Every business that deducts tax at source has to deposit it on time and file a quarterly TDS return. QTS files TDS and TCS returns for companies, firms, shops, hospitals, schools and landlords across Chennai, and issues the certificates your employees, vendors and landlords need.
The Income-tax Act, 2025 replaced the 1961 Act from 1 April 2026. The 'assessment year' is gone, and returns now refer to the tax year. TDS forms have new numbers too:
| What it is | New form | Earlier form |
|---|---|---|
| Quarterly TDS return – salaries | Form 138 | Form 24Q |
| Quarterly TDS return – other payments to residents | Form 140 | Form 26Q |
| Quarterly TDS return – payments to non-residents | Form 144 | Form 27Q |
| Quarterly TCS return | Form 143 | Form 27EQ |
| Salary TDS certificate | Form 130 | Form 16 |
| Non-salary TDS certificate | Form 131 | Form 16A |
The way TDS works has not changed much. What matters is filing the right form for each quarter, with PAN and challan details that match.
| Quarter | Months | Return due by |
|---|---|---|
| Q1 | April – June | 31 July |
| Q2 | July – September | 31 October |
| Q3 | October – December | 31 January |
| Q4 | January – March | 31 May |
TDS deducted in a month is normally deposited by the 7th of the next month. Tax deducted in March can be deposited until 30 April.
Filing late costs ₹200 for every day of delay, and interest runs at 1% a month for late deduction and 1.5% a month for late deposit. Wrong or missing details can also lead to penalties and notices for your payees.
Employers paying salaries above the basic exemption limit, and businesses paying rent, contractors, professional or technical fees, commission or interest above the TDS limits. Individuals buying property or paying high rent may also have to deduct TDS on those payments.
Documents we need: your TAN, the PAN of each payee, payment details for the quarter and the challans you have paid.
Established in 2017, with offices in Chennai, Coimbatore, Madurai and Ambur. Winner of the Tamil Nadu Business Iconic Awards 2024 and the Tamil Nadu Startup Awards 2024.
Yes. Anyone who has to deduct TDS needs a TAN, and it must be quoted on every TDS payment and return. Individuals deducting TDS only on a property purchase or on rent can use their PAN instead. We apply for the TAN for you.
Yes. A correction statement can be filed on TRACES. We fix PAN errors, challan mismatches and short-deduction defaults so your payees get the credit in their tax statement.
Employers issue Form 130 to employees by 15 June after the end of the tax year, once the fourth-quarter salary TDS return is filed.
Yes. TDS work is fully online, so we file for clients across Tamil Nadu from our Chennai, Coimbatore, Madurai and Ambur offices.
Salary processing, payslips, TDS on salary, PF and ESI.
ITR for salaried people, professionals, landlords and businesses.
Monthly books, bank and GST reconciliation, year-end accounts.
New GST number, monthly or quarterly returns, annual return and notice replies.
Call or WhatsApp us for a clear quote.