TDS deducted in a month must generally be deposited by the 7th of the following month (30 April for March deductions). Quarterly TDS returns are due on 31 July, 31 October, 31 January and 31 May.
Penalties to avoid
- Interest on late deduction and late deposit
- Late filing fee of Rs 200 per day under Section 234E, limited to the TDS amount
- Disallowance of expenses in certain cases
Issue Form 16/16A on time so deductees can claim credit. We can manage your entire TDS compliance calendar.