As per Income Tax Act, 1961 every person or company making some payment of specified nature, is required to deduct TDS at specified rates. After that, the same needs to be deposited, and the return of TDS is required to be filed before the due date. Here in this post, we are discussing the TDS due date for payment and the TDS due date for filing of return.
The due dates for payment of TDS are the 7th of next month in which TDS is deducted/credited and for the month of March, it is 30th April. For easy considerations of the viewer, here is the tabulated chart of TDS Due Date for Payment.
TDS Due Date For Payment
Note:- If the payment of TDS is not made in time then the same will be charged at the rate of 18% p.a. (i.e. 1.5% per month)
TDS due date for return filing (E-filing of TDS Return)
TDS due dates for return filling- In the above table, we show that the payment of TDS is made monthly although the return of TDS is filed quarterly. The due dates for return filing of TDS are the last date of the month after quarter-end, and for the last quarter, the due date is 31st May. For easy considerations of the viewer, here is the tabulated chart showing the TDS due date for return filing.
Note:- If the return is not filed in time, then the deductor will be liable to pay the fee of Rs. 200 per day till the failure to file the return and it is subject to the maximum amount of TDS for which the statement needs to be filed.
What is the TDS payment due date?
The TDS due date for payment is the 7th of next month in which TDS is deducted/credited and for the month of March, it is 30th April
What is the due date for payment of TDS for March 2020?
Normally, the due dates for payment of TDS are the 7th of next month in which TDS is deducted/credited and for the month of March 2020, there is no change for the due date and it is 30th April.
Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
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