How to Create TDS Challan in English

TDS Challan needs to be deducted while crediting or payment whichever is earlier. Mostly TDS is deducted for services received and payment is made after deduction of tax at a specified percentage. The deducted TDS needs to be paid to the Government withing 7 days from of the next month by generating TDS Challan.
TDS Challan can be made for multiple deductees belonging to same category and Company or non-company basis. While making payment through TDS Challan, Assessment Year needs to be entered very carefully. If any mistakes have happened in the Challan for Assessment Year, Section or category, these can be corrected through TRACES website by raising a TDS challan correction request.
While making payment of TDS, details needs to be maintained for the Deductee and to be entered while filing quarterly returns.