{"id":3393,"date":"2020-09-04T19:56:15","date_gmt":"2020-09-04T14:26:15","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=3393"},"modified":"2021-06-29T00:36:41","modified_gmt":"2021-06-28T19:06:41","slug":"tds-returns","status":"publish","type":"post","link":"https:\/\/razorpay.com\/payroll\/learn\/tds-returns\/","title":{"rendered":"TDS Returns: Filing Process, Due Dates, Late Fees &#038; Penalties"},"content":{"rendered":"<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Deducting tax from salary payments does not end the TDS compliance responsibilities of an employer. An employer has to file quarterly TDS returns for tax deducted from salaries.\u00a0<\/span><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">TDS Return is a statement that is submitted by the deductors to the income tax department on a quarterly basis. It summarises all TDS related transactions carried out in a quarter.<\/span><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">However, the filing process is not as easy as it seems. Any omission or misstatement of details can invite notice for businesses from the income tax authorities.\u00a0<\/span><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Let\u2019s discuss the ins and outs of TDS return filing for salary payments extensively and how <\/span><b>RazorpayX Payroll<\/b><span style=\"font-weight: 400;\">\u00a0is streamlining compliance requirements for SMEs.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e150f26634e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e150f26634e\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/payroll\/learn\/tds-returns\/#What-is-Form-24Q\" >What is Form 24Q<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/payroll\/learn\/tds-returns\/#How-to-file-Form-24Q\" >How to file Form 24Q<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/payroll\/learn\/tds-returns\/#Using-NSDL-e-TDS-Return-Preparation-Utility\" >Using NSDL e-TDS Return Preparation Utility<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/payroll\/learn\/tds-returns\/#Due-dates-for-filing-TDS-returns-Form-24Q\" >Due dates for filing TDS returns (Form 24Q)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/payroll\/learn\/tds-returns\/#Penalties-for-late-filing-of-TDS-returns\" >Penalties for late filing of TDS returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/payroll\/learn\/tds-returns\/#Razorpays-automated-recipe\" >Razorpay\u2019s automated recipe\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-speechify-sentence=\"\"><span class=\"ez-toc-section\" id=\"What-is-Form-24Q\"><\/span><span style=\"font-weight: 400;\">What is Form 24Q<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">A quarterly statement reflecting details of the salary paid to the employees and tax deducted on salaries has to be filed by the employer in Form 24Q. It is a form for preparing TDS returns for <\/span><a href=\"https:\/\/razorpay.com\/learn\/tax-deducted-at-source-tds\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">tax deducted from salary<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Form 24Q consists of 2 annexures.\u00a0<\/span><\/p>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Annexure 1 includes details of employer, employees, tax deducted and deposited in a quarter. Businesses have to submit Annexure 1 for all the four quarters of the financial year<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Annexure 2 contains salary details of the employees. Annexure 2 has to be submitted in the 4th quarter of the financial year along with salary details for the entire year<\/span><\/li>\n<\/ul>\n<h2 data-speechify-sentence=\"\"><span class=\"ez-toc-section\" id=\"How-to-file-Form-24Q\"><\/span><span style=\"font-weight: 400;\">How to file Form 24Q<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">You can submit Form 24Q both online and offline. However, filing TDS returns electronically is compulsory for following persons:\u00a0<\/span><\/p>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Any company registered under the Companies Act, 1956 or the Companies Act, 2013<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Businesses subjected to tax audit under the Income Tax Act<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">A deductor where the total number of deductees exceeds 20 in a particular quarter<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">A government deductor<\/span><\/li>\n<\/ul>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Returns are prepared using NSDL e-TDS return preparation utility or using third-party software.\u00a0<\/span><\/p>\n<h3 data-speechify-sentence=\"\"><span class=\"ez-toc-section\" id=\"Using-NSDL-e-TDS-Return-Preparation-Utility\"><\/span><span style=\"font-weight: 400;\">Using NSDL e-TDS Return Preparation Utility<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Visit the TIN-NSDL website and click on \u2018e-TDS\/e-TCS\u2019 tab under the services tab\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Click on \u2018e-TDS\/e-TCS RPU\u2019 and download e-TDS\/TCS return preparation utility from the link provided\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Then, unzip return preparation utility file and run the file named <\/span><b>TDS_RPU_3.3<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">A pop-up window will appear showing prerequisites for JAVA RPU installation. Ensure all the prerequisites are installed and click \u2018Ok\u2019\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Select Form no. \u201824Q\u2019 and type of statement as \u2018Regular\u2019. Then, select \u2018click to continue\u2019<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3395\" src=\"https:\/\/razorpay.com\/learn-content\/uploads\/2020\/09\/10.png\" alt=\"TDS Returns\" width=\"512\" height=\"214\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/10.png 1600w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/10-300x126.png 300w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/10-768x322.png 768w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/10-1024x429.png 1024w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Fill all the mandatory details in the <\/span><b>\u2018Form\u2019<\/b><span style=\"font-weight: 400;\"> tab like TAN of the deductor, PAN of the deductor, address, GST number, etc<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3402\" src=\"https:\/\/razorpay.com\/learn-content\/uploads\/2020\/09\/11b.png\" alt=\"24Q Filing \" width=\"512\" height=\"289\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/11b.png 1600w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/11b-300x169.png 300w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/11b-768x433.png 768w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/11b-1024x578.png 1024w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">In 2nd fold of the same page, provide particulars of the <\/span><b>person responsible for deduction of tax<\/b><span style=\"font-weight: 400;\">. Generally, the person responsible for tax deduction is an Authorised Signatory. Also, furnish the<\/span><b> token\/receipt number <\/b><span style=\"font-weight: 400;\">of earlier TDS statement filed\u00a0<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3396\" src=\"https:\/\/razorpay.com\/learn-content\/uploads\/2020\/09\/12.png\" alt=\"TDS Returns\" width=\"512\" height=\"203\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/12.png 1600w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/12-300x119.png 300w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/12-768x304.png 768w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/12-1024x405.png 1024w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">After entering the details in the form tab, fill out <\/span><b>Challan and Annexure-I (Deductee details)<\/b><span style=\"font-weight: 400;\"> tab. Annexure-II (Salary details) will also be required in the fourth quarter of the financial year. Then, click on <\/span><b>Save<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3397 size-full\" src=\"https:\/\/razorpay.com\/learn-content\/uploads\/2020\/09\/unnamed-file.png\" alt=\"24Q Filing \" width=\"512\" height=\"290\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/unnamed-file.png 512w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/unnamed-file-300x170.png 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0A confirmation message will appear on the screen.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3398 size-full\" src=\"https:\/\/razorpay.com\/learn-content\/uploads\/2020\/09\/14.png\" alt=\"24Q Filing - TDS\" width=\"512\" height=\"236\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/14.png 512w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/14-300x138.png 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Recheck all the details filled and click on \u2018<\/span><b>Create File\u2019. <\/b><span style=\"font-weight: 400;\">A window will appear on the screen where the CSI file will be uploaded (Download CSI file using <\/span><a href=\"https:\/\/tin.tin.nsdl.com\/oltas\/servlet\/TanSearch\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">TIN-NSDL website<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3403 size-full\" src=\"https:\/\/razorpay.com\/learn-content\/uploads\/2020\/09\/15a.png\" alt=\"24Q Filing \" width=\"512\" height=\"289\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/15a.png 512w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/15a-300x169.png 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Once the CSI file is uploaded, click on \u2018<\/span><b>Validate\u2019<\/b><span style=\"font-weight: 400;\">. If the file is successfully validated, an FVU file and Form 27A will be automatically saved in the selected folder\u00a0<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3404 size-full\" src=\"https:\/\/razorpay.com\/learn-content\/uploads\/2020\/09\/16a.png\" alt=\"TDS Return- 24Q Filing \" width=\"512\" height=\"289\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/16a.png 512w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2020\/09\/16a-300x169.png 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><span style=\"font-size: 19px;\">\u00a0<\/span><\/p>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">The FVU file generated has to be furnished to TIN-Facilitation Centres along with Form 27A signed by the authorised signatory<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">If all the details provided are correct while submitting the return, then a token number will be issued. This token number is considered as an acknowledgement, indicating that the return has been filed<\/span><\/li>\n<\/ul>\n<h2 data-speechify-sentence=\"\"><span class=\"ez-toc-section\" id=\"Due-dates-for-filing-TDS-returns-Form-24Q\"><\/span><span style=\"font-weight: 400;\">Due dates for filing TDS returns (Form 24Q)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table data-speechify-sentence=\"\">\n<tbody>\n<tr>\n<td><b>Quarter<\/b><\/td>\n<td><b>Due Date<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">April to June (Q1)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31st July of the same FY<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">July to September (Q2)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31st October of the same FY<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">October to December (Q3)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31st January of the same FY<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">January to March (Q4)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31st May of the next FY<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>[<a href=\"https:\/\/razorpay.com\/x\/tds-online-payment\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Checkout Instant TDS Payments with RazorpayX]<\/a><\/strong><\/p>\n<h2 data-speechify-sentence=\"\"><span class=\"ez-toc-section\" id=\"Penalties-for-late-filing-of-TDS-returns\"><\/span><span style=\"font-weight: 400;\">Penalties for late filing of TDS returns<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table data-speechify-sentence=\"\">\n<tbody>\n<tr>\n<td><b>Particulars<\/b><\/td>\n<td><b>Minimum Penalty<\/b><\/td>\n<td><b>Maximum Penalty<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Late filing of Form 24Q <\/span><span style=\"font-weight: 400;\">(Penalty under Section 234E)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 200 per day until TDS return is filed<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Penalty amount should not exceed tax deducted\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Non- filing of Form 24Q (Penalty under Section 271H)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 10,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 1,00,000<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">No penalty will be charged if\u00a0<\/span><\/p>\n<ul data-read-aloud-multi-block=\"true\">\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">The business deposits TDS to the government<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Late filing fees and interest is paid\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Return is filed before completion of 1 year from the due date<\/span><\/li>\n<\/ul>\n<h2 data-speechify-sentence=\"\"><span class=\"ez-toc-section\" id=\"Razorpays-automated-recipe\"><\/span><span style=\"font-weight: 400;\">Razorpay\u2019s automated recipe\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">The process of generating Form 24Q and filing TDS returns requires complex calculations. Thus, it becomes a tedious and labour-extensive task for businesses. It takes around 1-2 days to complete the entire filing process (depending on the number of employees) because of the steps involved.\u00a0<\/span><\/p>\n<p data-speechify-sentence=\"\"><b><i>Introducing <a href=\"https:\/\/razorpay.com\/payroll\/\">RazorpayX Payroll Software<\/a> &#8211; A solution to ease this tiresome task<\/i><\/b><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">RazorpayX Payroll takes care of end-to-end payroll processing as well as compliance. No more long hours on payroll calculations, no more spreadsheets, and no more errors.\u00a0<\/span><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">[bctt tweet=&#8221;With RazorpayX Payroll, you don\u2019t have to worry about TDS payments, return filings and Form 16\/16A generation.&#8221; via=&#8221;no&#8221;] <\/span><\/p>\n<p data-speechify-sentence=\"\"><b>Everything is automated!<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Plus, other statutory payments such as PF, ESI, and professional tax are also taken care of.\u00a0<\/span><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">RazorpayX Payroll gives more power to your employees by allowing them to claim their reimbursements and tax exemptions on their dashboard, based on which their monthly payroll is adjusted automatically.\u00a0<\/span><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">In addition to automating payroll and compliance for businesses, RazorpayX Payroll also provides<\/span><a href=\"https:\/\/razorpay.com\/group-health-insurance\/\"><b> group health insurance<\/b><\/a><span style=\"font-weight: 400;\"> to employees at a very economical premium.\u00a0<\/span><\/p>\n<p data-speechify-sentence=\"\"><span style=\"font-weight: 400;\">Even if you have 7 employees or lower,\u00a0 RazorpayX Payroll provides group medical cover to your employees, which include COVID-19, pre-existing diseases, and maternity cover from the very first day.\u00a0<\/span><\/p>\n<div style=\"text-align: center;\" data-speechify-sentence=\"\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/payroll\/?r=tdsreturns\">Sign up on RazorpayX Payroll now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TDS Returns are the statement that is submitted by the deductors to the income tax department on a quarterly basis. It includes all the transactions subjected to TDS carried out in a particular quarter.<\/p>\n","protected":false},"author":151156469,"featured_media":3394,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3476,3404],"tags":[3468],"class_list":{"0":"post-3393","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payroll-glossary","8":"category-payroll","9":"tag-tds-returns"},"_links":{"self":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/3393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/users\/151156469"}],"replies":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/comments?post=3393"}],"version-history":[{"count":14,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/3393\/revisions"}],"predecessor-version":[{"id":4776,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/3393\/revisions\/4776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media\/3394"}],"wp:attachment":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media?parent=3393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/categories?post=3393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/tags?post=3393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}