TDS Return Forms:
The following TDS Forms are used for following purpose quarterly return
| Form Number | Purpose of Use |
| Form 24Q | Quarterly TDS statement for tax deducted on salary payments. |
| Form 26Q | Quarterly TDS statement for other cases like TDS deducted on professional fees, interest payments, etc.(Other than salary) |
| Form 27Q | Subtraction of tax from dividend, interest or any other amount payable to non-residents |
| Form 27EQ | Quarterly return for TCS collection |
Due Dates for Deposited to Govt:
- According to Section 200 of the Income Tax Act of 1961, the tax deductor must deposit the TDS to the government within the prescribed time period.
- According to current income tax regulations, the tax deductor must deposit the tax with the government by the seventh day of the next month.
- The due date for taxes that were deducted in March is different for the government and other deductors
The below table is given TDS deposit due dates to govt within time period
| Particulars | Due date of Deposite |
| April-February | 7th of Next following next Month |
| March month | 30th April |
Due date for TCS deposited to Govt.:
| TCS Collected Month | TCS Due date |
| During the April to February months | 7th of Next Month |
| March Month | 7th April of Next Financial Year |
Due Date for Filing TDS Returns:
| Quarter | Due Date for Return |
| April to June | 31st of July |
| July to September | 31st of October |
| October to December | 31st of October |
| January to March | 31st of May |
Due Date to File TCS Returns:
| Quarter period | TCS Return Due Date |
| April-June | 15th July |
| July-September | 15th October |
| October-December | 15th January |
| January-March | 15th May |
Due date for Issue of TDS Statement:
Form 16A are issued on following dates
| Particulars | Due Date |
| April-June | 15th August |
| July-September | 15th November |
| October-December | 15th February |
| January-March | 15th June |
Penalties on TDS/TCS Return After Filing Due Date
Interest and late fees for non deduction and late filing of TDS return
| Particulars | Rate of Interest/Penalty |
| When TDS not deducted | 1% per month or part of the month |
| TDS deducted but not Deposited to the Government | 1.5% per month or part of the month |
| Late filing of TDS Return | As per Section 234E, Late fee is 200 per day but not exceeds TDS amount |
Penalty for TDS Return:
As per Section 271H penalty which may range between a minimum of Rs.10,000 and a maximum of Rs.1 lakh shall be applicable in case wrong details have been submitted, such as incorrect PAN, incorrect tax amount, etc.
