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Understanding how to check Tax Deducted at Source (TDS) deductions is crucial, as it ensures compliance with tax regulations and enables individuals to stay informed about their financial transactions.
Whether you are an employee, a freelancer, or have financial dealings with banks, this article will educate you all about the process of checking TDS deductions.
By following these steps, you can access your TDS information and verify the deducted amounts, making tax filing a not to be faulted practice.
Deadlines for Tax Filing
Before delving into the details of checking TDS deductions, it is essential to be aware of the deadlines for income tax filing.
For the Assessment Year 2023-24, the initial deadline for ITR filing is 31st July 2023, provided your case is not subject to audit.
In case you miss the initial deadline, you can still file your ITR by 31st December 2023; however, a late fee of Rs 5,000 will be applicable.
Checking TDS Deductions
To check your TDS deductions, follow these step-by-step instructions.
- Open your preferred web browser and search for the e-filing portal.
- Visit the official website and proceed to log in using your PAN card number and password. If you have forgotten your password, you can reset it using the available options.
- Once logged in, navigate to the section menu labelled "e-File." Within this menu, locate the "Income tax Returns" tab and click on it.
- In the sub-menu, find and select the option "View form 26AS" and click on "Confirm."
- Proceed to tick the required terms and conditions, then click on the "Proceed" button.
- Choose the appropriate assessment year and select "HTML" as the view option.
- After submitting the necessary details, you will be able to access your 26AS data.
Within this section, you will find comprehensive information about the TDS deductions made, including the dates of deduction and the entities responsible for the deduction.
You can review the details to ensure accuracy and completeness.
