HOW TO FILL TDS CHALLAN ITNS 281

I have tried to explain "how to fill challan 281" in the picture given below.The main Point which should be kept in mind ,while filling the challan form,are given below.
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1. Deposit tax deducted from company and non company deductee in separate Challan. Suppose u have deducted tax from abc ltd and ram & com (partnership firm) u/s 194c than separate challan should be deposited .For company deductee select code 0020 and for non company deductee.To segregate company and non company deductee ,use pan forth letter,if forth letter is "C" then it means company deductee in other cases non company deductee.
   
2. Do not deposit tax deducted under different clauses/sections of income tax in single challan .Fill separate challan .like you should not deposit tax deducted u/s 194j with section 194c.
3. Do not deposit tax deducted in two different quarter in single challan ,as if you deposit the tds for two quarter in single challan ,than you will face problem while filling quarterly returns for tds.
4. fill correct Tan of Assessee.If you have doubt regarding correctness of Tan then u can check it through net. Know your tan.
5. If you are going to deposit to deposit tax on demand raised by the deptt then fill code 400 and rest of the cases fill code 200.
6. Fill correct section code .Section code are given hereunder for ur reference.

Section

Nature of Payment

Code

192

Payment to Govt. Employees other than Union Government Employees

9

2

A

192

Payment of Employees other than Govt. Employees

9

2

B

193

Interest on securities

1

9

3

194

Dividend

1

9

4

194A

Interest other than interest on securities

9

4

A

194B

Winnings from lotteries and crossword puzzles

9

4

B

194BB

Winnings from horse race

4

B

B

194C

Payment of contractors and sub-contractors

9

4

C

194D

Insurance Commission

9

4

D

194E

Payments to non-resident Sportsmen/Sport Associations

9

4

E

194EE

Payments in respect of Deposits under National Savings Schemes

4

E

E

194F

Payments on account of Re-purchase of Units by Mutual Funds or UTI

9

4

F

194G

Commission, prize etc., on sale of Lottery tickets

9

4

G

194H

Commission or Brokerage

9

4

H

194I

Rent

9

4

I

194J

Fees for Professional or Technical Services

9

4

J

194K

Income payable to a resident assessee in respect of Units of a specified Mutual Fund or of the Units of the UTI

9

4

K

Mutual Fund or of the Units of the UTI

194LA

Payment of Compensation on acquisition of certain immovable property

9

4

L

195

Other sums payable to a non-resident

1

9

5

196A

Income in respect of units of Non-Residents

9

6

A

196B

Payments in respect of Units to an Offshore Fund

9

6

B

196C

Income from foreign Currency Bonds or shares of Indian Company

9

6

C

payable to Non-Resident

196D

Income of foreign institutional investors from securities

9

6

D

206C

Collection at source from Alcoholic Liquor for Human Consumption

6

C

A

206C

Collection at source from Timber obtained under Forest lease

6

C

B

206C

Collection at source from Timber obtained by any Mode other than a Forest Lease

6

C

C

206C

Collection at source from any other Forest Produce (not being Tendu Leaves)

6

C

D

206C

Collection at source from Scrap

6

C

E

206C

Collection at source from contractors or licensee or lease relating to Parking lots

6

C

F

206C

Collection at source from contractors or licensee or lease relating to toll plaza

6

C

G

206C

Collection at source from contractors or licensee or lease relating to mine or quarry

6

C

H

206C

Collection at source from tendu leaves

6

C

I

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