TDS Filing Services for Businesses and Employers
Deduction at the right rate, challans deposited on time, quarterly statements filed and certificates issued.
The Obligation Starts Long Before the Return
TDS is one of the few compliance areas where the mistake and the consequence are separated by months. Tax deducted at the wrong rate in April is not discovered until the quarterly statement is prepared, by which point the payment has gone out and the deductee has been told a figure that is wrong.
The consequences fall on the deductor rather than the recipient. Failure to deduct or deposit can lead to disallowance of the related expenditure in your own assessment, along with interest and a daily late fee for delayed statements. Errors in the statement mean your deductees do not see their credit, which quickly becomes your problem.
MPVD & Associates manages the whole TDS obligation – what to deduct, when to deposit, what to file and what to issue – for businesses and employers across India.
What TDS Compliance Involves
The obligation has four stages, and each has its own deadline.
- Deduction – at the rate applicable to the nature of the payment and the status of the recipient, applied at the earlier of credit or payment. Payments to non-residents follow a different set of provisions entirely.
- Deposit – tax deducted must be paid to the government within the prescribed time. Interest runs from the date of deduction where deposit is late.
- Quarterly statements – filed on the forms applicable to the payment type, including salary, non-salary payments to residents, payments to non-residents and tax collected at source.
- Certificates – Form 16 issued annually to employees and Form 16A quarterly for other deductions, downloaded from the department’s deductor portal.
Rates and thresholds differ by section and change from time to time. Getting the section right matters as much as the rate, since the threshold above which deduction applies, and the treatment where the recipient has not furnished a PAN, both vary by section.
Our TDS Filing Services
Deduction Advice
The correct section, rate and threshold confirmed for each type of payment you make, before the payment goes out rather than afterwards.
Challan Preparation
Monthly computation of tax deducted and preparation of challans, deposited within the due date so interest does not start running.
Quarterly Statement Filing
Statements prepared and filed on the correct form for each payment category, with deductee details validated before submission.
Form 16 and 16A
Certificates downloaded and issued to employees and vendors within the timelines, so recipients can claim credit in their own returns.
Correction Statements
Errors in PAN, challan details or amounts corrected so credit reaches the right deductee. See our TDS return filing online services.
Lower Deduction Certificates
Support for vendors and recipients seeking certificates authorising deduction at a lower rate, and correct application of those certificates.
How We Manage TDS for You
Step 1 – Mapping Your Payments
We identify every payment category attracting TDS – salaries, rent, contractors, professional fees, commission, interest and any payments abroad – and confirm the section and rate for each.
Step 2 – Monthly Deduction and Deposit
Deductions are computed on the month’s payments, challans prepared and tax deposited within the due date. Where a recipient has provided a lower deduction certificate, it is applied correctly.
Step 3 – Quarterly Statement Preparation
Deductee details, PANs and challan particulars are validated before the statement is prepared, since PAN errors are the leading cause of credit not reaching the right person.
Step 4 – Filing and Certificate Issue
Statements are filed within the due date, and Form 16 and Form 16A certificates are downloaded and issued to your employees and vendors.
Step 5 – Defaults and Corrections
We review the default and justification reports after each filing, correct what needs correcting and address any short deduction or short payment before it escalates.
Consequences of Getting TDS Wrong
- Disallowance of expenditure – where tax is not deducted or not deposited as required, the related expenditure can be disallowed in your own assessment, which is usually the largest cost by far.
- Interest – charged separately for failure to deduct and for late deposit, running from the relevant date.
- Late filing fee – a daily fee applies under section 234E for delayed statements, which cannot exceed the amount of tax deducted.
- Penalty – may be levied under section 271H for failure to file or for filing incorrect particulars, subject to the conditions in that section.
- Deductee complaints – if credit does not appear in the recipient’s statement, they cannot claim it, and correcting it falls to you.
Almost all of this is avoidable with a monthly routine. Where TDS compliance forms part of our accounting and taxation services, deduction is checked as payments are recorded rather than reconstructed quarterly.
Why Choose MPVD & Associates
TDS is unglamorous and consequential. It rewards routine and punishes improvisation, so we treat it as a monthly discipline rather than a quarterly scramble.
- Section confirmed before payment. Advice at the point of payment, when it can still change the outcome.
- PANs validated before filing. The single most common cause of credit failing to reach the deductee.
- Default reports actually read. Short deduction and short payment notices addressed promptly rather than accumulating.
- Certificates issued on time. Employees and vendors get what they need without chasing you for it.
- Fixed fees. Priced by deductee volume and number of statements, agreed in advance.
Frequently Asked Questions
Our experienced company audit and taxation professionals help you navigate complex tax laws and regulatory requirements. Contact us today to schedule a consultation.
Get Your TDS Compliance Under Control
Tell us what payments you make and how many deductees you have. We will confirm which statements apply, review your current position and quote a fixed fee to manage it.