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eTDS return, Form 16/16A and Income Tax Chart: updated information

From year 2004-2005 every establishment has to be submit TDS return electronically to ITD through NSDL. The following 5 Steps to e-TDS/e-TCS Return

Filing of Income Tax Returns (ITR) in July 2014
Central Processing of Statements of Tax Dectuded at Source
Extension of Quarterly TDS/TCS statement filing dates: NSDL TIN Operations Circular

From year 2004-2005 every establishment has to be submit TDS return electronically to ITD through NSDL.


The following 5 Steps to e-TDS/e-TCS Return


Step -1
The data structure (file format) in which the e-TDS / e-TCS return is to be prepared has been notified below:
(a) Annual e-TDS Return :
·         File Format for Form 24
·         File Format for Form 26
·         File Format for Form 27
(b) Annual e-TCS Return :
·         File Format for Form 27E
(c) Quarterly Return :
For Regular Statements pertaining to FY 2010-11 onwards:
For Regular Statements up to FY 2009-10
For Correction statements pertaining to FY 2010-11 onwards:
For correction statements up to FY 2009-10:
STEP – 2
e-TDS/e-TCS return in accordance with the file formats is to be prepared in clean text ASCII format with ‘txt’ as filename extension. e-TDS/e-TCS return can be prepared using in-house software, any other third party software or the NSDL e-TDS Return Preparation Utility (e-TDS RPU-Light).
Sample files prepared as per the file formats given below for reference.
Annual Return :
Quarterly Return :
For statement pertaining to FY 2010-11 onwards:
·         Sample file for Form 26Q
·         Sample file for Form 27Q
·         Sample file for Form 27EQ
For statement upto FY 2009-10
·         Sample file for Form 26Q
·         Sample file for Form 27Q
·         Sample file for Form 27EQ
STEP – 3
Once the file has been prepared as per the file format, it should be verified using the File Validation Utility (FVU) provided by NSDL.
* FVU for Annual Returns: e-TDS / e-TCS returns prepared for FY 2004-05 (Forms 24, 26, 27 and 27E) can be validated using this utility.
* FVU for Quarterly Returns: e-TDS / e-TCS returns prepared upto FY 2009-10 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.
* FVU for Quarterly Returns: e-TDS / e-TCS returns prepared for FY 2010-11 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.
STEP – 4
In case file has any errors the FVU will give a report of the errors. Rectify the errors and verify the file again through the FVU.
STEP – 5
The upload file generated by the FVU on successful validation is to be furnished to a TIN-FC or directly uploaded through the NSDL web-site.
Annual Returns:
Each e-TDS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27A).
Each e-TCS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27B).
Quarterly Returns:
Each e-TDS/TCS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27A).
Important for eTDS return
1. The information required for Annexure IV of Quarterly return is same as Form 16.
2. Do not club/merge income or tax information of two TAN regarding transferred in/out officials.
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Procedure to request for Form 16/16A

Now it is mandatory to obtain Form16/16A electronically from ITD website.  All office are required to registered his TAN with NSDL/ITD website.
1. Login to TAN Registration Account with user id, password and TAN.
2. Request for Form 16A can be made for the TAN logged in only. One TAN cannot request for Form 16A of another TAN.
3. On successful login, under menu ‘TDS certificate’, select option ‘Form 16/16A File Request’.
4. Clicking on aforementioned option, screen to provide following details will be displayed.
a. For Form 16A
o    Token number of accepted regular statement, Quarter and Financial Year for which Form 16A required.
o    On confirmation of above, details of challan/transfer voucher and deductee present in the TDS statement filed for the period for which Form 16A requested. This information is for verification purpose.
b. For Form 16
o    Token number of accepted regular statement and Financial Year for which Form 16 required.
o    On confirmation of above, details of challan/transfer voucher and three deductee present in the TDS statement filed for the period of which PRN is mentioned in previous screen. This information is for verification purpose.
5. Verification details:

  1. Provide updated details (corrected details, if any correction statement is submitted and accepted).
  1. For Form 16, details of Form 24Q of any quarter of F.Y. for which Form 16 is required should be provided.
  1. For Form 16A, details of Form 26Q/27Q of quarter for which Form 16A is required should be provided.
  1. For verification purpose if challan / transfer voucher details are provided for Form 26Q, deductee details also should be provided of Form 26Q only.
  1. Provide details of any one challan / transfer voucher present in the TDS statement (salary TDS statement for Form 16 and non salary TDS statement for Form 16A).
  1. Provide details of any three distinct deductee records (PAN and corresponding deducted amount) present in the TDS statement (salary TDS statement for Form 16 and non salary TDS statement for Form 16A), i.e. it is not required to mention deductee details which are associated to the challan / transfer voucher provided.
  1. If distinct deductee detail record in the statement is less than three then provide available distinct combination of PAN of deductee and corresponding deducted amount.

6. Form 16/16A will be provided on successful verification.
7. Option to request Form 16/16A for one PAN or all PANs is available.
8. Five attempts within a day are provided to correctly answer the verification questions for statement required.
9. In case of five unsuccessful attempts within a day for the same period request for such period can be placed only on next day.
10. On successful verification, request number is generated. TDS certificate is e-mailed to the user within 48 hours on the e-mail ID provided at the time of TAN registration.
11. TDS certificate is provided in a text file. In case of large number of records in the Form 16A requested, the TDS certificate is split in multiple files and emailed, owing to restriction of mail size at the user.
12. In case TDS certificate is split in multiple files then each file is sent by separate e-mail. File is password protected. To open the file, enter TAN registration number.
13. In addition to the e-mail, TDS certificate is also available for download.
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INCOME TAX RATE CHART
ASSESSMENT YEAR 2013-14
Tax rates for assessment year 2013-14
For Resident woman (who is below 60 years)
Net income
Income
range
tax rates
 Up to Rs. 200000
 Nil
 Rs.200001-Rs.500000
 10% of (total income minus Rs. 200000)
 Rs.500001-Rs.1000000
 10% of (total income minus Rs. 200000)
 Above Rs.1000000
 10% of (total income minus Rs. 200000)
For Resident senior citizens (Age between 60-65 years)
 Up to Rs. 250000
 Nil
 Rs.250001-Rs.500000
 10% of (total income minus Rs. 200000)
 Rs.500001-Rs.1000000
 10% of (total income minus Rs. 200000)
 Above Rs.1000000
 10% of (total income minus Rs. 200000)
For Resident Super Senior citizens (Age above 65 years)
 Up to Rs. 500000
 Nil
 Rs.500001-Rs.1000000
 10% of (total income minus Rs. 200000)
 Above Rs.1000000
 10% of (total income minus Rs. 200000)
For any other individual,every HUF/AOP/BOI
 Up to Rs. 200000
 Nil
 Rs.200001-Rs.500000
 10% of (total income minus Rs. 200000)
 Rs.500001-Rs.1000000
 10% of (total income minus Rs. 200000)
 Above Rs.1000000
 10% of (total income minus Rs. 200000)


ASSESSMENT YEAR 2012-13
Tax rates for assessment year 2012-13
For Resident woman (who is below 60 years)
Net income
Income
Range
tax rates
 Up to Rs. 1,90,000
 Nil
 Rs.190001-Rs.500000
 10% of (total income  minus Rs. 190000)
 Rs.500001-Rs.800000
 Rs.31000+20% of (total income minus Rs.500000) 
 Above Rs.800000
 Rs.91000+30% of (total   income minus Rs.800000)
For Resident senior citizens (who is 60 yrs or more)
 Up to Rs. 250000
 Nil
 Rs.250001-Rs.500000
 10% of (total income  minus Rs. 250000)
 Rs.500001-Rs.800000
 Rs.25000+20% of (total   income minus Rs.500000)
 Above Rs.800000
 Rs.85000+30% of (total   income minus Rs.800000)
For Resident Super Senior citizens (who is 80 yrs or more)
 Up to Rs. 500000
 Nil
 Rs.500001-Rs.800000
 20% of (total income  minus Rs. 500000)
 Above Rs.800000
 Rs.60000+30% of (total income minus Rs.800000) 
For any other individual, every HUF/AOP/BOI
 Up to Rs. 180000
 Nil
 Rs.180001-Rs.500000
 10% of (total income  minus Rs. 180000)
 Rs.500001-Rs.800000
 Rs.32000+20% of (total income minus Rs.500000)  
 Above Rs.800000
 Rs.92000+30% of (total   income minus Rs.800000)

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