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There are normally 2 types of TDS
- TDS Salary
- TDS Non Salary
Lets study their difference in detail
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TDS SALARY |
TDS NON SALARY |
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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 |
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It is to be paid monthly By 7th of next month Challan Name is Challan 281
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It is to be paid monthly By 7th of next month except March
For March-31 March Challan Name here also is Challan 281
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Covered in Section 192 |
Covered in different sections like Section 194A ,194C,194I etc which we will study later |
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One challan for one month is sufficient |
Separate challan for different sections |
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TDS Certificate Form is Form 16 which is issued to deductee |
TDS Certificate Form is Form 16A which is issued to deductee |
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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) |
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TDS is deductible on payment of salary |
TDS is deductible on payment or credit which ever is earlier |
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