Due Date of TDS Payment and Return For AY 2022-23
If the return is not filed in time, then as per section 234E the deductor will have to pay the late fee of Rs. 200 per day
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TDS Return and Forms
If the return is not filed in time, then as per section 234E the deductor will have to pay the late fee of Rs. 200 per day
Form no. 16A is also a TDS certificate, it is applicable for TDS on income other than salary.
Form 16 is a salary TDS certificate, which is issued to a salaried employee, whose salary is liable for TDS deduction every year.
Form 26Q is a quarterly statement of deduction of tax under section 200 (3) of the Act. This form is filed in respect of non-salary payments e.g. TDS on interest, TDS on contract, TDS on professional fees, etc.
When an employer pays salary to an employee, the employer is required to deduct TDS u/s 192. The employer has to file a salary TDS return in form 24Q, which needs to be submitted on a quarterly basis.
If the return is not filed in time, then as per section 234E the deductor will have to pay the late fee of Rs. 200 per day
If payment of TDS is not made in the specified time or/and return filing of TDS is not complete before the due date then the Income Tax act imposed interest and penalties for the default made by the deductor.
Form 24Q, Form 26Q, Form 27A, Form 16, and Form 16A.