Unused tax paid in a challan can be used in the remaining quarters of the current financial year and can also be carried forward to the next year. For Example, unused tax payment in Q1 of FY16-17 can be used for payment of TDS for Q2, Q3 and Q4 of FY 16-17 and if required also in FY 17-18.
Also, unused tax paid in a challan can be used for paying the TDS defaults of previous periods. For example, the unused amount paid in Q1 of FY 16-17 can be used for any old pending TDS payment.
Same Payment Challan can be used for TDS under different Sections/ Heads
Hi need your help, have made a payment for TDS but by mistake Asst. selected was 23-24 (F.Y. 22-23), but in actuals it was for Q3 – 24-25 F.Y., now how can i change it or use it kindly help please
As per our advice, you may attempt to use the challan while filing your TDS return — in some cases, it may get accepted despite the assessment year mismatch. Alternatively, you can approach your bank to request a correction in the challan details. If required, you may also contact the Income Tax Department for further guidance on rectification options.