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TDS and TCS returns

Deduct at the right rate, pay on time, file quarterly statements and issue certificates.

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What it isWho needs itDocuments requiredOur processFAQ

About TDS and TCS returns

Tax Deducted at Source (TDS) means deducting a portion of tax when you make certain payments, such as salary, rent, contractor and professional fees, commission and interest, and paying it to the government. Tax Collected at Source (TCS) applies to sellers of specified goods. Deductors need a TAN, must deposit the tax by the 7th of the following month, file quarterly statements, and give certificates to the persons from whom tax was deducted.

Wrong rates, late payment or missing statements lead to interest, late fees and disallowance of expenses. From 1 April 2026 the new Income-tax Act, 2025 renumbers sections and forms, for example the salary TDS statement is now Form 138, while the older 24Q, 26Q and 27Q are the earlier names. We follow the form that applies to each period.

Who needs it

  • Employers paying salaries
  • Businesses paying rent, commission, contractor or professional fees
  • Companies, firms, LLPs and individuals above the audit limit
  • Deductors who need TAN registration or correction statements

Documents required

For regular filing

  • TAN and TRACES login of the deductor
  • PAN of every person to whom payment is made (deductee)
  • Payment details: amount, date, nature of payment
  • Challan details of tax already deposited
  • Salary register for salary TDS, with investment declarations from employees

For TAN registration

  • PAN of the deductor
  • Proof of address
  • Authorised person details

For corrections

  • Copy of the earlier statement and the default or error notice
  • Correct deductee PAN, amounts or challan details
Exact requirements can vary with your case and the authority. We confirm the final list when you contact us, so you collect everything once.

How we do it

  1. Check applicabilityWe check each type of payment and the rate that applies.
  2. Compute and depositWe prepare the monthly TDS computation and challan for payment by the 7th.
  3. Prepare statementsWe prepare the quarterly TDS and TCS statements, validate them, and file them with the Income Tax Department.
  4. ReconcileWe match challans with TRACES and clear mismatches and defaults.
  5. Issue certificatesDownload and issue certificates to employees and vendors.

Time it takes

Monthly work is done before the 7th. Quarterly statements are due on 31 July, 31 October, 31 January and 31 May.

Frequently asked questions

What are the due dates for TDS statements?

Quarterly statements are due on 31 July (April to June), 31 October (July to September), 31 January (October to December) and 31 May (January to March).

What happens if I deduct but do not deposit?

Interest is charged, and prosecution is possible in serious cases. The expense can also be disallowed. Pay on time.

Can you fix a past default?

Yes. We prepare correction statements and help respond to TRACES default notices.

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