Your Guide to TDS Payment Due Date for FY 2024-25
Dear taxpayer here’s your go-to guide to ensure compliance with TDS payment due dates for the financial year 2024-25. This guide aims to provide clarity and simplify the process of meeting these deadlines, ultimately helping individuals stay organized and avoid any fines or penalties for late deposit of TDS.
This post simplifies TDS payment due dates for FY 2024-25 (Assessment Year 2025-26).
Remember: As a tax deductor (someone who withholds TDS from payments), you’re responsible for timely deposits to the government. The due date for Payment of TDS is prescribed by the Central Government.
Let’s learn the due date and process of deposit of TDS. Also, refer user guide on Penalties for late deposits of TDS.
Every deductor is required to deposit the TDS on or before the due date specified. Failing to deposit TDS on or before the due date results in a penalty. Therefore, the deductor must be aware of the due date of deposit of TDS.
*Deductor – the person who deducts or is under an obligation to deduct tax called a deductor
Key facts about Payment of TDS
- TDS Payment is the payment of TDS to the credit of the Government
- TDS payment should be done after the TDS deduction.
- The deductor is responsible for depositing the TDS.
- TDS payment is done monthly.
- TDS payment is made on a specified date (on or before the due date)
Person responsible for depositing the TDS
- Every deductor, who deducts the TDS is required to deposit the TDS amount to the government account on or before the due date
- No deductor can deposit the TDS deducted unless he has a valid TAN.
TAN required for Payment of TDS
TAN or Tax Deduction and Collection Account Number is a 10-digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax.
Thus, TAN is necessary for individuals responsible for tax deductions or collection. It is compulsory for those involved in TDS deductions, payments, and return filings (TDS returns). TAN should be mentioned in all communication with the income tax department.
Bizindigo will help you to apply for TAN to deduct the TDS, TDS payment, and TDS return.
Due Dates for Deposit of TDS
It is important to bear in mind that as a tax deductor, you hold the responsibility of making timely deposits to the government. To help you navigate through this process, here is a brief overview of the payment schedule:
| Deduction for the Month | Due Date For Payment of TDS |
| April | 7th May |
| May | 7th June |
| June | 7th July |
| July | 7th August |
| August | 7th September |
| September | 7th October |
| October | 7th November |
| November | 7th December |
| December | 7th January |
| January | 7th February |
| February | 7th March |
| March | 30th April |
TDS Payment Due Date for the financial year 2024-25 (AY 2025-26)
Due date of deposit of TDS for the Financial year 2024-25 (AY 2025-26).
TDS Payment Calendar 2024-25
| Deduction for the Month | Due Date for Payment (deposit) of TDS |
| April, 2024 | 7th May, 2024 |
| May, 2024 | 7th June, 2024 |
| June, 2024 | 7th July, 2024 |
| July, 2024 | 7th August, 2024 |
| August, 2024 | 7th September, 2024 |
| September, 2024 | 7th October, 2024 |
| October, 2024 | 7th November, 2024 |
| November, 2024 | 7th December, 2024 |
| December, 2024 | 7th January, 2025 |
| March 2025 | 7th February, 2025 |
| February, 2025 | 7th March, 2025 |
| March, 2025 | 30th April, 2025 |
TDS Payment Due Dates for the financial year 2023-24
Due date of deposit of TDS for the FY 2023-24 (AY 2024-25). TDS Payment Calendar 2023-24
| Deduction for the Month | Due Date for Payment (deposit) of TDS |
| April, 2023 | 7th May, 2023 |
| May, 2023 | 7th June, 2023 |
| June, 2023 | 7th July, 2023 |
| July, 2023 | 7th August, 2023 |
| August, 2023 | 7th September, 2023 |
| September, 2023 | 7th October, 2023 |
| October, 2023 | 7th November, 2023 |
| November, 2023 | 7th December, 2023 |
| December, 2023 | 7th January, 2024 |
| January, 2024 | 7th February, 2024 |
| February, 2024 | 7th March, 2024 |
| March, 2024 | 30th April, 2024 |
Due Date of Payment of TDS for AY 2023-24
Due date of payment of TDS for the FY 2022-23 (AY 2023-24). TDS Payment annual calendar 2022-23.
| Deduction for the Month | Due Date for Payment (deposit) of TDS |
| April, 2022 | 7th May, 2022 |
| May, 2022 | 7th June, 2022 |
| June 2022 | 7th July, 2022 |
| July 2022 | 7th August, 2022 |
| August, 2022 | 7th September, 2022 |
| September, 2022 | 7th October, 2022 |
| October, 2022 | 7th November, 2022 |
| November, 2022 | 7th December, 2022 |
| December, 2022 | 7th January, 2023 |
| January, 2023 | 7th February, 2023 |
| February, 2023 | 7th March, 2023 |
| March, 2023 | 30th April, 2023 |
TDS payment due date for March 2024
The due date for payment (deposit) of TDS of March 2024 is 30th April, 2024.
How to Deposit or Pay TDS Online?
Process for Payment of TDS Online
TDS payment is made through various challans like ITNS 281 or 26QB (only specified for TDS on House Property).
Follow the below steps to deposit or pay the TDS online :
- Login to the TIN NSDL website / Portal.
- Select the applicable challan for payment of TDS.
- Fill in the challan details as required for payment of TDS
- Select the correct Financial Year for which you want to pay the TDS
- Select the Correct Assessment Year.
- Select the appropriate Section of TDS under which you have deducted the TDS.
- Select the desired Payment mode (e-payment, Net Banking, or any Other mode).
- Enter your TAN (Issued by the income tax department) in the field specified for it.
- Fill in other details like address, email id, mobile number, etc.
- Post confirmation of challan details, proceed to pay the TDS amount
After successful payment of the challan amount, an acknowledgment will be generated. Keep the payment acknowledgment for record purposes.
Interest on Late Payment of TDS
Failing to deposit the TDS on time leads to a penalty. Thus, Interest is charged as a penalty for non-deposit of TDS within the Due date. Interest is calculated on the TDS amount at the prescribed rate.
The prescribed rate of Interest is summarized in tabular form below:
| Section | Nature of Default | Interest is subject to the TDS amount | Period for which interest is to be paid |
| 201A | From the date on which TDS is deducted to the date on which tax is deducted | At the rate of 1.5% per month | From the date on which TDS is deducted to the date on which tax is actually deducted |
| After deduction non-payment of TDS (either in whole or in part) | At the rate 1.5% per month | From the date of deduction to the date of payment |
TDS Late Payment Interest Calculator
Example-1,
Mr. Sumit has deducted a TDS of Rs 2000 on May 20, 2021. He deposited the TDS amount on the 7th day of July 2021 instead of the 7th of June (the due date of payment of TDS).
So, in this case, he would be liable to pay the interest of Rs 2000 at the rate of 1.5% for the delay in payment of TDS.
TDS Amount: Rs.2000
TDS Deducted on: 20th May
Due Date of Payment: 7th June
Actual Payment Date: 7th July
Interest: Payable: Rs. 90 (2000*1.5%*3)
1.5% Interest per month for the months of May 2021 to Jul 2021 – Rs 90.00
Consult a Tax Expert
BIZINDIGO provides expert guidance related to Tax Filings and TDS Compliance.
We can help you in guiding the applicability of TDS, Payment of TDS, and filing of TDS Returns or TDS Statements as per income Tax Laws. We can also help you with TAN Registration.
Call/WhatsApp: 8851222731