Annual TDS return as per Section 206 of Income-tax Act, 1961

Form No.24
Form No.26
Form No.27
Form No.27A

Form No.24

Any person responsible for paying any income chargable under the head salaries shall, at the time of payments, deduct income-tax on the amount payable at the average rate of income-tax for the financial year.Annual return for Salary TDS  is Form No.24 Deductor other than Government & corporate may file TDS return in electronic or physical form & for corporate/Govt. deductor it is mandatory to file TDS return in electronic form.

Deductors furnishing e-TDS/ e-TCS returns are required to furnish a control chart - Form 27A/ 27B in physical form along with the e-TDS/e-TCS return furnished in CD/floppy. Form 27A is a summary of TDS return (Form 24, 26 or 27), which contains control totals of 'Amount Paid' and 'Income tax deducted at source'.

Form No.26

Any person resposible for deducting tax at source under the provision of the following sections:

193 Interest on Securities
194 Dividend, other than dividend from domestic companise
194A Interest other than interest on securities
194B Winnings from Lottery or crossword puzzels
194BB Winnings frim Horse race
194C Payment to contractors or sub-contractors
194D Insurane Commission
194EE payments in respect of deposits under National Savings Scheme etc
194F payments on accounts of repurchase of units by mutual funds or Unit Trust of India
194G Commission etc on the sale of lottery tickets
194H Commission or Brokrage
194I Rent
194J Fees for professional or technical services
194K Income in respect of units

Form 27

This form is relevant for persons making payments to

  1. a Non-Corporate non-resident or ;
  2. a company which is neither an Indian company nor a company which has made the prescribed arrangements for the declarations and payments of dividends within India

Any person resposible for deducting tax at source under the provision of the sections mentioned above in Form 26

Form 27A

Form No. 27A to be filed in physical form with each return submitted through TIN-FC centre

Home Forms TDS Annual TDS return as per Section 206 of Income-tax Act, 1961

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