Form 26Q: TDS on other than Salary
What is Form 26Q?
Form 26Q is a TDS Return/ Statement containing details of TDS deducted on payments other than salary. Form 26Q is required to be submitted on quarterly basis on or before the due date. Details of payments made and TDS deducted on such payments by the deductor are covered under Form 26Q.
What are the payments covered under Form 26Q?
Every deductor who makes payment of certain nature is required to deduct TDS from payment amount. Following are the nature of payments covered in Form 26Q.
- Payment to Contractors
- Payment of Insurance Commission
- Commission or Brokerage
- Rent on Property
- Payment of Professional/ Technical Services
- Interest on Securities
- Deemed Dividend
- Interest other than on securities by bank
- Interest other than on securities by others
- Winning from Lotteries/ Puzzle/ Game
- Winning from Horse Race
- Remuneration/ Commission to director of the company
Details required to file Form 26Q
Following are the details required to file Form 26Q:
|Deductor/ Employer||TAN, PAN, Name, Address and Contact Details|
|Responsible Person||Name, PAN, Address and contact Details|
|Challan||Challan serial number, BSR Code, TDS, Surcharge and Education Cess paid|
|Deduction||Deductee/ Employee Name, PAN, Amount credited/paid, TDS amount deducted and deposited|
What is the due date to file Form 26Q?
Due date for Payment of TDS deducted on other than Salary for every month is 7th of the next month. For the month of March, it is 30th April.
Due date for filing of Form 26Q for every quarter is as follows:
|Quarter||Period||Due date for filing Form 26Q|
|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|