Time Limit to Deposit TDS and to file TDS Return

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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.

TDS due date for payment

TDS Due Date For Payment

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.

Period Quarter Due Dates
April 1st Quarter 07th May
May 1st Quarter 07th June
June 1st Quarter 07th July
July 2nd Quarter 07th August
August 2nd Quarter 07th September
September 2nd Quarter 07th October
October 3rd Quarter 07th November
November 3rd Quarter 07th December
December 3rd Quarter 07th January
January 4th Quarter 07th February
February 4th Quarter 07th March
March 4th Quarter 30th April
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)

Also Read- Know the Interest penalties for late payment of TDS and late filing of TDS return

TDS due date for return filing (E-filing of TDS Return)

TDS Due Date for Return Filing

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.

Quarter Month Due Date
1st Quarter April-June 31st July
2nd Quarter July-September 31st October
3rd Quarter October-December 31st January
4th Quarter January-March 31st May
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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.

FAQs

Some FAQs
  1. 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

  2. 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.

Feedback/Suggestion- Hope you all find it useful, please give your valuable feedback & let us know if there is an error. Thanks in Advance

Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)


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