Deduction details are also known as Payment Details. It contains the following details:
- Payee/ Deductee Name and PAN,
- Date of Payment/ Credit,
- Nature of Payment (Section under which TDS Deducted),
- Amount of Payment,
- Challan Details,
- TDS Deduction Details,
- Reason for Lower Deduction (if any),
- Certificate Number in case of lower deduction.
These details are mandatory to file an e-TDS Return. It needs to be provided in Form 24Q, 26Q and 27Q. This helps the income tax department to match challan with each payee/ deductee while allowing them tax credit in Form 26AS.