Tax Deducted at Source (TDS) is a vital component of India’s income tax compliance system. Employers and contractors across Kerala are legally required to deduct TDS from various types of payments and file quarterly TDS returns using specific forms—Form 24Q, 26Q, and 27Q. Filing these returns accurately and on time not only ensures legal compliance but also builds trust with employees, vendors, and regulatory bodies.
At OurTaxPartner.com, we provide professional TDS return filing services for Kerala-based businesses, including private companies, government contractors, educational institutions, hospitals, and NGOs. Our services cover all three major TDS forms and ensure 100% accuracy, timely submission, and complete compliance with the Income Tax Act.
What Are Forms 24Q, 26Q, and 27Q?
Form 24Q – For TDS on Salaries
This form is used to file TDS deducted on salary payments made to employees. Employers must submit Form 24Q quarterly under Section 192 of the Income Tax Act.
- Includes PAN, salary structure, and tax deductions of employees
- Requires detailed breakup of deductions under Chapter VI-A (e.g., 80C, 80D)
- Annexure II to be filed in Q4 with complete salary breakup for the year
Form 26Q – For TDS on Non-Salary Payments
This form is used for TDS on payments made to resident parties such as contractors, freelancers, professionals, rent, interest, and commission payments.
- Applicable under Sections 194C, 194J, 194I, and more
- Used by companies, firms, government entities, and individuals liable to deduct TDS
- Details of deductees and type of payment must be accurately reported
Form 27Q – For Payments to Non-Residents
Form 27Q is filed for TDS deducted on payments made to non-resident Indians (NRIs) and foreign entities. This includes payments such as royalty, interest, dividend, and technical fees.
- Filed under Section 195 and other relevant provisions
- Requires foreign address, passport details, and DTAA applicability if any
- Precise calculations and documentation are essential for cross-border compliance
Who Should File These TDS Returns?
The following entities based in Kerala are required to file one or more of these TDS forms:
- Private companies and LLPs
- Government departments and PSU contractors
- Educational institutions and healthcare providers
- Real estate developers and construction firms
- Charitable trusts, NGOs, and co-operative societies
- Startups and individual business owners employing staff or hiring contractors
Due Dates for TDS Return Filing
All TDS returns must be filed quarterly. The deadlines are as follows:
| Quarter | Period | Due Date |
|---|---|---|
| Q1 | April – June | 31st July |
| Q2 | July – September | 31st October |
| Q3 | October – December | 31st January |
| Q4 | January – March | 31st May |
Penalties for Late or Incorrect Filing
Failure to file TDS returns on time or filing them with incorrect information may lead to heavy penalties:
- Late Filing Fee (Sec 234E): ₹200 per day of delay
- Penalty (Sec 271H): ₹10,000 to ₹1,00,000 for incorrect returns
- Disallowance of Expenses: TDS not deducted/disallowed expenses under Income Tax
To avoid these consequences, hire expert TDS filing professionals from OurTaxPartner.com today.
Our End-to-End TDS Return Filing Services in Kerala
We offer specialized and affordable solutions for all TDS return forms, ensuring seamless compliance for employers and contractors. Our service includes:
- Monthly TDS calculation & deduction verification
- Challan preparation and payment tracking
- Quarterly e-filing of 24Q, 26Q, and 27Q returns
- TRACES reconciliation and Form 16/16A generation
- Support with correction statements and defaults
Why Choose OurTaxPartner.com?
- Experienced in handling TDS compliance for various industries in Kerala
- Affordable, transparent pricing with no hidden charges
- Prompt filing and regular compliance reminders
- Complete confidentiality and data security
- Dedicated customer support
Visit www.ourtaxpartner.com/filing-service/tds-compliance/ to get started with your TDS return filing today.
Conclusion
Forms 24Q, 26Q, and 27Q are not just compliance documents—they are critical financial reports that reflect your organization’s credibility and tax discipline. With strict deadlines and increasing scrutiny by the Income Tax Department, it’s important to have professionals handle these filings for you.
Whether you’re an employer, contractor, or consultant in Kerala, let OurTaxPartner.com take the hassle out of your TDS compliance. We’ll help you avoid penalties, ensure accuracy, and manage your obligations with ease.
