TDS Status: How Can a Pan Card Be Used To Check TDS Status? View the whole procedure here

 TDS Status: How Can a Pan Card Be Used To Check TDS Status? View the whole procedure here

As per the IT regulations, all revenue, including commissions, salaries, and other forms of income, is subject to taxation upon payment of a certain sum. On it, a portion of the tax is subtracted. The PAN card account is credited with the money that was withheld.

Many individuals have reservations regarding TDS since, in the modern world, an individual may have several sources of income. In such a scenario, his TDS may continue to deduct from multiple earnings without his knowledge. However, some individuals fail to submit returns, which results in their losing the TDS amount even if they are not subject to income tax.

Due to their enormous workloads and stress-averse mindsets, freelancers find things like income taxes and TDS to be particularly tough. Additionally, some of them do not want to engage on this issue. but have provided these folks with helpful information. Just be aware that your PAN card may be used to check whether your TDS has been deducted or not.

IT regulations provide that tax is applied to revenue received from commissions, salaries, and other sources when a certain sum is paid. Only a portion of the tax is subtracted individually on this. Your PAN card account receives a deposit of the amount that was debited.

Refunded is the amount deducted.

You must submit an ITR in order to get your TDS money returned if you are not subject to the income tax slab. Your whole record is linked to the PAN number you give in the ITR. The whole amount of TDS is reimbursed if you are not in the tax slab.

Use Your Pan Card To Check TDS Status

Under the Income Tax Act of 1961, income tax is collected from individuals and corporations via a system known as Tax Deducted at Source, or TDS. After subtracting the required percentage, all sums covered by the TDS provision must be paid. When doing tax audits, TDS, which is overseen by the Central Board of Direct Taxes (CBDT), is helpful.

What is return on TDS?

The Income Tax Department requires the quarterly TDS Return statement to be provided.

Information Found in TDS Returns

TDS returns include information on the Permanent Account Number (PAN) of the deductor(s), specifics of the tax paid to the government, facts about the TDS challan, and any other information specified in the forms that must be filed.

How Does a Pan Card TDS Status Check Work?

The procedures listed below must be followed in order to use the PAN card to verify the status of TDS:

Check out the tdscscredit.xhtml page at www.tdscpc.gov.in/app/tapn.

Enter the validation code.

Select "Proceed."

Put the TAN and PAN in.

Choose the fiscal year, the quarter, and the kind of return.

Click "Go."

The information will appear on the relevant screen.

How Do I Use Form 26As To Check TDS Credit?

To verify TDS credit using Form 26AS, the procedures listed below must be completed:

Go to https://www.incometaxindiaefiling.gov.in/home.

Register for a seat

If you are already registered, use your login information to log in.

Select "My Account."

Select "View Form 26AS."

Choose "Year" and "PDF format."

Obtain the file.

The password-protected file may be accessed using the PAN card's date of birth.

In addition to seeing their TDS online via the net banking system, individuals may also monitor their TDS status using PAN and Form 26AS. But in order to do so, the PAN and the online banking site need to be connected.