Benefits of TDS Online Payment and TDS service by Alankit Assignments Limited

by Nisha Sharma SEO Executive

All business and non – business tax deduction entities make payments under Income Tax Act to a third party who is required to deduct tax at source (TDS) from the amount received. The amount deposited with any authorized bank branch with the collected taxes on behalf of the government of India. They also required showing TDS return with a third party and challan details to the IT department.


According to the TDS service Scheme:

  • From 1 June 2003, business entities must deduct tax and provide their TDS returns in electronic form.
  • From F.Y 2004 -05, government entities must deduct tax and furnish TDS return in electronic form.
  • An organization other than government and corporations may file a TDS return in physical form or electronic form.


Timelines for TDS Payments:

  1. The deductor collects TDS at the fixed time, i.e., the 7th of each month. For example, the deductor should pay the TDS for June before 7 July.
  2. The decided due date for TDS payment is on the same day tax is deducted, and it is specifically for the government deductors; they are required to pay their tax without a challan.
  3. In March, as it is the financial year-end, the deductor can pay the TDS amount before 30 April.
  4. In some situations, the Assessing Officer (AO) may make a TDS payment every quarter with prior approval from the joint commissioner. Therefore, the last date of TDS payment will be the 7th of next month. After that post each quarter-end and for the financial years it is 30 April. 
  5. The timeline to apply for payment for all the deductors, i.e., government or non – government assesses, must submit their challan under treasury challan.


TDS Certificate: 

According to section 203, after the person deposits TDS with the Income Tax Department, the deductor needs to allot a TDS certificate to the concerned individual on behalf of the person for whom the tax is paid.


Primarily, the TDS Certificate or Form 16/Form 16 A should be issued to the individual every quarter or annually. To make the process easy, Alankit Assignments Limited allows online payment for TDS and e- filing, as it is hassle-free, convenient, and quick.


Benefits of TDS Online Payment:

  • Alankit Company provides the facility of e- filing of TDS return that is also environment–friendly by saving paper in huge quantities.
  • There is a significant decrease in the chances of corruption and other fraud practices like the discretionary grant credit of tax deduction depends on manual TDS certificates because of a safe and transparent system online.
  • Have the facility to make a 24x7 payment facility for all 365 years.
  • The Alankit Company reviews and provides the facility to download the challan copies and save them for future reference.


Alankit Assignments Ltd is a public company established in 1995. It is now a full-service stock broking company. They also offer other services like GST calculations, e-governance, health, and life insurance services. There are over 2000 professionals who play a vital role in making the customer satisfied with their top-notch services. To learn more about them, check out their website here.

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About Nisha Sharma Senior   SEO Executive

329 connections, 7 recommendations, 927 honor points.
Joined APSense since, August 1st, 2017, From Delhi, India.

Created on Sep 21st 2021 07:24. Viewed 330 times.


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