TDS statement status
How to Check Your TDS Statement Status Easily
In this post, we will discuss what TDS is, why it matters, and how to check the status of your TDS return on the TIN NSDL portal, plus answers to common FAQs. Let’s go through the process step by step.
- What is TDS (Tax Deducted at Source)?
- Importance of TDS Statement Status
- Prerequisites for TDS Statement Status
- How to check TDS return status on the Protean (NSDL) website?
- What to do when you face login issues on the income tax portal?
- Alternative Ways to Check TDS Statement Status
- Steps for Rectifying Incorrect TDS Entries
- FAQ
What is TDS (Tax Deducted at Source)?
TDS is a simple way for the government to collect taxes on time. Here, the person making the payment, like your employer or bank, cuts a small part of the amount before giving it to you and pays that tax to the government.
Why is this done?
- It helps the government get taxes on time before the money reaches you.
- It reduces tax evasion since the tax is already deducted at the source.
For example, if your monthly salary is ₹1,00,000, your employer might cut ₹10,000 as TDS and pay it directly to the government on your behalf.
Importance of TDS Statement Status
Checking your TDS status is essential because it helps ensure the tax deduction by your employer or anyone else is actually credited to your account. If something is wrong, it can create problems during tax filing, and you might even end up paying extra tax or facing penalties.
For example, if your employer cuts ten thousand rupees as TDS but does not deposit it with the government, you may have to pay tax again on the same income.
Prerequisites for TDS Statement Status
Before you check your TDS status, make sure you have a few things ready:
- PAN Card: You need your PAN number to view your TDS details.
- Internet Connection: keep your internet connection active to open the Income Tax website.
- TDS Details: Your employer, bank or anyone who deducted TDS should have shared your details through Form 26AS or a TDS certificate.
How to check TDS return status on Protean (NSDL) website?
The TDS return status check function has been moved to the new page under the TIN NSDL Portal. It’s no longer available under > Status of Tax Refunds.
Step 1: Go to the official TIN NSDL website: https://www.protean-tinpan.com/
Step 2: Click on the Service Tab > e-TDS/e-TCS
Step 3: In the eTDS/eTCS page, scroll to the end and click “Quarterly Statement Status”.
Step 4: Enter the Provisional Receipt Number (PRN) and TAN in the appropriate boxes. After filing your TDS/TCS return, you must have received an acknowledgement number known as a provisional receipt number.
After completing the security check, click”View Status.”
What to do when you face login issues on the income tax portal?
- Forgot Password: Click on the “Forgot Password” option and set a new one.
- Wrong PAN: Recheck your PAN to ensure there are no spelling or number errors.
- Server Issue: Sometimes the portal may be down for maintenance. Please wait a while and try again.
Alternative Ways to Check TDS Statement Status
Apart from checking on the Income Tax portal, you can also see your TDS details in these two ways:
- TRACES (TDS Reconciliation Analysis and Correction Enabling System)
Go to the TRACES website and log in with your PAN. You can view your TDS information there. - TDS certificates
Your employer or the person who deducted tax will give you Form 16 or Form 16A. These forms show how much TDS was deducted and deposited.
Steps for Rectifying Incorrect TDS Entries
If you notice any mismatch in your TDS details, you can follow these steps:
- First, inform your employer or the person who deducted the TDS about the incorrect entry.
- They will need to update the TDS return with the correct information.
- After the correction is made, check your Form 26AS to confirm that the update has been reflected.
For example, if your employer has reported a higher TDS amount than what was actually deducted, request them to correct it on the portal.
We have reached the end of this post. Please leave your questions in the comments area below.
FAQ
1. Is it possible to file an e-TDS statement in the absence of a TAN or TAN allotment?
Ans: TDS and TCS returns must include a TAN. If the TAN is not provided, any reimbursements, whether paper or electronic, will become denied.
2. How do I know if my TDS has been deducted correctly?
Ans: You can simply log in to the Income Tax portal and check your Form 26AS. It will show the TDS amount that has been deducted and reported.
3. Is there any limit on how much TDS can be deducted?
Ans: The TDS rate is already fixed for each type of income. You just need to check the Income Tax Act to know the exact rate and rules for your case.
4. Can TDS be refunded if more is deducted than needed?
Ans: Yes, if too much TDS is deducted, you can get it back by filing your income tax return.
5. What is TRACES, and how does it connect to TDS?
Ans: TRACES is a website run by the Income Tax Department where you can check, download, and correct your TDS details.
