How To Get a TDS Certificate Online?

As a citizen of India, you must pay taxes regularly. One such tax type is Tax Deducted at Source (TDS). TDS is the tax deducted from interest, rent, commission, salary, etc. The person who makes such payments (deductor) deducts on your behalf and deposits with the Government. The rate at which tax is deducted at source depends on the type of income and amount of income. An essential component for proof of deduction of Tax is the TDS certificate issued by the deductor. Continue reading to understand how to get your TDS certificate online.

Since the deductor (the person deducting tax) is mandated to provide TDS certificates to the deductee (the person from whose payment the tax is deducted), you must know who your deductor is. The following list will provide you with a few instances regarding when tax can be deducted at source and by whom:

• You are earning any interest income from Bank deposits. In that case, the Bank shall deduct tax at source from the interest income, provided it exceeds the limit of ₹40,000 (₹ 50,000 for senior citizens).
• If you are a resident earning rental income from immovable property of more than ₹50,000 per month from an individual or HUF member, then a TDS of 5% shall be deducted from the rental income.
• Your employer will deduct tax at source from your salary income according to the income tax slab rates.
• You do not have to pay any tax if you provide investment proof to your employer and show that your total income is below the taxable threshold, that is, ₹2,50,000. On the same grounds, you can submit Form 15G and 15H to your Bank for TDS exemption on the interest income from bank deposits.

TDS certificates are issued by the deductor to the deductee. TDS certificates can be of two types: Form 16 (for TDS on Salary) and Form 16A (for TDS on non-Salary payments).

As per Section 203 of the Income Tax Act, 1961, you are entitled to receive a certificate whenever a tax is deducted from your income source. This certificate must be provided to you by the deductor and must display the amount of TDS.

Please find below the process for availing of a TDS certificate for salaried and non-salaried classes:

• Salaried class: If you are a salaried employee, your employer must provide you with Form 16. This form must have mentioned the amount deducted from your salary as TDS. Further, Form 16 contains details like total TDS, details of the salary income including perquisites, deductions from total income (if any), and tax computation. Your employer has to issue this form before 15th June of the following financial year.

• Non-salaried class: The deductor, whoever they may be, has to provide you with Form 16A. This form also contains details like the amount of TDS, payment made by such deductor, etc. Your deductor has to issue this form quarterly, within 15 days of the due date of furnishing the TDS return.
  

If you are wondering how to get Form 16/16A, then follow the steps given below:

• The deductor must log into the TDS Reconciliation Analysis and Correction Enabling System (TRACES) by clicking here.
• Here, they have to go to the 'Download' tab.
• Next, they can select the Form the deductor wishes to download (Form 16/16A).
• Next, one has to select the financial year, quarter and Form type (Form 26Q/27Q) and the PAN of the deductee for whom the Form is necessary. The deductor can request Form 16/16A using the option 'Search PAN' or 'Bulk PAN.' Once the details are selected, click on 'Go.'
• The details of the Authorised Person will appear on the screen. These details would be printed on Form 16/16A. Next, click on 'Submit'.
• Next, select 'Digital Signature Support KYC validation' if they want to use KYC validation using DSC or 'Normal KYC Validation (without Digital Signature)' if they want to use KYC validation without DSC.
• Next, enter the Token number of the TDS Return filed for the relevant quarter of the financial year and the Form type selected in the step above. Enter the challan details – BSR Code, challan serial number, challan amount, and the date on which tax is deposited. Enter unique PAN-Amount combination – Enter PAN as entered in TDS Return and amount deposited, and after that, click on 'Proceed.'
• Next, the 'Download Request Confirmation' page shall appear, giving a request number for the requested Form 16/16A.
• You can download a zip file from the section ‘requested Download’ under the tab ‘Download’ once it is available.
• To obtain the requested Form 16/16A, enter the ‘request number’ or ‘request date’ or ‘view all’ option. Select the applicable row. If the status is ‘Available‘, click ‘HTTP download’. After that, a zip file is downloaded. Do not extract the file. TRACES Generation Utility must be downloaded to generate Form 16A in PDF format.
• In TRACES Generation Utility, select the zip file of Form 16/16A and enter the TAN as the password for the input file. Then, select the folder to save the output pdf file. Select a digital certificate to sign the PDF files digitally. This is not mandatory. Next, click on the button ‘Proceed’ to save Form 16/16A.

That is it! In the above easy steps, your deductor can download the TDS certificate they must provide. Now that you know more about getting Form 16/16A online, ensure your deductor furnishes the same.

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Read more about Form 16 by clicking here.