Home Acts & Rules Income Tax Rule Income-tax Rules, 1962 Chapters List Chapter VI DEDUCTION OF TAX AT SOURCE This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Rule 30 - Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192. - Income-tax Rules, 1962Extract 1 [Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192 . 30 (1) All sums deducted in accordance with the provisions of Chapter XVII-B by an office of the Government shall be paid to the credit of the Central Government - (a) on the same day where the tax is paid without production of an income-tax challan; and (b) on or before seven days from the end of the month in which the deduction is made or income-tax is due under sub-section (1A) of section 192 , where tax is paid accompanied by an income-tax challan. (2) All sums deducted in accordance with the provisions of Chapter XVII-B by deductors other than an office of the Government shall be paid to the credit of the Central Government - (a) on or before 30th day of April where the income or amount is credited or paid in the month of March; and (b) in any other case, on or before seven days from the end of the month in which- (i) the deduction is made; or (ii) income-tax is due under sub-section (1A) of section 192 . 2 [(2A) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194-IA shall be paid to the credit of the Central Government within a period of 5 [ thirty days ] from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No.26QB.] 9 [(2B) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194-IB shall be paid to the credit of the Central Government within a period of thirty days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QC.] 11 [ (2C) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194M shall be paid to the credit of the Central Government within a period of thirty days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QD. ] 13 [ (2D) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194S by a specified person referred to in that section shall be paid to the credit of the Central Government within a period of thirty days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QE. ] (3) Notwithstanding anything contained in sub-rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:- Table Sl. No. Quarter of the Financial Year ended on Date for quarterly payment (1) (2) (3) 1. 30th June 7th July 2. 30th September 7th October 3. 31st December 7th January 4. 31st March 30th April. B.- Mode of payment (4) In the case of an office of the Government, where tax has been paid to the credit of the Central Government without the production of a challan, the Pay and Accounts Officer or the Treasury Officer or the Cheque Drawing and Disbursing Officer or any other person by whatever name called to whom the deductor reports the tax so deducted and who is responsible for crediting such sum to the credit of the Central Government, 6 [ shall submit a statement in Form No. 24G to the agency authorised by the Principal Director of Income-tax (Systems) in respect of tax deducted by the deductors and reported to him. ] 7 [(4A) Statement referred to in sub-rule (4) shall be furnished- (a) on or before the 30th day of April where the statement relates to the month of March; and (b) in any other case, on or before 15 days from the end of relevant month. (4B) Statement referred to in sub-rule (4) shall be furnished in the following manner, namely:- (a) electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5); or (b) electronically alongwith the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (5). (4C) The persons referred to in sub-rule (4) shall intimate the number (hereinafter referred to as the Book Identification Number) generated by the agency to each of the deductors in respect of whom the sum deducted has been credited.] 8 [ (5) The Principal Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements and shall be responsible for the day-to-day administration in relation to furnishing of the information and verification of the statements. ] (6) (i) Where tax has been deposited accompanied by an income-tax challan, the amount of tax so deducted or collected shall be deposited to the credit of the Central Government by remitting it within the time specified in clause (b) of sub-rule (1) or in sub-rule (2) or in sub-rule (3) into any branch of the Reserve Bank of India or of the State Bank of India or of any authorised bank; (ii) Where tax is to be deposited in accordance with clause (i), by persons referred to in sub-rule (1) of rule 125 , the amount deducted shall be electronically remitted into the Reserve Bank of India or the State Bank of India or any authorised bank accompanied by an electronic income-tax challan. 3 [(6A) Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form No.26QB, the amount of tax so deducted shall be deposited to the credit of the Central Government by remitting it electronically within the time specified in sub-rule (2A) into the Reserve Bank of India or the State Bank of India or any authorised bank.] 10 [(6B) Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form No.26QC, the amount of tax so deducted shall be deposited to the credit of the Central Government by remitting it electronically within the time specified in sub-rule (2B) into the Reserve Bank of India or the State Bank of India or any authorized bank.] 12 [ (6C) Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form No.26QD, the amount of tax so deducted shall be deposited to the credit of the Central Government by remitting it electronically within the time specified in sub-rule (2C) into the Reserve Bank of India or the State Bank of India or any authorised bank. ] 14 [ (6D) Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form No.26QE, the amount of tax so deducted shall be deposited to the credit of the Central Government by remitting it electronically within the time specified in sub-rule (2D) into the Reserve Bank of India or the State Bank of India or any authorised bank. ] (7) For the purpose of this rule , the amount shall be construed as electronically remitted to the Reserve Bank of India or to the State Bank of India or to any authorised bank, if the amount is remitted by way of- (a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or (b) debit card. 4 [(7A) The Director General of Income-tax (Systems) shall specify the procedure, formats and standards for the purposes of remitting the amount electronically to the Reserve Bank of India or the State Bank of India or any authorised bank and shall be responsible for the day-to-day administration in relation to the remitting of the amount electronically in the manner so specified.] (8) Where tax is deducted before the 1st day of April, 2010, the provisions of this rule shall apply as they stood immediately before their substitution by the Income-tax (6th Amendment) Rules, 2010 .] ************** Notes. 1. Substituted vide notification no. 41/2010 dated 31-5-2010 [Income-tax (6th Amendment) Rules, 2010 .] w.e.f. 1-4-2010, before substitution it was read as, Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192 . 30.(1) All sums deducted in accordance with the provisions of sections 192 to 194 , section 194A , section 194B , section 194BB , section 194C , section 194D , section 194E , section 194EE , section 194F , section 194G , section 194H , section 194-I , section 194J , section 194K , section 194LA , section 195 , section 196A , section 196B , section 196C and section 196D shall be paid to the credit of the Central Government- (a) in the case of deduction by or on behalf of the Government, on the same day; (b) in the case of deduction by or on behalf of persons other than those mentioned in clause (a),- (i) in respect of sums deducted in accordance with the provisions of section 193 , section 194A , section 194C , section 194D , section 194E , section 194G , section 194H , section 194-I , section 194J , section 195 , section 196A , section 196B , section 196C and section 196D - (1) where the income by way of interest on securities referred to in section 193 or the income by way of interest referred to in section 194A or the sum referred to in section 194C or the income by way of insurance commission referred to in section 194D or the payment to non-resident sportsmen or sports associations referred to in section 194E or the income by way of commission, remuneration or prize on sale of lottery tickets referred to in section 194G or the income by way of commission or brokerage referred to in section 194H or the income by way of rent referred to in section 194-I or the income by way of fees for professional or technical services referred to in section 194J or the interest or any other sum referred to in section 195 or the income of a foreign company referred to in sub-section (2) of section 196A or the income from units referred to in section 196B or the income from foreign currency bonds or shares of an Indian company referred to in section 196C or the income of Foreign Institutional Investors from securities referred to in section 196D is credited by a person to the account of the payee as on the date up to which the accounts of such person are made, within two months of the expiration of the month in which that date falls; (2) in any other case, within one week from the last day of the month in which the deduction is made; and (ii) in respect of sums deducted in accordance with the other provisions within one week from the last day of the month in which the deduction is made: Provided that the Assessing Officer may, in special cases, and with the approval of the Joint Commissioner- (a) in cases falling under sub-clause (i), permit any person to pay the income-tax deducted from any income by way of interest, other than income by way of interest on securities or any income by way of insurance commission or any income by way of commission or brokerage referred to in section 194H quarterly on July 15, October 15, January 15 and April 15; and (b) in cases falling under sub-clause (ii), permit an employer to pay income-tax deducted from any income chargeable under the head Salaries quarterly on June 15, September 15, December 15 and March 15. (1A) All sums paid under sub-section (1A) of section 192 shall be paid to the credit of the Central Government- (a) in the case of payment on behalf of the Government, on the same day; (b) in all other cases, within one week from the last day of each month on which the income-tax is due under sub-section (1B) of section 192 . (2) The person responsible for making the deduction from any income chargeable under the head Salaries or, the person who pays tax, referred to in sub-section (1A) of section 192 or, in cases covered by sub-section (5) of section 192 , the trustees shall pay the amount of tax so deducted to the credit of the Central Government by remitting it within the time prescribed in sub-rule (1) into any branch of the Reserve Bank of India or of the State Bank of India or of any authorized bank accompanied by an income-tax challan : Provided that where the deduction or payment, as the case may be, is made by or on behalf of Government, the amounts shall be credited within the time and in the manner aforesaid without the production of a challan. (3) The person responsible for making deduction under sections 193 , 194 , 194A , 194B , 194BB , 194C , 194D , 194E , 194EE , 194F , 194G , 194H , 194-I , 194J , 194K , 195 , 196A , 196B , 196C and 196D shall pay the amount of tax so deducted to the credit of the Central Government by remitting it within the time prescribed in sub-rule (1) into any branch of the Reserve Bank of India or of the State Bank of India or of any authorized bank accompanied by an income-tax challan, provided that where the deduction is made by or on behalf of Government the amount shall be credited within the time and in the manner aforesaid without the production of a challan.] Earlier this rule was Substituted vide notification no. 9/2010 dated 18-2-2010 [Income-tax (First Amendment) Rules, 2010] w.e.f. 1-4-20009, prior to subsitution it was read as, [ Time and mode of payment to Government account of tax deducted at source or tax paid under Chapter XVII-B 30.(1) All sums deducted in accordance with the provisions of Chapter XVII-B shall be paid to the credit of the Central Government- (a) within two months from the end of the month in which the amount is credited by the payer to the account of the payee if the crediting is on the date up to which the accounts of the payer are made; and (b) in any other case, within one week from the end of the month in which the- (i) deduction is made; or (ii) income-tax is due under sub-section (1A) of section 192. (2) Notwithstanding anything contained in sub-rule (1), the Assessing Officer may permit, in special cases,- (a) quarterly payment of the amount on June 15, September 15, December 15 and March 15 if the amount is deducted from any income chargeable under the head Salaries ; and (b) quarterly payment of the amount on July 15, October 15, January 15 and April 15 if the amount is deducted from any income by way of- (i) interest, other than interest on securities; (ii) insurance commission; or (iii) commission or brokerage referred to in section 194H. (3) No permission under sub-rule (2) shall be granted without the prior approval of the Joint Commissioner. (4) The person responsible for making deduction, or payment of tax, under Chapter XVII-B shall, within the time specified in sub-rule (1), or sub-rule (2),- (a) electronically furnish an income-tax challan in Form No.17; and (b) pay the amount so deducted to the credit of the Central Government by electronically remitting it into the Reserve Bank of India, State Bank of India or any authorised bank. (5) For the purposes of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or of the State Bank of India or of any authorised bank, if the amount is remitted by way of- (a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or (b) credit or debit card. ] --------------------- Earlier it was Substituted vide notification no. 31/2009 dated 25-3-2009 (Income-tax (8th Amendment) Rules, 2009) , prior to substitution it was read as under Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192. 30. (1) All sums deducted in accordance with the provisions of sections 192 to 194, section 194A, section 194B, section 194BB, section 194C, section 194D, section 194E, section 194EE, section 194F, section 194G, section 194H, section 194-I, section 194J, section 194K, section 194LA, section 195, section 196A, section 196B, section 196C and section 196D shall be paid to the credit of the Central Government- ( a ) in the case of deduction by or on behalf of the Government, on the same day; ( b ) in the case of deduction by or on behalf of persons other than those mentioned in clause ( a ), ( i ) in respect of sums deducted in accordance with the provisions of section 193, section 194A, section 194C, section 194D, section 194E, section 194G, section 194H, section 194-I, section 194J, section 195, section 196A, section 196B, section 196C and section 196D- ( 1 ) where the income by way of interest on securities referred to in section 193 or the income by way of interest referred to in section 194A or the sum referred to in section 194C or the income by way of insurance commission referred to in section 194D or the payment to non-resident sportsmen or sports associations referred to in section 194E or the income by way of commission, remuneration or prize on sale of lottery tickets referred to in section 194G or the income by way of commission or brokerage referred to in section 194H or the income by way of rent referred to in section 194-I or the income by way of fees for professional or technical services referred to in section 194J or the interest or any other sum referred to in section 195 or the income of a foreign company referred to in sub-section (2) of section 196A or the income from units referred to in section 196B or the income from foreign currency bonds or shares of an Indian company referred to in section 196C or the income of Foreign Institutional Investors from securities referred to in section 196D is credited by a person to the account of the payee as on the date up to which the accounts of such person are made, within two months of the expiration of the month in which that date falls; ( 2 ) in any other case, within one week from the last day of the month in which the deduction is made; and ( ii ) in respect of sums deducted in accordance with the other provisions within one week from the last day of the month in which the deduction is made : Provided that the Assessing Officer may, in special cases, and with the approval of the Joint Commissioner- ( a ) in cases falling under sub-clause ( i ), permit any person to pay the income-tax deducted from any income by way of interest, other than income by way of interest on securities or any income by way of insurance commission or any income by way of commission or brokerage referred to in section 194H quarterly on July 15, October 15, January 15 and April 15; and ( b ) in cases falling under sub-clause ( ii ), permit an employer to pay income-tax deducted from any income chargeable under the head Salaries quarterly on June 15, September 15, December 15 and March 15. (1A) All sums paid under sub-section (1A) of section 192 shall be paid to the credit of the Central Government- ( a ) in the case of payment on behalf of the Government, on the same day; ( b ) in all other cases, within one week from the last day of each month on which the income-tax is due under sub-section (1B) of section 192. (2) The person responsible for making the deduction from any income chargeable under the head Salaries or, the person who pays tax, referred to in sub-section (1A) of section 192 or, in cases covered by sub-section (5) of section 192, the trustees shall pay the amount of tax so deducted to the credit of the Central Government by remitting it within the time prescribed in sub-rule (1) into any branch of the Reserve Bank of India or of the State Bank of India or of any authorised bank accompanied by an income-tax challan Provided that where the deduction or payment, as the case may be, is made by or on behalf of Government, the amounts shall be credited within the time and in the manner aforesaid without the production of a challan. (3) The person responsible for making deduction under sections 193, 194, 194A, 194B, 194BB, 194C, 194D, 194E, 194EE, 194F, 194G, 194H, 194-I, 194J, 194K, 195, 196A , 196B , 196C and 196D shall pay the amount of tax so deducted to the credit of the Central Government by remitting it within the time prescribed in sub-rule (1) into any branch of the Reserve Bank of India or of the State Bank of India or of any authorised bank accompanied by an income-tax challan, provided that where the deduction is made by or on behalf of Government the amount shall be credited within the time and in the manner aforesaid without the production of a challan. 2. Inserted vide NOTIFICATION NO. 39/2013 dated 31 st May, 2013 3. Inserted vide NOTIFICATION NO. 39/2013 dated 31 st May, 2013 4. Inserted vide NOTIFICATION NO. 39/2013 dated 31 st May, 2013 5. Substituted vide Not. 30/2016 - Dated 29-4-2016, w.e.f. 1st day of June, 2016 before it was read as, seven days 6. Substituted vide Not. 30/2016 - Dated 29-4-2016, w.e.f. 1st day of June, 2016 before it was read as, shall- (a) submit a statement in Form No. 24G within ten days from the end of the month to the agency authorised by the Director General of Income-tax (Systems) in respect of tax deducted by the deductors and reported to him for that month; and (b) intimate the number (hereinafter referred to as the Book Identification Number) generated by the agency to each of the deductors in respect of whom the sum deducted has been credited. 7. Inserted vide Not. 30/2016 - Dated 29-4-2016, w.e.f. 1st day of June, 2016 8. Substituted vide Not. 30/2016 - Dated 29-4-2016, w.e.f. 1st day of June, 2016 before it was read as, (5) For the purpose of sub-rule (4), the Director General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture and transmission of data, and shall also be responsible for the day-to-day administration in relation to furnishing the information in the manner so specified. 9. Inserted vide Not. 48/2017 - Dated 8-6-2017 10. Inserted vide Not. 48/2017 - Dated 8-6-2017 11. Inserted vide Notification No. G.S.R.858(E) dated 18-11-2019 12. Inserted vide Notification No. G.S.R.858(E) dated 18-11-2019 13. Inserted vide NOTIFICATION NO. 67/2022 dated 21-06-2022 w.e.f. 01-07-2022 14. Inserted vide NOTIFICATION NO. 67/2022 dated 21-06-2022 w.e.f. 01-07-2022
|