Services

TDS Services

Seamless Tax Deducted at Source management. We handle TDS computation, compliance, and filing, ensuring your business stays on the right side of the law.

₹PAYMENTTDS₹PAYOUT24QSalary26QNon-SalaryForm 16Certificate27QNon-Resident

What's Included

TAN Application
Filing of Form 24Q, 26Q
Advance Tax & Challan Management
Form 16/16A Generation
TDS Default & Demand Resolution

The Cost of Non-Compliance

TDS defaults can lead to expensive interest charges (up to 1.5% per month) and disallowance of expenses by the Income Tax Department. Our systematic TDS management ensures timely challan payments and quarterly return filings without errors.

We provide automated form 16/16A generation and resolve any prior TDS defaults.

Who Is This For?

  • Businesses making regular payments to vendors
  • Companies with payroll
  • Rent-paying commercial tenants
  • Professionals making sub-contractor payments

Get Started Today

Book a free consultation. We'll review your current TDS obligations and set up a system to avoid defaults.

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TDS Services — Frequently Asked Questions

TDS (Tax Deducted at Source) is a mechanism where the payer deducts tax at specified rates before making certain payments — such as salary, rent, contractor fees, professional charges, and interest. Any business or individual whose accounts are audited, or who pays rent above ₹2.4 lakh/year, must deduct TDS. Byalance determines your exact TDS obligations and sets up a compliance system from day one.

If you fail to deduct TDS, you are liable for interest at 1% per month from the date TDS was due to be deducted. If TDS is deducted but not deposited to the government, interest is 1.5% per month. Additionally, the expense on which TDS was not deducted may be disallowed by the Income Tax Department under Section 40(a)(ia), increasing your tax liability significantly.

TDS deducted in any month (except March) must be deposited to the government by the 7th of the following month. For March deductions, the due date is 30th April. TDS returns (Form 24Q for salary, 26Q for non-salary) are filed quarterly — due on 31st July, 31st October, 31st January, and 31st May respectively. Byalance manages all challan payments and quarterly filings.

Form 16 is the TDS certificate issued by an employer to an employee for TDS deducted on salary — it contains salary details and tax computation. Form 16A is the TDS certificate for non-salary payments (contractor fees, rent, professional charges, etc.). Both must be issued within specified deadlines after the end of the financial year. Byalance generates both forms and ensures they are issued to payees on time.

TAN (Tax Deduction and Collection Account Number) is a 10-digit alphanumeric number mandatory for every entity required to deduct TDS. Without TAN, you cannot file TDS returns or deposit TDS challans. Applications are made through the NSDL portal using Form 49B. Byalance handles the entire TAN application process and typically secures your TAN within 7–10 working days.

Yes. Byalance specialises in resolving prior TDS defaults — including unpaid interest, late filing fees under Section 234E, and demand notices from TRACES. We file correction statements, compute outstanding interest, assist with voluntary payment, and help respond to intimations from the Assessing Officer. Early resolution prevents the default from escalating into prosecution proceedings.

Section 194N requires banks and co-operative societies to deduct TDS at 2% on cash withdrawals exceeding ₹1 crore in a financial year (or 2% on amounts above ₹20 lakh if ITR has not been filed for 3 years). This applies to all account holders — individuals, businesses, and firms. Byalance advises on managing cash withdrawal patterns and ensures your ITR filing history is up to date to avoid the higher TDS rate.