TDS Return Due Date & Late Fee, Penalty[2025]

TDS Return Due Date: A Comprehensive Guide

This article serves as a complete guide on TDS return due dates, the filing process, and the consequences of non-filing. It provides detailed insights into the required documents, different TDS forms, penalties for late filing, and best practices for compliance.

The concept of TDS was introduced to collect tax at the very source of income. Under this system, a person or entity (known as the deductor) responsible for making certain payments to another person (the deductee) must deduct tax before making the payment and then deposit it with the Central Government. The deductee, from whose income tax has been deducted, can claim credit for the amount deducted based on Form 26AS or the TDS certificate issued by the deductor.

Therefore, any entity or individual making specified payments such as salaries, rent, professional fees, interest, and commissions exceeding prescribed limits must deduct tax at the applicable rates and deposit it with the government.

The deducted TDS must be deposited monthly, and the deductor is required to file a quarterly TDS return, providing details of tax deductions and payments. Filing TDS returns on time is crucial to avoid penalties and ensure compliance with tax laws.

tds-return due date

Due Date of TDS Return

TDS returns must be filed quarterly, and the due dates vary based on the quarter in which the deduction was made. Below are the due dates for different quarters:

QuarterMonthDue Date of Filing TDS Return
Q 1April-June31st July
Q 2July-September31st October
Q 3October-December31st Jan
Q 4January-March31st May

TDS Return Filing Due Dates for FY 2024-25

As per the Income Tax Laws, TDS is paid every month, whereas TDS Return or TDS Statement is filed every quarter. Quarter-wise due dates of TDS Return are summarized below.

QuarterMonthDue Date of Filing TDS Return
1st QuarterApril 2024 to June 202431st July, 2024
2nd QuarterJuly, 2024 to Sep, 202431st October, 2024
3rd QuarterOctober 2024 to December, 202431st January, 2025
4th QuarterJanuary 2025 to March 2025October 2024 to December 2024

It is important to note that these deadlines apply to all deductors, including businesses, companies, and government entities.

TDS Return Due Date for AY 2022-23 [FY 2022-23]

Various Due Dates of filing TDS Return for FY 2022-23 & AY 2023-24.

QuarterMonthDue Date of Filing TDS Return
1st QuarterApril, 2022 to June, 202231st July, 2022
2nd QuarterJuly, 2022 to Sep, 202231st October, 2022
3rd QuarterOctober, 2022 to December, 202231st January, 2023
4th QuarterJanuary, 2023 to March, 202331st May, 2023

Consequences of Late Filing of TDS Returns

A late filing fee is a penalty for not filing of TDS Return within the Due date (after payment of TDS). In that case, a late fee of Rs.200 per day will be charged from the due date of furnishing the TDS return until the filing is made.

Thus, failing to file TDS returns within the prescribed time can result in penalties and interest charges, including:

  1. Late Filing Fee (Section 234E) – A fine of ₹200 per day is levied until the return is filed, subject to a maximum of the TDS amount.
  2. Penalty (Section 271H) – If the TDS return is not filed within one year from the due date, a penalty ranging from ₹10,000 to ₹1,00,000 may be imposed.
  3. Interest on Late Payment (Section 201(1A)) – Interest at the rate of 1% per month is charged for late deduction and 1.5% per month for late deposit of TDS.

However, the amount of late filing fees will be limited to the extent of TDS amount.

For example, Mr. Shubham has to pay a TDS of Rs.5000 on May 20. In that case, TDS payment falls under the 1st quarter (April – June). Therefore, he is required to file the TDS return on 31st July, but he furnishes the same on 10th September.

So, the late filing fee can be calculated as @200*41 days= Rs.8200 but the payable late filing fee would be to the extent of Rs. 5000, not 8200 (i.e., equal to the TDS amount).

Penalty for not filing of TDS Return

The penalty is levied under two sections:

  • Penalty under section 243E – The deductor will be liable to pay a fee of Rs.200 per day till the failure to pay TDS continues.
  • Penalty under section 271H – it is in addition to the penalty under section 243E & it is the penalty for both late filing & incorrect filing of TDS.

No penalty under section 271H will be levied in case of delay in filing the TDS return if the following conditions are satisfied by the deductor:

  • The TDS is paid to the credit of the Government.
  • Late filing fees and interest (if any) on TDS is paid to the credit of the Government.
  • The TDS return is filed before the expiry of a period of one year from the due date specified in this behalf

Types of TDS Returns and Their Applicability

Different types of TDS returns are required depending on the nature of payment and deduction. The most commonly filed TDS returns include:

  • Form 24Q – For TDS on salary payments
  • Form 26Q – For TDS on non-salary payments (e.g., professional fees, rent, contract payments)
  • Form 27Q – For TDS deducted on payments made to non-residents (other than salary)
  • Form 27EQ – For Tax Collected at Source (TCS)

Documents Required for TDS Filing

To successfully file a TDS return, the following documents and details are required:

  • TAN (Tax Deduction and Collection Account Number) of the deductor
  • PAN details of the deductor and deductees
  • Challan details for TDS payment, including Challan Identification Number (CIN)
  • TDS deduction details, including the amount deducted and date of deduction
  • Category of payment, such as salary, rent, professional fees, commission, interest, etc.
  • Form 16/16A for providing a certificate of TDS deduction to the deductee
  • Bank statements for verifying TDS payments

Best Practices for timely TDS Compliance

  • Deduct TDS at the time of making payments as per applicable rates.
  • Deposit the deducted TDS by the 7th of the following month to avoid interest.
  • File returns on or before the due date to prevent penalties.
  • Maintain proper records of TDS deductions and payments for audit and verification purposes.

How to file a TDS Return Online?

Steps to file TDS Return online

To ensure timely compliance, follow these steps to file TDS returns online:

1. Prepare TDS Return File – Use the Return Preparation Utility (RPU) provided by NSDL to generate the .fvu file.

2. Validate the File – Use the File Validation Utility (FVU) to check for errors.

3. Login to your account at the Income Tax Portal using TAN

4. Upload on Income Tax Portal – Log in to the Income Tax Portal using TAN and upload the return.

5. E-Verify the Return – eVerify the return using the options available such EVC, Aadhaar OTP and Digital Signature

6. Acknowledgement Receipt – Upon successful submission, an acknowledgement number is generated for tracking.

Make sure that your TDS Return has been properly filed.

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 Statement as per the Tax Laws. We can also help you with TAN Registration.

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