduction and Collection Account Number is a unique ten-digit alphanumeric number required to be obtained by all persons who are responsible for deducting or collecting tax.
- Assessment Year (AY): Select Assessment year e.g. Financial year 2020-21 (from 1st April 2020 to 31st March 2021), then select AY as 2021-20
- Fill up the Address & Contact details & Captcha code. Click ‘Proceed’ to go to the next page.
Step 4: Confirmation pages
Details filled in will be displayed for checking and confirming.
Important checks
- Name as per Income Tax Department database (Masked) will be displayed on the confirmation screen
- Financial year will be displayed relevant to AY (assessment year) entered
Step 5: Agree and submit to the bank
The following screen appears to click on ‘I agree’ post checking the details shown. Click ‘Submit to the Bank’. The system re-directed to the bank’s portal for payment.
Once payment is processed, thetaxpayer can download paid challan which will reflect the followings:
- TAN number
- Amount of TDS deposited
- Major Head: Company Deductee (0020) or Non-company Deductee (0021)
- Minor Head: Paid by the taxpayer (200) or Regular assessment (400)
- Section code of TDS / Nature of payment
- Assessment Year
- BSR Code of Bank,
- Challan Serial Number,
- Date of tendering payment,
The above information would help to file a TDS Return.
Offline Process to deposit TDS Challan ITNS 281
The other option is the old way of payment. The taxpayer has to submit duly filled physical challan along with payment advice like cheque, cash, debit advice form to bank authorized to accept tax payments. Once the payment is cleared, the bank will issue a physical counterfoil of challan as proof of submission.
Challan Status Enquiry for Taxpayers:
Using this feature, taxpayers can track online the status of their challans deposited in banks. This offers two kinds of searches as follows:
a) CIN based view:
On entering Challan Identification Number (CIN i.e. details such as BSR Code of Collecting Branch, Challan Tender Date & Challan Serial No.) and amount (optional), the tax payer can view the following details:
- BSR Code
- Date of Deposit
- Challan Serial Number
- Major Head Code with description
- TAN/PAN
- Name of Taxpayer
- Received by TIN on (i.e. date of receipt by TIN)
- Confirmation that the amount entered is correct (if the amount is entered)
b) TAN based view:
By providing TAN and Challan Tender Date range for a particular financial year, the taxpayer can view the following details:
- CIN
- Major Head Code with description
- Minor Head Code
- Nature of Payment
If the taxpayer enters the amount against a CIN, the system will confirm whether it matches the details of the amount uploaded by the bank.
Steps of Challan Status Inquiry
- Go toTIN-OLTAS Challan Status Enquiry
- Under taxpayers, Select either CIN (Challan Identification Number) or TAN based view
- Fill the requisite information
- Download the challan details containing the requisite information. This is used to verify the Challan entries filled in the e-TDS/TCS Statement.
Challan Status Enquiry for Banks
Using these features, tax collecting branches and the nodal branches can track online the status of their challans deposited in banks as follows:
a) Collecting Bank Branch:
On providing the branch scroll date and the major head code – description, the tax collecting branch can access the total amount and the total number of challans for each major head code. Further, the collecting branch can view the following details:
- Challan Serial Number
- Challan Tender Date
- PAN/TAN
- Name of Taxpayer
- Amount
- Date of receipt by TIN
b) Nodal Bank Branch:
On providing the nodal scroll date and the major head code-description, the nodal branch can view the following details:
- Nodal Branch Scroll Number
- Scroll Date
- Major Head Code – Description
- Total Amount
- Number of Branches
- Number of Challans
Further, for each Nodal Branch Scroll Number, the following information can be accessed:
- BSR Code
- Branch Scroll Number
- Branch Scroll Date
- Total Amount
- Number of Challans
- Date of receipt by TIN
How to correct offline Challan ITNS 281 deposited to bank
To rectify errors in physical challan, the taxpayer may approach bank for correction subject to the following time limit:
| Sl. No. | Type of correction on challan | Period for correction request (in days) |
|---|---|---|
| 1 | PAN / TAN | Within 7 days from challan deposit day |
| 2 | Assessment Year | Within 7 days from challan deposit day |
| 3 | Total Amount | Within 7 days from challan deposit day |
| 4 | Major Head | Within 3 months from challan deposit day |
| 5 | Minor Head | Within 3 months from challan deposit day |
| 6 | Nature of payment | Within 3 months from challan deposit day |
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