Submitting Declaration to Deposit Lower TDS

Due to various reasons there could be a reduction in TDS deduction in the current period as compared to the deduction made in the previous period. In that case Centralized Processing Cell (TDS) has enabled deductor to share relevant reasons for Lower Deduction and/or Lower Payment. Below are the steps to submit Lower TDS declaration: –

Step 1 : Login to TRACES and Navigate to Declaration to Deposit Lower TDS under Statements/ Payments Menu

Step 2 : Add statement details with respect to Financial Year, Quarter and Form Type for which declaration needs to be made

Step 3 : Add Nature of Payment and TDS Lower by %

Step 4 : Select Reasons for Lower Deduction from the drop down menu

Step 5 : Check declaration by submitting I Agree radio button