Every person who are responsible to deduct TDS or Collecting TCS shall furnish a quarterly statement/return and deposit TDS for the period ending on 30th June, 30th September, 31st December and 31st March of each financial year.
Here is the complete detail about TDS returns/statement due dates and deposit TDS due dates.
TDS Returns/Statements Due Dates (F.Y.2017-18/A.Y. 2018-19)
|Quarter Ending||Due Date|
|30th June 2017||31st July 2017|
|30th September 2017||31st October 2017|
|31st December 2017||31st January 2018|
|31st March 2018||31st May 2018|
TDS Payment Due Dates (F.Y.2017-18/A.Y.2018-19)
|Month Ending||Due Date|
|April 2017||7th May 2017|
|May 2017||7th June 2017|
|June 2017||7th July 2017|
|July 2017||7th August 2017|
|August 2017||7th September 2017|
|September 2017||7th October 2017|
|October 2017||7th November 2017|
|November 2017||7th December 2017|
|December 2017||7th January 2018|
|January 2018||7th February 2018|
|February 2018||7th March 2018|
|March 2018||30th April 2018 (for other deductors)
7th April 2018 (for Govt Deductors)
TDS Certificate Issuance Due Dates
TDS certificate i.e. form 16A for each quarter is to be issued within 15 days from the due date for furnishing the statement/returns of TDS. i.e 15th August, 15th November, 15th February, 15th June.
In the case of TDS on salary, From No.16 and 12BA (wherever applicable) will will be issued by 31st May.
In the case of TDS on Transfer of immovable property other than rural agricultural land u/s 194IA, Form No.16B within 15 days from the due date of furnishing the Challan cum Statement in Form No.26QB.
|Quarter Ended||Due Date|
|30th June 2017||15th August 2017|
|30th September 2017||15th November 2017|
|31st December 2017||15th February 2018|
|31st March 2018||15th June 2018|
You should deposit TDS or file TDS return on time as specified above otherwise late filing of returns and deposit of TDS attract late filling fees, interest and penalty.
Penalty for Late Filing of Returns/Statement
You have to pay Rs.200 per day of delaying TDS returns/Statement under section 234E. For Example: If penalty/fee is Rs. 3000 but TDS is Rs. 2000 then you have to pay Rs.2000.
Interest on Late Payment or Non Deduction of TDS
The following provision for latest payment of deposit TDS or deduct TDS comes under section 201A.
|Fail to deduct TDS||1% per month from the date of tax liable to deduct to the date tax actually deducted|
|Fails to deposit TDS||1.5% per month from the date of deduction to the date of actual payment|
See Also: How to file TDS Return?