Oltas Tds Challan Correction

The deductor, while depositing

TDS through challan, is required to provide various information like PAN / TAN, relevant assessment year, appropriate major and minor head code, nature of payment and amount of TDS to be deposited. While providing all such details, there are changes of clerical error at any point of time, and this will lead to no tax credit to the deductee. In order to avoid this situation, the Government has provided a challan correction mechanism which is being explained in the present article. TDS challan correction is possible in the following manner –

Online correction through TRACES;
Correction by bank in case of physical challan and
Correction by assessing officer in case of both physical and online challan.

Time period for correction request is also dependent on type of correction which is tabulated hereunder –

Sr. No.	Type of correction request	Time period within which correction request needs to be done
1	Total amount	Within a period of 7 days from the date of deposit of challan
2	PAN / TAN	Within a period of 7 days from the date of deposit of challan
3	Assessment Year	Within a period of 7 days from the date of deposit of challan
4	Minor Head	Within a period of 3 months from the date of deposit of challan
5	Major Head	Within a period of 3 months from the date of deposit of challan
6	Nature of payment	Within a period of 3 months from the date of deposit of challan

Important points to be kept in mind

Correction in ‘PAN / TAN’ will be allowed only in the situation wherein the name in the challan matches the name as per new PAN / TAN.
Joint correction of both ‘Minor Head Code’ and ‘Assessment year’ is not allowed.
Correction in ‘Name’ cannot be carried out by the bank.
Correction in the ‘total amount’ is possible only in case when the corrected amount is same as that of the amount actually received by the bank and credited to the Government account.
In case there are more than one correction request, all the requested corrections would be allowed, if the validation for all the correction is cleared. However, in case even one correction request fails the validation test, none of the corrections would be allowed (i.e. even the correction which has cleared the validation test would not be allowed).

Steps for online correction of TDS Challan through TRACES TRACES (TDS Reconciliation Analysis and Correction Enabling System) facilitates online correction of TDS challan. The deductor is required to follow the below mentioned steps –

Visit site /;
Click on Login icon and provide User Id, Password and TAN for deductor;
Navigate the following path –

Defaults > Request for Correction.

- Provide the appropriate details and submit the request.

Steps for submitting correction request to the bank

- The applicant is required to submit the request form for correction (in duplicate) to a branch of the concerned bank.
- The applicant is required to attach a copy of original challan counterfoil.
- The applicant is required to submit a separate request form for each challan.
- In case the applicant is a non-individual, then, the original authorization with seal of the non-individual applicant is required to be attached with the correction request form.

Steps for submitting correction request to the Assessing officer

- If the time limit for submitting challan correction to the bank has expired, then, in that case, the taxpayer can submit the correction request to the concerned Assessing officer.
- The concerned assessing officer is authorized under the OLTAS application to make corrections in the challan details.
- The applicant is required to submit the request form for correction (in duplicate) to the concerned Assessing officer.
- The applicant is required to attach a copy of the original challan counterfoil.
- The applicant is required to submit a separate request form for each challan.
- In case the applicant is a non-individual, then, the original authorization with the seal of the non-individual applicant is required to be attached with the correction request form to the concerned Assessing officer.

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Frequently Asked Questions

Common questions about OLTAS TDS Challan Correction Process and Guidelines.

The article outlines three ways to correct a TDS challan: online through the TRACES portal, by submitting a correction request to the bank (for physical challans), or by submitting a request to the Assessing Officer (for both online and physical challans).

According to the article, the following details can be corrected in a TDS challan: total amount, PAN/TAN, assessment year, minor head code, major head code, and nature of payment.

Yes, the time period within which a correction request needs to be made varies depending on the type of correction. For example, corrections related to total amount, PAN/TAN, and assessment year must be requested within 7 days of depositing the challan, while corrections related to minor head code, major head code, and nature of payment can be requested within 3 months.

No, the article clearly states that correction in the 'Name' cannot be carried out by the bank.

If there are multiple correction requests for the same challan, all the requested corrections would be allowed if the validations for all the corrections are cleared. However, if even one correction request fails the validation test, none of the corrections would be allowed.

To submit a correction request to the bank for a physical TDS challan, you need to visit a branch of the concerned bank, submit the request form (in duplicate), attach a copy of the original challan counterfoil, and submit a separate request form for each challan.

If the applicant is a non-individual, such as a company or organization, then the original authorization with the seal of the non-individual applicant must be attached with the correction request form, both when submitting to the bank or the Assessing Officer.

No, the article states that correction in the 'total amount' is possible only in case when the corrected amount is the same as the amount actually received by the bank and credited to the Government account.

To submit a correction request online through TRACES, you need to visit the TRACES website, log in with your User ID, Password, and TAN, navigate to the 'Request for Correction' section under 'Defaults', and provide the appropriate details to submit the request.

No, the article specifically mentions that joint correction of both 'Minor Head Code' and 'Assessment Year' is not allowed.