Time Limit to Deposit TDS & TDS Certificate [A.Y.2017-18]

Now, you all know who is responsible to deduct TDS and on which payment they are liable to deduct TDS in our previous articles. But now it is the primary duty of the deducter to deposit TDS to the government account on behalf of deductee/payee. So deductees can claim it on their income tax returns.

Time to Deduct TDS

It should be done at the time of credit to the payee’s account or payment thereof, whichever is earlier.

Tax is to be deducted at source at the time of credit to the payee’s account or on accrual of the payment at the end of the accounting year or at the time of payment in cash or by cheque or draft or any other mode, whichever is earlier.

TDS should be deposited into the Govt. account within the prescribed time along with Challan No.281 or e-payment of TDS through NSDL website.

E-payment of TDS is mandatory for those who are required to get their accounts audited u/s 44AB and all companies. The E-payment can be made by internet  banking, debit card or credit card. See how to pay income tax online?

Time-Limits to Deposit TDS

Where tax is deducted by the office of the Government: 

  • on or before 7 days from the end of the month in which the deduction is made; and
  • on the same day where the tax is paid without production of income tax challan.

In any other cases,

  • on or before 7 days from the end of the month in which the deduction is made; and
  • on or before 30th day of April, where the income or amount is credited or paid in the month of March.

The assessing officer may allow any person to deposit TDS quarterly as given below:

TDS on salaries, or interest other than interest on securities, or insurance commission, or commission or brokerage

  • – 7th July, 7th October, 7th January, 30th April

Time-Limit for Issue of TDS Certificate

Form 16A should be issued within 15 days from the due date for furnishing the statement of tax deducted at source.

Quarter Ending 30th June – Due date 31 July to furnish statement

  • Due date for issue of TDS Certificate is 15th Aug

Quarter Ending 30th September – 31st Oct to furnish statement

  • Due date for issue of TDS Certificate is 15th November 

Quarter Ending 30st December – 31s January to furnish statement

  • Due date for issue of TDS Certificate – 15th February 

Quarter Ending 31st March – 31st May to furnish statement

  • Due date for issue of TDS Certificate is 15th June 

Check Also: Penalty on Failure or Late Payment to Deposit TDS

17 Comments

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  1. Kshounish Chandra Choudhury

    UCO Bank BurdwanRoad Branch Siliguri deducted Income tax from my pension. The amount deducted from Jan to March 2017 has not been reflected in form 26AS till date. Bank says that their consultant has deposited the same. Now what should I do?

  2. Tds has been deducted for the FY 2014-15 by the company on FD on my mothers account who is senoir citizen, I had already filed her return and claimed the refund for that particular year,Though i had informed them about the same they still went ahead and deducted the same.
    Now while following the same with the company they informed that the same was deposited in the year 2014-15, now how can i claim this amount Amount is Rs 512/-
    Co.name is KTDFC. Pl guide on this.

    1. Hello Lalit, I could not able to understand your query completely. Do you want to say that amount of Rs.512 had missed to claim in return???

  3. BHOGENDRA N. CHOUDHARY

    Thanks I have got more information about tax.

  4. BHOGENDRA N. CHOUDHARY

    Thanks this is very informative & interesting website where people will get more knoledge

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