Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

Tds online payment for employees

713 views 2 replies

24oct72

Director

40 Points Posted on 10 March 2016

Hi,

I am an employer and have deducted TDS from employees based on the investment declarations they have submitted. My company also has a TAN.

I want to remit the TDS of my employees. In this context, I understand I have to use ITNS281 and nature of payment is 92B

But when doing online payment at https://onlineservices.tin.egov-nsdl.com/etaxnew/PopServlet?rKey=1454089827 the system does not prompt for the PAN no. of the employee against whom the TDS credit should reflect. Do I still go ahead and pay online? If so, how will the respective employees TRACES will get updated?

Kindly help

Regards

Govind

Replies (2)

CMA Poornima Madhava

CMA

13117 Points Posted on 10 March 2016

When the payment of TDS u/s 92B is made, TAN of the deductor is mentioned in the online challan. This is only a part of the process. After the payment is made, deductor is required to file TDS return (form 24Q for salary) on quarterly basis. PAN of the employee shall be mentioned in 24Q. Once this return is submitted and accepted, then the credit appears in 26AS. Hope this is clear.