Checking your Tax Deducted at Source (TDS) online is a straightforward process primarily done through the official government portal.
To check your TDS online, the primary method involves visiting the official TDS CPC portal, also known as Traces.
Steps to View Your TDS/TCS Credit Online
The official way to view your TDS/TCS (Tax Collected at Source) credit involves navigating through the Traces portal. Follow these steps:
- Visit the Official Traces Portal: Go to the official TDS CPC portal (Traces).
- Locate the 'Tax Payer' Tab: On the website, find and select the 'Tax Payer' tab.
- Choose 'View TDS/TCS Credit': In the left-hand menu, under the Quick Links section, choose the option titled 'View TDS/TCS Credit'.
Reference Information: Start by visiting the official TDS CPC portal, also known as Traces. Locate and select the 'Tax Payer' tab on the website. In the left-hand menu, under the Quick Links section, choose 'View TDS/TCS Credit.'
After following these steps, you will typically need to log in or provide details like your PAN (Permanent Account Number) to access your TDS information. The portal allows you to view details of the TDS deducted on your income by various deductors.
What is TDS?
TDS is a system where the deductor (the person making a payment) is required to deduct a certain percentage of the amount payable as tax and deposit it with the government on behalf of the deductee (the person receiving the payment). Checking your TDS online helps you verify if the tax deducted from your income has been correctly deposited against your PAN.
Why Check TDS Online?
- Verification: Ensure that the TDS deducted by your employer or other entities has been properly deposited.
- Income Tax Filing: Use the TDS details to accurately fill your Income Tax Return (ITR) and claim credit for the taxes already paid.
- Rectification: Identify any discrepancies and take necessary steps to get them corrected by the deductor.
Using the official Traces portal ensures you are accessing reliable information directly from the tax authorities. Regularly checking your TDS credit is a crucial part of managing your tax affairs effectively.
