There are normally 2 types of TDS

  • TDS Salary
  • TDS Non Salary

Lets study their difference in detail

TDS SALARY

TDS NON SALARY

It is tax deducted by employer on Salary paid to employee

It is tax deducted by payer on payment made to a payee other than salary

It is to be paid monthly

 By 7th of next month

Challan Name is Challan 281

 

 

It is to be paid monthly

 By 7th of next month except

March

 

For March-31 March

Challan Name here also is Challan 281

 

Covered in Section 192

Covered in different sections like

Section 194A

,194C,194I etc which we will study later

One challan for one month is sufficient

Separate challan for different sections

TDS Certificate Form is Form 16 which is issued to deductee

TDS Certificate Form is

Form 16A which is issued to deductee

Return form is Form 24Q

 (both for Residents and non residents deductees)

It contains details of TDS Deducted

Return form is

Form 26Q (for Resident deductees)

and 

Form 27Q (For non residents deductees)

TDS is deductible on payment of salary

TDS is deductible on payment or credit which ever is earlier

 

 

  1. Income Tax
  2. Tax Deducted at Source (TDS)

About the Author

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.