In this post, we will discuss how to download your TDS paid challan easily from the Income Tax portal and OLTAS. We’ll also cover its types, importance, and step-by-step process to help you stay tax-compliant.
Let’s look at each section in detail:
A TDS Challan is a form used to pay TDS or TCS to the government. It includes details like the taxpayer’s name, TAN (Tax Deduction and Collection Account Number), amount of tax, and assessment year. This challan makes tax payments easier and helps avoid mistakes. You can pay it online, and it also acts as proof that tax has been paid. It’s an important document when filing your income tax returns and staying compliant with the tax rules.
Before you download a TDS challan from the Income Tax website, make sure you have these things ready:
From July 1, 2022, onwards, deductors can also download TDS challans directly from the income tax website. To do this, follow these steps:
Step 1: Go to the income tax e-filing portal and log in using your TAN.
Step 2: Go to the “e-file” menu and click on “e-pay tax”.
Step 3: Click on ‘Payment History’. You will now see a list of all the TDS challans you have paid.
Earlier, tax payments were made through OLTAS before they got shifted to the e-filing portal. If you still want to check your challan details online, follow these steps:
Step 1: Go to the TIN-NSDL website
Step 2: Under the “Services” menu, click on “OLTAS”
Step 3: Click on ‘Challan Status Inquiry’, then choose either ‘TAN-based view’ or ‘CIN-based view’ – whichever you have details for.
If you have the challan counterfoil, select the CIN-based view. Then enter:
Next, fill the captcha and click on ‘View’. You’ll see all challan details on screen.
If you don’t have challan slip details, choose TAN-based view. Just enter your TAN and the time period when the challan was paid. After submitting, the challan info will be shown.
So finally, checking and downloading your TDS challan from the Income Tax portal is quite important. It helps you stay tax-compliant and keeps your records neat. If you just follow the steps, you can easily get your challan copy, which is your proof of payment. Also, knowing the types of challans and what’s needed to access them will make your tax filing smoother and help you avoid any last-minute issues.
This concludes our post. Please leave any questions or comments in the box below, and we will happily respond.
Ans: Filling a TDS Challan is simple. First, write your TAN, choose the correct assessment year, and select the type of payment. Then, mention the payment amount and its nature (like salary, contractor, etc.). Recheck everything once before you submit.
Ans: TDS Challan is needed to deposit the tax deducted from someone’s payment to the government. It helps keep your tax records clean and shows that you’ve followed the rules correctly.
Ans: CIN is a unique number you get after paying your TDS challan. It acts like a receipt – you can use it later to confirm that your payment was done properly.
Ans: For most types of TDS payments, you have to deposit the challan by the 7th of the next month. But if it’s for buying property, then the due date is the 30th of that same month.