Monthly TDS/TCS Payment Deadlines

• TDS and TCS deducted in a month must be deposited by the 7th of the following month.
  
• For deductions in March, the due date is April 30 for government deductors and April 30 or earlier for non-government deductors depending on type.
  
• Payments are made using Challan 281, quoting the correct TAN and section codes.
  

Quarterly TDS Return Filing Deadlines

• Form 24Q, 26Q, 27Q for TDS and Form 27EQ for TCS must be filed quarterly.
  
• The due dates are:
  
  • Q1 (Apr–Jun): July 31
    
  • Q2 (Jul–Sep): October 31
    
  • Q3 (Oct–Dec): January 31
    
  • Q4 (Jan–Mar): May 31
    

Issuance of TDS/TCS Certificates

• Form 16A (non-salary) must be issued within 15 days from the due date of the TDS return.
  
• Form 16 (salary) must be issued by June 15 following the end of the financial year.
  
• Form 27D for TCS must also be issued within 15 days after the return filing date.
  

Correction Statement Filing

• Corrections to TDS/TCS returns can be filed anytime after the original return is processed.
  
• There is no fixed deadline, but early correction helps prevent interest, penalties, and mismatch issues.
  
• Corrections are submitted through the TRACES portal using validated files.
  

Penalty and Interest Timeline

• Late filing fee under Section 234E accrues at ₹200 per day until the return is filed.
  
• Penalty under Section 271H may apply if returns are not filed within 1 year of the deadline.
  

Interest on late TDS deposit is charged at 1% or 1.5% per month depending on the delay and nature of default.