Watch the following video to know about to automated tax payments, or read on.
- When you create a vendor on the RazorpayX Dashboard, you set a for the vendor.
- When you upload an invoice and select the vendor, the TDS component is auto-calculated according to the TDS rate selected for the vendor.
- When you make a vendor payment, the TDS amount is recorded against the relevant category. The TDS amount is NOT deducted from your account balance at this stage.
- On the 1st of every month, RazorpayX sends a reminder to you, informing of the total TDS you owe on your vendor payments. You must ensure there is sufficient balance in your account to make the tax payments.
- TDS payment for the previous month will be paid automatically on the 4th of every month. The TDS amount is deducted from your account balance at this stage.
- After the TDS is successfully paid, you can download the challan from the .
- File the TDS as per your convenience.
Watch Out!
- RazorpayX Tax Payments does not file TDS. It only facilitates monthly payments.
- We have moved to TIN 2.0, with effect from 1st November, 2022.
- Challans are not available on the RazorpayX Dashboard. To download challans, visit and log in to your account.
- Go to e-File → E-Pay Tax → Payment History.
- Under the Actions tab, click on the 3 dot menu for the challan you want, and click Download.
- Go to e-File → E-Pay Tax → Payment History.
- If you do not have an existing account, follow to e-register on the Income Tax Portal.