Form 26Q: TDS on other than Salary

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Hiral Vakil

TDS
TDS Returns & Forms
Last updated on February 7th, 2023

As per the Income Tax Act, every person making payments other than a salary to a resident person is liable to deduct TDS on certain occasions. The person who has deducted TDS on such payment is liable to report all those transactions in Form 26Q.

What is Form 26Q?

Form 26Q is a TDS Return/ Statement containing details of TDS deducted on payments other than salary. It is required to be submitted on a quarterly basis on or before the due date. Details of payments made and TDS deducted on such payments by the deductor are covered under this form.

What are the payments covered under Form 26Q?

Every deductor who makes payments of certain nature is required to deduct TDS from the payment amount. Following are the nature of payments covered in this form.

Details required to file Form 26Q

Following are the details required to file in this form:

EntityDetails
DeductorTAN, PAN, Name, Address, and Contact details
Responsible PersonName, PAN, Address, and Contact Details
ChallanChallan serial number, BSR Code, TDS, Surcharge, and Education Cess paid
DeductionDeductee/ Employee Name, PAN, Amount credited/paid, TDS amount deducted and deposited

What is the due date to file this Form?

The due date for Payment of TDS deducted other than Salary for every month is the 7th of the next month. For the month of March, it is the 30th of April.

The due date for filing Form 26Q for every quarter is as follows:

Quarter Period Due date 
Q1 1st April – 30th June On or before 31st July
Q2 1st July – 30th September On or before 31st October
Q3 1st October – 31st December On or before 31st January
Q4 1st January – 31st March On or before 31st May

TDS Certificate

The deductor should provide the certificate of tax deducted in Form 16A within 15 days from the date of filing the return. The deductor can download the form from the TRACES website.

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FAQs

What is the difference between Form 24Q and 26Q?

Form 24Q should be filled for tax deducted on salary payments. While form 26Q should be filled for tax deducted on domestic payments other than salary.

What is the late fee for filing Form 26Q?

The late fee for filing this form after the due date is INR 200/day till the failure continues. The late fee amount will not exceed the amount of TDS deducted.

Can I revise Form 26Q?

Yes, If you have made any mistake or any information is omitted while filing the return you can file a correction return for the same either online or offline.

Got Questions? Ask Away!

  1. Hey @HarshitShah

    Yes, in case you have not deposited TDS by the due date, the following penalties might be applicable:

    • Interest (if you do not deposit the TDS amount in time)

    • Late filing fee (if you do not file by the deadline)

    • Penalty (if TDS is not filed within one year of the due date)

    Hope this helps!

  2. Hey @HarishMehta

    Form 24, 27 and 27E are forms to file TDS/TCS returns:

    • Form 24 is to file TDS return detailing Salary Payments

    • Form 27 is to file TDS return detailing Foreign or NRI payment other than salary

    • Form 27E is to file TCS returns

    Hope this helps!

  3. Hi @KrishnaAgarwal

  4. Hey @taxpayer, you can file your Income-tax return can claim the tax refund for any excess tax credits available to you.
    If your total taxable income is below the basic exemption limit then you won’t have any tax payable.
    You can check the total tax credits available to you in your Form 26AS

  5. Hello @abhaykk90,

    As per section 194IB of the income tax act, if you’re liable to deduct TDS on rent paid, the rate applicable will be 5%.

    Hope this helps!

  6. Hi @t_bovee,

    Here are answers to your various questions

    1. TDS has to be deducted every month at 5%.
    2. Deducted TDS has to be deposited within 30 days from the end of the month in which TDS is deducted.
    3. Penalty of 1.5% per month or part thereof will be levied in case of a late deposit of TDS.

    However, you can file TDS return 26QC within 30 days from the end of the financial year.

    Here’s a read on What is Form 26QC? Who needs to file form 26QC? - Learn by Quicko for your reference. Hope this helps.

  7. Hi @t_bovee

    It would not be possible for us to tell you the mismatch of amounts, without seeing the documents.
    However, for expert assistance with your taxes, here’s how you can Book a MEET.

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