Thursday, May 7, 2026

TDS Payment Due Today (7 May 2026): Deposit TDS Challan Under New Income Tax Act, 2025 – And Fix Errors if Needed

 By Aakanksha, CA Finalist ( Team Sandeep Ahuja & Co.)

The due date for TDS deducted in April 2026 is today, 7 May 2026 – the first monthly cycle under the New Income Tax Act, 2025, effective from 1 April 2026 for Tax Year (TY) 2026–27.

With this transition, deductors risk errors in selecting the ActTax Yeardeductee category, or status. These can cause mismatches in TDS returns and credit claims, but most are procedural and fixable.

Key Relaxation: Use a single challan for multiple TDS sections (same deductee category/status), with section-wise breakups.

TDS Challan Payment: Simple Step-by-Step Checklist

Step

Particulars

Check Carefully

1

Login to e-Filing Portal

Use correct TAN

2

Select e-Pay Tax

Choose correct payment type

3

Select Tax Year

TY 2026–27

4

Select Applicable Act

New Income Tax Act, 2025

5

Select Major Head

0020 (Company) / 0021 (Others)

6

Select Deductee Status

Resident / Non-Resident

7

Enter TDS Details

Verify amount

8

Complete Payment

Save CIN

Major Head Selection

Match the deductee category:

Deductee Category

Major Head

Company Deductee

0020

Other than Company

0021

Note: Resident and non-resident deposits must be separate.

What If Paid Under Wrong Act or Tax Year?

Common transition error: Selecting old Income Tax Act or wrong TY for April 2026 deductions.

Good news: If these are correct – TANCINamountTax Yeardeductee details – correct via portal/TRACES (subject to validation). Procedural errors rarely invalidate deposits.

Pre-Filing Verification Checklist

Before TDS return:

  • Correct TAN
  • Correct CIN
  • Correct Tax Year
  • Correct Challan Amount
  • Correct Deductee Category
  • Correct Deductee Status
  • Correct PAN details
  • Correct Applicable Act

Common Errors to Avoid

Error

Impact

Wrong Act

Challan mismatch

Wrong Tax Year

Return mismatch

Wrong Deductee Category

Mapping issue

Wrong Deductee Status

Credit issue

Wrong PAN

Credit mismatch

Wrong Amount

Short payment/default

Final Tip: Before paying – TAN → TY → Act → Major Head → Status → Amount → Save CIN. Mistakes are often rectifiable; mismatches aren't. Double-check to dodge notices.

Timely compliance keeps you notice-free!