Sage-Tips

How long does it take to reflect TDS in 26AS?

Tax deducted at sources gets reflected in Form 26AS after the deductee files TDS return and the same is processed by the CPC. Usually it takes around 7 days for CPC to process the TDS return filed.

What if Form 26AS is wrong?

Rectification of error in Form 26AS depends on the cause of the error. For instance, if the deductor (employer or bank) has made a mistake while depositing your tax against your PAN with the government, then in such a case, you need to contact your deductor to rectify the mistake.

How can I see Form 26AS in traces?

View Tax Credit Statement (Form 26AS)

1. Go to the ‘My Account’ menu, click ‘View Form 26AS (Tax Credit)’ link.
2. Read the disclaimer, click ‘Confirm’ and the user will be redirected to TDS-CPC Portal.
3. In the TDS-CPC Portal, Agree the acceptance of usage.
4. Click ‘View Tax Credit (Form 26AS)’

How do I know if my employer has deposited my tax?

How to check if TDS deducted by your Employer is deposited against your PAN?

1. Kindly login to IT e-Filing portal with your credentials.
2. Click on ‘View Form 26AS (Tax Credit)’ link.
3. You will then be re-directed to TRACES website. (
4. Click on ‘View Tax Credit (Form 26AS)’ option.

Is there any penalty for late payment of TDS?

As per section 234E, where a person fails to file the TDS/TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS/TCS.

Can I see TDs on my form 26as?

If TDS has been deducted from your salary and deposited to the Government by your employer then you must be able to see it on your Form 26AS. You can access Form 26AS online from the government’s website.

How to know if your employer is depositing the deducted TDs?

How to find out if your employer is depositing the deducted Claim TDS or not: If TDS has been deducted from your salary and deposited to the Government by your employer then you must be able to see it on your Form 26AS. You can access Form 26AS online from the government’s website.

Can employer decline to issue Form 16 when there is no TDs?

Yes. The claim can be made in your return. Department however will raise a demand which will not be enforced on you but on your employer. Can Employer Decline To Issue Form 16 When there is no deduction of TDS on Salary? Confusion arises among employees regarding Form 16 is on following grounds : That they think Form 16 is a salary certificate.

What happens if TDS certificate is not issued?

The certificate details should be filled in return of income, since no credit for TDS can be given without it. In case your employer fails to issue the TDS certificate, he shall be liable to a penalty of Rs. 100/- for each day of default u/s 272A (2)g ).