TMI BlogTime and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192.X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 anythi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecified 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; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inistration 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 provisio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ne 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 res ..... X X X X Extracts X X X X X X X X Extracts X X X X
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