TDS/TCS compliance, including payment and filing deadlines for the 4th quarter of FY 2023-24 and each quarter of FY 2024-25.
TDS Payment Due Dates
FY 2023-24: 4th Quarter (January - March 2024)
- For Government Deductors: Due by 7th April 2024.
- For Other Deductors: Due by 30th April 2024 for March deductions.
FY 2024-25 Payment Deadlines
- For Government Deductors: 7th of the subsequent month for each month.
- For Other Deductors: 7th of the subsequent month for each month except for March, which is due by 30th April 2025.
TDS/TCS Filing Due Dates
FY 2023-24: 4th Quarter (January - March 2024)
- Forms 24Q, 26Q, 27Q: Due by 31st May 2024.
- Form 27EQ: Due by 15th May 2024.
FY 2024-25: Quarterly Filing Deadlines
- Q1 (April - June 2024):
- Forms 24Q, 26Q, 27Q: 31st July 2024.
- Form 27EQ: 15th July 2024.
- Q2 (July - September 2024):
- Forms 24Q, 26Q, 27Q: 31st October 2024.
- Form 27EQ: 15th October 2024.
- Q3 (October - December 2024):
- Forms 24Q, 26Q, 27Q: 31st January 2025.
- Form 27EQ: 15th January 2025.
- Q4 (January - March 2025):
- Forms 24Q, 26Q, 27Q: 31st May 2025.
- Form 27EQ: 15th May 2025.
Penalties and Interest for Non-Compliance
- Late Filing Fees: Rs. 200 per day until the return is filed, not exceeding the TDS amount.
- Penalty under Section 234E: Charged at Rs. 200 per day of delay until the TDS/TCS is paid, capped at the TDS amount.
- Penalty under Section 271H: A minimum of Rs. 10,000 and a maximum of Rs. 1,00,000 for incorrect filings or failure to file.
Interest for Late Payment
- Section 201(1A)(i): Interest at 1% per month for failure to deduct TDS.
- Section 201(1A)(ii): Interest at 1.5% per month from the date of deduction to the date of payment for delay in depositing TDS after deduction.
Note
- All TDS/TCS returns must be filed electronically, and these returns must be verified either through a digital signature or via an Electronic Verification Code (EVC).
This detailed compliance calendar should assist in managing your TDS/TCS obligations systematically throughout the 4th quarter of FY 2023-24 and the entire FY 2024-25.
TDS Payment and Filing Due Dates
| Financial Year | Quarter | Period | TDS Payment Due Date (Govt.) | TDS Payment Due Date (Others) | TDS/TCS Return Due Date (Forms 24Q, 26Q, 27Q) | TCS Return Due Date (Form 27EQ) |
|---|---|---|---|---|---|---|
| 2023-24 | 4th Quarter | Jan - Mar 2024 | 7th April 2024 | 30th April 2024 | 31st May 2024 | 15th May 2024 |
| 2024-25 | 1st Quarter | Apr - Jun 2024 | 7th July 2024 | 7th July 2024 | 31st July 2024 | 15th July 2024 |
| 2024-25 | 2nd Quarter | Jul - Sep 2024 | 7th October 2024 | 7th October 2024 | 31st October 2024 | 15th October 2024 |
| 2024-25 | 3rd Quarter | Oct - Dec 2024 | 7th January 2025 | 7th January 2025 | 31st January 2025 | 15th January 2025 |
| 2024-25 | 4th Quarter | Jan - Mar 2025 | 7th April 2025 | 30th April 2025 | 31st May 2025 | 15th May 2025 |
