TDS & Tax Liability in India – Complete Advisory Services
Expert Advisory on Tax Deducted at Source, Advance Tax, and Total Tax Liability Under the Income Tax Act
Tax Deducted at Source (TDS) and advance tax are the two primary mechanisms through which income tax is collected in India on a pay-as-you-earn basis — before the taxpayer files their annual income tax return. TDS is deducted by the payer (employer, bank, company) at the time of payment. Advance tax is self-assessed and paid by the taxpayer directly in four instalments during the financial year. Together, TDS credits and advance tax payments are set off against the total income tax liability computed at the time of ITR filing — with any excess being refunded and any shortfall being paid as self-assessment tax.
Understanding how TDS interacts with total tax liability — and how to manage advance tax to avoid interest under Sections 234B and 234C — is critical for businesses, professionals, and individuals with multiple income sources. Our professionals provide comprehensive TDS and tax liability advisory, connected with our TDS Return Filing, Form 26Q, Lower Tax Deduction Certificate, and ITR Filing Services.
Our Services
Total Tax Liability Computation
Accurate computation of total tax liability for the financial year — covering all income heads, applicable deductions, surcharge, cess, and comparison with TDS credits and advance tax paid to determine refund or balance due.
Advance Tax Planning
Advisory on advance tax liability and instalments — computing each instalment correctly and ensuring advance tax is paid on time to avoid interest under Sections 234B and 234C.
TDS Credit Reconciliation
Complete reconciliation of TDS credits in Form 26AS and AIS against actual TDS deductions suffered — identifying missing TDS credits, pursuing deductors for correction, and ensuring complete TDS credit in ITR.
Form 26AS & AIS Review
Detailed review of Form 26AS and Annual Information Statement before ITR filing — identifying all TDS credits, high-value transaction entries, and advance tax credits — and reconciling with books.
Self-Assessment Tax Computation
Computation of self-assessment tax payable after adjusting total tax liability against TDS credits, advance tax, and MAT credit — and assistance with payment of self-assessment tax through the correct challan.
TDS Refund Tracking
Tracking of income tax refunds arising from excess TDS deduction — monitoring refund status on the income tax portal and following up on delayed refunds with the CPC or jurisdictional AO.
TDS vs Advance Tax — Key Points
- TDS is deducted by the payer — employer, bank, client — and credited to the government on the taxpayer's behalf
- Advance tax is paid directly by the taxpayer in 4 instalments: 15% by June 15, 45% by September 15, 75% by December 15, 100% by March 15
- Both TDS and advance tax are credited to the taxpayer's PAN and visible in Form 26AS and AIS
- Interest under Section 234B: 1% per month if advance tax paid is less than 90% of total tax liability
- Interest under Section 234C: 1% per month for deferment of each instalment
- If TDS credits exceed total tax liability, the excess is refunded with interest under Section 244A
Frequently Asked Questions
How does TDS reduce my total tax liability?
What is advance tax and when must it be paid?
What is the interest for short payment of advance tax?
How do I check my TDS credits?
What happens if TDS is deducted but does not appear in my Form 26AS?
Need Clarity on Your TDS Credits and Total Tax Liability?
Our professionals review your Form 26AS, compute advance tax, reconcile TDS credits, and ensure you pay exactly the right tax — no excess, no shortfall.
Talk to an ExpertF.A.Q.
GSTR-9 is an annual GST return that summarizes all transactions reported during the financial year. It is required to ensure proper reconciliation and compliance with GST laws.
All regular GST-registered taxpayers are required to file GSTR-9, except composition dealers, casual taxable persons, and non-resident taxpayers.
The due date is generally 31st December following the end of the relevant financial year, unless extended by the government.
It includes details of outward supplies, inward supplies, input tax credit claimed, taxes paid, and adjustments made during the year.
GSTR-9 is mandatory for most regular taxpayers, but certain small taxpayers may get exemptions based on turnover thresholds notified by the government.
Late filing may result in penalties and late fees, along with potential compliance issues or notices from GST authorities.
