Banks Salary Slip Format

							TAX INFORMATION NETWORK (TIN)




  National Securities Depository Limited
               TIN - For a better tomorrow
               TDS / TCS Payment

• April 1, 2008 onwards online tax payment
  mandatory by
  – corporates
  – entities to whom provisions of section 44AB are
    applicable
• Online challan at NSDL website (www.tin-nsdl.com)
  – Enter TAN and non-financial information at NSDL
  – Online payment at bank
  – Online challan counterfoil generated by bank on
    successful tax payment
• Eliminates digitisation errors by banks

                     TIN - For a better tomorrow
HOME PAGE-TIN WEBSITE




     TIN - For a better tomorrow
E-payment of direct tax




       TIN - For a better tomorrow
TIN - For a better tomorrow
TIN - For a better tomorrow
TIN - For a better tomorrow
TIN - For a better tomorrow
TDS / TCS payment – Points to remember

• Quote correct TAN, name & address on each challan
• Use same TAN consistently for all types of payment
• Use separate challans
   – to deposit tax deducted under each section
   – to deposit tax deducted for different types of
     deductees
• Indicate correct nature of payment
• Mention the correct A.Y.
• Verify CIN details uploaded by the banks to TIN
• Insist on computerised challan counterfoil from bank



                   TIN - For a better tomorrow
                       Status of challan
•   Online challan status track
•   SMS based
     – Send SMS to 575758
     – SMS to contain
         • the word CSI followed by space and CIN (BSR code, tender date, challan
           serial no.)
         • amount is optional
         • CIN and amount should be comma separated
     – Eg. CSI 0510001,11032009,5,5000
     – Status will display
         • TAN / PAN
         • Whether amount matched or not
         • Received in TIN (date)

     – SMS charges may vary from one service provider to another


                                TIN - For a better tomorrow
OLTAS-Challan Status Enquiry




          TIN - For a better tomorrow
OLTAS-Challan Status Enquiry




          TIN - For a better tomorrow
Challan Status Enquiry




      TIN - For a better tomorrow
Challan Status Enquiry




      TIN - For a better tomorrow
Challan Status Enquiry




      TIN - For a better tomorrow
      Preparation of e-TDS return
         – Points to remember
• Prepare return
   – as per the file format specified by ITD
• Using
   – NSDL RPU (latest version on the TIN website)
   – third party software
   – in house
• Use the same TAN to deposit tax and TDS / TCS return
• Quote the correct TAN, name & address of deductor
• Obtain & quote correct PAN of all the deductees
   – In 24Q, 95% mandatory deductee PAN
   – In 26Q & 27EQ, 85%mandatory deductee PAN
• Return can be filed only for deductee records having valid
  PAN
• Provide Salary details (Annexure 2) only for Quarter 4
  (Form 24Q)

                      TIN - For a better tomorrow
          Preparation of e-TDS
          – Points to remember
• Mention the correct CIN as provided by the
  bank
• Challan amount should be same as that
  deposited in the bank
• Do not mention the challan form no. (i.e.
  ITNS 281) as challan serial no. in the
  statement
• Validate the statement through File Validation
  Utility (latest version on the TIN website)


                  TIN - For a better tomorrow
  Submission of e-TDS Statement

• Submit TDS / TCS statement
  – to TIN-FC
     • .fvu file in CD / floppy
     • Physical Form 27A
  – Direct upload to NSDL
     • Register online at NSDL website
     • DSC based authentication
     • CD/ floppy and physical Form 27A not required
     • Online view of status of return




                   TIN - For a better tomorrow
   e-TDS/TCS Statements - Charges

        No. of records                                 Upload fee (Rs.)*
Upto 100                                                      30
101 to 1000                                                  182

More than 1000                                               606

*Inclusive of taxes
No charge for statement not accepted.




                         TIN - For a better tomorrow
   e-TDS/TCS Statements – Key points


• Save .fvu file of all TDS/TCS statements filed
• Preserve all Provisional Receipts (PRN)
• File correction return to make changes in the
  TDS /TCS return filed
• Correction return can be filed only if ‘original’
  return is accepted in TIN
• Check status of return prior to filing correction
  return



                   TIN - For a better tomorrow
         Feedback to Deductors

• Online views
• Non filer letters
• Inconsistency letters




                  TIN - For a better tomorrow
           Online Views


• Challan Status Enquiry
• Quarterly Statement Status
• Refund Status
• Annual Tax Statement (Form 26AS)



             TIN - For a better tomorrow
       Quarterly Statement status
•   Status displayed on the basis of TAN &
    Provisional Receipt number.
•   Following details can be viewed:
    – Whether statement has been uploaded to TIN
      central system by TIN-FC
    – Status of statement at TIN (accepted / rejected)
    – Status of challan (booked / unmatched)
    – Number of deductees whose PAN accounts have
      been booked.
    – Line no. of deductees in statements whose PAN
      accounts could not be booked.
    – Confirm whether a specific PAN account has been
      booked.

                    TIN - For a better tomorrow
Quarterly Statement Status




        TIN - For a better tomorrow
Quarterly Statement Status




        TIN - For a better tomorrow
Quarterly Statement Status




        TIN - For a better tomorrow
Quarterly Statement Status




        TIN - For a better tomorrow
Quarterly Statement Status




        TIN - For a better tomorrow
Refund Status




  TIN - For a better tomorrow
TIN - For a better tomorrow
 Annual Tax Statement (Form 26AS)

Form 26AS is a consolidated tax statement issued under Rule 31
AB of Income Tax Rules.

Form 26AS with respect to a financial year includes details of:

All tax deducted at source (TDS);

All tax collected at source (TCS); and

All advance tax/self assessment tax/regular assessment tax
/Fringe Benefit Tax etc., deposited in the bank by the taxpayers
(PAN holders).



                        TIN - For a better tomorrow
           Benefits of Form 26AS

PAN holder can verify the following:
   •   TDS / TCS has been deposited to the Government account

   •   Deductor/collector has accurately filed the TDS/TCS
       statement giving details of the tax deducted/collected on the
       deductees behalf

   •   Bank has properly furnished the details of tax (e.g. Advance
       Tax, Self-assessment Tax etc.) directly deposited by the tax
       payer

Consolidated tax statement (Form 26AS) as a proof of tax
    deducted/collected




                        TIN - For a better tomorrow
Form 26AS




 TIN - For a better tomorrow
Form 26AS

                    Real Life




 TIN - For a better tomorrow
Form 26AS




 TIN - For a better tomorrow
 Registration for view of Form 26AS

• Registration at TIN website (www.tin-nsdl.com)
• Successful Registration-Acknowledgment Slip will be displayed

• Verification and Authorisation by TIN-FC
   Verification mode
     PAN holder to visit TIN-FC – Rs. 17
     TIN-FC to visit PAN holder – Rs. 110




                        TIN - For a better tomorrow
        Verification & Authorisation
Proof of Identity

  Individual: PAN Card in original with a copy
 HUF: PAN Card of HUF and PAN Card of Karta
 Non-individual/HUF:
 1. PAN Card in original with a copy
 2. Authority Letter
 3. PAN Card of Authorized Individual

  Status of registration available on NSDL website

  Three days after authorisation Form 26AS can be viewed online




                        TIN - For a better tomorrow
     Inconsistencies – Common errors

• Challan details
   – BSR Code
   – Cheque tender date
   – Challan serial number
   – TAN
   – Amount
   – Do not split challans as per deductees

• Deductee details
   – Deductee serial numbers (for each challan, start from 1)


                        TIN - For a better tomorrow
    Form 26AS feedback from PAN holders

•   Credit does not belong to PAN holder
•   Deductor not taking corrective action
•   More than one entry for the same payment
•   Incorrect / incomplete credit
•   Credit not available




                   TIN - For a better tomorrow
           Rectification of errors

• Errors in challan by Bank or Taxpayer

   – Bank can rectify three types of errors:
      • Name of the deductor
      • Amount
      • Major Head code

   – For any other corrections, contact Assessing Officer

• Errors in TDS/TCS statements
   – File correction statement

                     TIN - For a better tomorrow
                    What’s new
• Challan status through SMS
• Online reset password facility to view Form 26AS
• Direct display of Form 26AS to net banking customers of
  banks
• BSR code check in FVU

• TAN registration
• Additional validations in e-TDS / TCS returns
• Verification of challan details uploaded by banks
  with challan details in e-TDS / TCS return in FVU


                      TIN - For a better tomorrow
   TIN Call Centre (TCC)

Tel : 020-27218080 (hunting line)
Fax: 020-27218081
email: tininfo@nsdl.co.in
Timings: 9.30 a.m. to 8.00 p.m.
             Monday - Friday
            9.30 a.m. to 6.00 p.m.
            Saturday




                TIN - For a better tomorrow
THANK YOU


   TIN - For a better tomorrow