Thursday, January 19, 2012

HOW TO FILL TDS CHALLAN ITNS 281


on Thursday, January 19, 2012

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.
Download above image for how to fill form 281
  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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