HOW TO FILL TDS CHALLAN (ITNS 281)?

HOW TO FILL TDS CHALLAN (ITNS 281)?
TICK ONE OF THE BOX, FOR COMPANY DEDUCTEE SELECT
0020 AND FOR OTHER DEDUCTEE SELECT 0021(see note 1)
FILL ASSESSMENT
YEAR.
FILL YOUR 10
DIGIT TAN
NUMBER (see
note 2)
FILL ADDRESS OF
TAN HOLDER
FILL NAME
OF TAN
HOLDER
FILL SECTION
CODE FROM
THE LIST
GIVEN.(see
Nnote 3)
FILL UP THE
BIFURCATION
OF INCOME
TAX ,INTEREST
,PENALTY
ETC.(see note4)
TICK
PROPER LY
THE
NATURE OF
PAYMENT
Either of
them as
Applicable
NOTE:
1) GENERAL MISTAKE FOUND WHILE FILLING THE CHALLAN IS THAT DEDUCTEE CODE IS SELECTED
WRONG i.e. DEDUCTOR’S CODE IS TICKED INSTEAD OF DEDUCTEE’S AND USE SEPARATE
CHALLANS FOR COMPANY DEDUCTEE AND NON COMAPANY DEDUCTEE TO AVOID ANY
MISTAKES (IT IS RECOMMENDED THAT MAINTAIN SEPARATE ACCOUNT HEAD AND PASS
ENTRIES FOR COMPANY AND NON COMPANY DEDUCTEES FOR EXAMPLE:
a) TDS on Professional fees COMPANIES
b) TDS on Professional fees NON-COMPANIES
c) TDS on contract COMPANIES
d) TDS on contract NON - COMPANIES
Continuing the same process for all codes applicable)
2) PLEASE NOTE THAT QUOTING WRONG TAN MAY ATTRACT PENALTY OF Rs. 10,000/3) USE SEPARATE CHALLAN FOR EACH NATURE (TYPE) OF PAYMENT GIVEN BELOW
4) GENERAL PRACTICE IS FOUND THAT FULL AMOUNT IS WRITTEN IN INCOME TAX COLUMN IT IS
HIGHLY RECOMMENDED TO BIFURCATE THE AMOUNTS IN DIFFERENT HEADS SUCH AS INCOME
TAX, INTEREST, PENALTIES, OTHERS ETC.
SECTION CODE LIST
SECTION
192
193
194
194A
194B
194BB
194C
194D
194E
194EE
194F
194G
194H
194I
194J
194K
194LA
195
196A
196B
196C
196D
206CA
NATURE OF PAYMENT
Salary
Interest on Securities
Dividends
Interest other than 'Interest on securities'
Winning from lottery or crossword puzzle
Winning from horse race
Payments to contractors and sub-contractors
Insurance commission
Payments to non-resident sportsmen or sports associations
Payments in respect of deposits under National Savings Scheme
Payments on account of repurchase of units by Mutual Fund or
Unit Trust of India
Commission, price, etc., on the sale of lottery tickets
Commission or brokerage
Rent
Fees for professional or technical services
Income payable to a resident assessee in respect of units of a
specified mutual fund or of the units of the Unit Trust of India
Payment of compensation on acquisition of certain immovable
property
Other sums payable to a non-residents
Income in respect of units of non-residents
Payments in respect of units to an offshore fund
Income from foreign currency bonds or shares of indian company
payable to non-residents
Income of foreign institutional investors from securities
CODE
92A
193
194
94A
94B
4BB
94C
94D
94E
4EE
94F
94G
94H
94I
94J
94K
94L
195
96A
96B
96C
96D
6CA
Collection at source from alcoholic liquor for human consumption
206CB
206CC
206CD
206CE
206CF
206CG
206CH
206CI
6CB
Collection at source from timber obtained under forest lease
Collection at source from timber obtained by any mode other
than a forest lease
Collection at source from any other forest produce (not being
tendu leaves)
Collection at source from any scrap
Collection at source from contractors or licensee or lease relating
to parking lots
Collection at source from contractors or licensee or lease relating
to toll plaza
Collection at source from contractors or licensee or lease relating
to mine or quarry
Collection at source from tendu Leaves
6CC
6CD
6CE
6CF
6CG
6CH
6CI