Mode of payment of TDS to Government

Payment of TDS has been made easy for the deductor by introducing the online payment facility by income tax of India. Followings rules are to be followed while making payment of TDS deducted;

  1. In the case of an office of the Government, 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 within ten days from the end of the month to the agency authorised by the Director General of Income‐tax (Systems) in respect of tax deducted by the deductors and reported to him for that month; and
    • 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.
  1. For the purpose of above sub‐rule, the Director General of Income‐tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture and transmission of data, and shall also be responsible for the day‐to‐day administration in relation to furnishing the information in the manner so specified.
    1. Where tax has been deposited accompanied by an incometax challan, the amount of tax so deducted or collected shall be deposited to the credit of the Central Government by remitting it within the time specified in clause (b) of sub‐rule (1) or in sub‐rule (2) or in sub‐rule (3) into any branch of the Reserve Bank of India or of the State Bank of India or of any authorised bank;
    1. Where tax is to be deposited in accordance with clause (i), by persons referred to in sub‐rule (1) of rule 125, 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.
  1. For the purpose of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or to the State Bank of India or to any authorised bank, if the amount is remitted by way of
    • internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or
    • Debit card.
  1. Where tax is deducted before the 1st day of April, 2010, the provisions of this rule shall apply as they stood immediately before their substitution by the Income‐tax (Amendment) Rules, 2010.

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