How TDS Monthly Compliance works
Step 1: Share payment register
Timeline: Day 1-5
- Upload salary, vendor, rent, and contractor payments.
- Ollvy CA reviews TDS rates - 192 for salary, 194C for contractors, 194J for professionals, 194I for rent.
- Wrong rate = you're liable for the shortfall plus interest.
Milestone: Data received
Step 2: TDS calculated, challans prepared
Timeline: Day 5-6
- Ollvy CA calculates TDS for each category.
- Challans prepared with correct BSR code, assessment year, and minor head.
- Wrong details cause Form 26AS mismatches for your vendors.
Milestone: Challans ready
Step 3: Challans paid by the 7th
Timeline: Day 6-7
- You pay through net banking.
- Challan Identification Number (CIN) uploaded to your Ollvy account.
- March TDS deadline is April 30 - different from every other month.
Milestone: TDS deposited
Step 4: 24Q and 26Q filed quarterly
Timeline: Quarter end
- Ollvy CA files Form 24Q (salary TDS) and Form 26Q (non-salary TDS).
- Returns reconciled with challans before filing.
- Form 16 (employees) and Form 16A (vendors) generated after filing.
Milestone: TDS return filed
Everything included in TDS Monthly Compliance
TDS calculation - all sections covered
Salary (192), contractors (194C), professional fees (194J), rent (194I), interest (194A). Ollvy CA calculates correct rate and threshold for each payment type.
Challans prepared with correct codes
Wrong challan code means TDS credit does not reflect in the deductee's 26AS. Ollvy CA uses the correct BSR code, section, and assessment year every time.
Without Ollvy: Wrong code - deductee's 26AS shows zero. You refile.
With Ollvy: Correct code, first time. Credit reflects in 26AS within 3 days.
24Q and 26Q filed quarterly
Quarterly TDS returns filed on TRACES portal. Covers salary TDS (Form 24Q) and non-salary TDS (Form 26Q).
Form 16 and 16A generated on time
Form 16 for employees (due June 15) and Form 16A for vendors. Generated from filed returns and delivered to your account.
Without Ollvy: Missed June 15 deadline - Rs 100/day penalty per certificate
With Ollvy: Generated and delivered before the deadline. Every year.
What could go wrong with TDS Filing
Late deposit - interest from deduction date
- TDS due by 7th of following month. 1.5%/month interest from date of deduction (Section 201(1A)).
- March deadline is April 30.
- Ollvy CA prepares challans before the 7th every month.
Wrong rate - expense disallowed
- Under-deduction: you're liable for shortfall plus interest. The expense is disallowed under Section 40(a)(ia) - you pay income tax on money you already spent.
- Ollvy CA applies current rates for each section.
Missing PAN - 20% TDS
- If vendor/contractor doesn't provide PAN, TDS must be deducted at 20% (Section 206AA).
- Ollvy CA flags missing PANs during data review.
Frequently asked questions about TDS Monthly Compliance
Who needs to deduct TDS?
Any business paying salary (192), rent above Rs. 2.4 lakh/year (194I), contractor payments above Rs. 30,000/contract (194C), or professional fees above Rs. 30,000/year (194J). Skip the deduction and the entire expense is disallowed.
Deposit due date?
7th of following month. March: April 30. Late deposit: 1.5%/month interest from deduction date. Plus Rs. 200/day for late quarterly return.
What is Form 16?
TDS certificate for employees. Shows salary and tax deducted. Employees need it to file their ITR. Generated after Q4 return is filed. Ollvy CA handles generation for all employees.
What is Form 16A?
TDS certificate for non-salary payments - contractors, professionals, rent. Issued to vendors after each quarterly return. Vendors use it to claim TDS credit in their own return.
TDS Monthly Compliance
TDS deposited by the 7th. 24Q and 26Q filed. Form 16 generated. Every month, on time.
Current cycle due: 20 May 2026
THE PROCESS
How Ollvy handles your TDS Filing
Step 1: Share payment register
Upload salary, vendor, rent, and contractor payments. Ollvy CA reviews TDS rates - 192 for salary, 194C for contractors, 194J for professionals, 194I for rent. Wrong rate = you're liable for the shortfall plus interest.
Milestone: Data received
Step 2: TDS calculated, challans prepared
Ollvy CA calculates TDS for each category. Challans prepared with correct BSR code, assessment year, and minor head. Wrong details cause Form 26AS mismatches for your vendors.
Milestone: Challans ready
Step 3: Challans paid by the 7th
You pay through net banking. Challan Identification Number (CIN) uploaded to your Ollvy account. March TDS deadline is April 30 - different from every other month.
Milestone: TDS deposited
Step 4: 24Q and 26Q filed quarterly
Ollvy CA files Form 24Q (salary TDS) and Form 26Q (non-salary TDS). Returns reconciled with challans before filing. Form 16 (employees) and Form 16A (vendors) generated after filing.
Milestone: TDS return filed
Share payment register
- Upload salary, vendor, rent, and contractor payments.
- Ollvy CA reviews TDS rates - 192 for salary, 194C for contractors, 194J for professionals, 194I for rent.
- Wrong rate = you're liable for the shortfall plus interest.
Data received
WHAT YOU GET
Everything included
TDS CHALLAN - MARCH 2026
Deposited before 7th. Zero late interest.
TDS calculation - all sections covered
Salary (192), contractors (194C), professional fees (194J), rent (194I), interest (194A). Ollvy CA calculates correct rate and threshold for each payment type.Challans prepared with correct codes
Wrong challan code means TDS credit does not reflect in the deductee's 26AS. Ollvy CA uses the correct BSR code, section, and assessment year every time.Others
Wrong code - deductee's 26AS shows zero. You refile.
Ollvy
Correct code, first time. Credit reflects in 26AS within 3 days.
QUARTERLY RETURN - Q4 FY2025-26
Due May 31. Filed 8 days before deadline.
24Q and 26Q filed quarterly
Quarterly TDS returns filed on TRACES portal. Covers salary TDS (Form 24Q) and non-salary TDS (Form 26Q).Form 16 and 16A generated on time
Form 16 for employees (due June 15) and Form 16A for vendors. Generated from filed returns and delivered to your account.Others
Missed June 15 deadline - Rs 100/day penalty per certificate
Ollvy
Generated and delivered before the deadline. Every year.
We file correctly.
Not just on time.
Others
Documents taken as-is. Query or rejection? Your problem.
Ollvy
Every document reviewed before filing. Mismatches and format issues caught upfront.
NEXT STEPS
What TDS Filing unlocks
Services that become available or mandatory after completion.
Nothing else follows this one.
CUSTOMER REVIEWS
What customers say about TDS Filing
Challans ready before the 7th every month. I pay, they file. Salary certificates were ready well before the June deadline.
- Arun Kumar Iyer
Caught wrong rates on some payments in the first month itself. Fixed before it became a bigger issue.
- Sunita Deshmukh
Form 16 for all 12 employees generated and sent to them by June 10. Five days before the deadline. No last-minute scramble.
- Nitin Wadhwa
| Data | Required For | Notes |
|---|---|---|
| Salary register / payroll | Salary TDS return | Gross salary, PF deductions, and net pay per employee |
| Contractor invoice list | Non-salary TDS return | Name, PAN, amount paid, nature of work |
| Professional fee payments | Non-salary TDS return | Name, PAN, amount paid |
| Rent payments | Non-salary TDS return | Landlord name, PAN, monthly rent amount |
| Interest payments (if any) | Non-salary TDS return | Payee name, PAN, interest amount |
| PAN of all vendors and contractors | All payment types | Missing PAN triggers 20% TDS rate |
Your documents are encrypted, visible only to your assigned professional, and deleted 90 days after your order closes.
COMMON QUESTIONS
Frequently asked questions
TDS rates and when to deduct
| Payment Type | Section | Threshold | TDS Rate |
|---|---|---|---|
| Salary | 192 | Above basic exemption limit | As per income tax slab rate |
| Contractor (individual) | 194C | Rs. 30,000/payment or Rs. 1 lakh/year | 1% |
| Contractor (company) | 194C | Rs. 30,000/payment or Rs. 1 lakh/year | 2% |
| Professional/technical fees | 194J | Rs. 30,000/year | 10% |
| Rent - company paying (land/building) | 194I | Rs. 2.4 lakh/year | 10% |
| Rent - individual paying (land/building) | 194IB | Rs. 50,000/month | 5% |
| Interest from banks/NBFCs | 194A | Rs. 40,000/year (Rs. 50,000 for senior citizens) | 10% |
| Commission or brokerage | 194H | Rs. 15,000/year | 5% |
| No PAN provided | 206AA | Any payment | 20% or applicable rate, whichever is higher |
RELATED GUIDES
Deep-dive guides on TDS Filing
Written by the same Ollvy CA team. Linked sources, updated when regulations change.
₹999
₹2,999
Due: 20 May 2026