TDS Quarterly Return Due Date What is the Filing Procedure and Know about Late Penalty

TDS Quarterly Return Due Date: If you want to know the TDS return due dates and the process of filling TDS returns online, this post is perfect for you. TDS, or tax deduction at source, refers to the amount of tax that must be deducted by a person while making payments to the receiver. The Income Tax Act mandates that TDS must be deposited with the government at a prescribed rate.

It is crucial to understand the TDS return filing procedure and submit returns on time to avoid penalties. This post provides information about TDS quarterly return due dates, the filling process, and the penalty on late TDS payments. As per the regulations, every quarter has its last date for TDS return filing. If you fail to file your returns by these deadlines, you may have to pay a penalty. Therefore, it is advisable to stay updated on these details and ensure timely filing of your TDS returns to avoid any legal consequences.

TDS Quarterly Return Due Date

For the economic year 2024-2025, the third sector TDS Return must be fil by January 31, 2024. This return accounts for all TDS returns submitted between October 1, 2023, and December 31, 2023. In contrast, the deadline for filing a profits tax return is July 31 of every fiscal year. Though earnings tax returns can be filed both online and offline, the deadline for submitting them remains extended. It is crucial to meet these deadlines to avoid penalties or legal consequences. Additionally, online filing may offer faster processing and increased convenience.

Filing TDS tax returns can be stressful, especially when the deadline is approaching. Mistakes in filling out details can lead to income tax notices. It’s important for both businessmen and salaried individuals to file their TDS 2024 Quarterly Returns on time to avoid penalties. Double-checking information before submission is advisable for accuracy and compliance. Seeking help from a tax consultant can ensure correct and timely submission of documents.

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TDS Quarterly Return Due Dat

TDS Quarterly Return Due Date Details

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TDS Payment Due Dates 2024

Quarter Quarter Period Quarter Ending Due Date
First Quarter April to June 30 June 15 July 2023
Second Quarter July to September  30 September 15 October 2023
Third Quarter October to December 31 December 15 January 2024
Fourth Quarter January to March 31 March 15 May 2024

Forms for Filing TDS Returns

Form No.


Form 24Q

Quarterly TDS statement for tax deducted on salary bills.

Form 27Q

Quarterly TDS declaration for tax deducted at the same time as making rate, other than revenue, to non-resident (no longer being a business enterprise) and foreign organization

Form 26Q

Quarterly TDS statement for different cases like TDS deducted on interest fees, interest payments, etc.

As per TDS regulations, the deductor is responsible for providing the challan-cum-statement within 30 days from the end of the month in which TDS is deduct. However, there are some exceptions to this rule where no separate return is required. For instance, if the deductor has already submitted a quarterly TDS return, then there is no need for a separate challan-cum-statement. It’s important to adhere to these guidelines to avoid any penalties or fines imposed by the authorities.

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What is TDS return submitting?

Apart from filing taxes, the deductor is also obligate to record TDS returns. The IT department must receive a quarterly declaration from the TDS return submission. One can file their TDS return through online mode and timely submission of these returns is vital. Upon submitting the TDS returns, details are record on Form 26 AS which serves as proof of tax payment for both the taxpayer and the government. It is crucial to ensure that all necessary details such as PAN numbers and correct tax amounts are accurately mention in the TDS returns to avoid any discrepancies or penalties.

You are familiar with TDS, so you likely have sufficient documentation regarding this announcement to submit to ITD. When submitting the TDS returns, it is important to safeguard the following details.

  • PAN card.
  • Tax amount paid to government
  • TDS challan history

What is TDS Return?

TDS is a component of income tax, where the tax collect on an individual’s earnings is known as TDS. It is subtract from various types of income sources such as salary, interest, or commission on investments, and so on. The ITD, acting on behalf of the government of India, gathers tax via TDS, but this does not cover all profits and transactions.

The ITD (Income Tax Department) has establish certain regulations for the deduction of TDS (Tax Deduct at Source). This means that any entity making a payment is required to deduct a specific amount as TDS. The person or company receiving the payment can obtain a certificate of TDS deduction, which allows them to claim credit for the tax paid on their behalf. However, this claim must be made in the same financial year in which the TDS was deducted. It is important to follow these guidelines to avoid any legal or financial repercussions relate to non-compliance with TDS regulations.

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TDS Deposit Deadlines for Govt and Non-Govt Deductors

Non-Government Deductors

  • The deposit of TDS for each month is require to be made by the 7th of the following month.
  • Exceptions in March: Deductions made during this month will have a closing date extend to 30 April.

Government Deductors

  • Similar to non-government deductors, government deductors are require to deposit TDS using the challan by the 7th of the following month.
  • Book Entry Deposits: Government deductors must deposit the deduct amount on the same day when deductions are made through book access.

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Penalties For Late Filing TDS

The consequences of late filing TDS (Tax Deducte at Source) returns are

Late Filing Fee

If you fail to file your TDS returns or Form 26QB on time, you will be subject to a penalty of INR 200 per day as a past due submitting fee. The challan-cum-declaration Form 26QB is employ to pay TDS on the sale of property and must be submitted within 30 days from the end of the month in which TDS was deduct. Delaying submission can result in the imposition of a penalty, which can accumulate over time and lead to significant financial losses. Therefore, it’s crucial to ensure prompt submission and avoid any penalties or legal complications that may arise. It’s also advisable to keep track of important deadlines and maintain accurate records of all transactions relate to TDS payments.

Minimum Penalty

Submitting the TDS return after a year from the due date can lead to a penalty of INR 10,000, which can escalate up to INR 1,00,000. It is crucial to file your TDS return within the stipulated time frame to stay compliant with tax regulations and avoid penalties. Apart from the late fee mention under section 234E, the penalty for delay submission is separate. If you foresee any delays in filing your TDS return, it is advisable to take necessary steps to address them and prevent penalties. Seeking guidance from a tax professional can help you understand the complexities of TDS returns and ensure compliance with tax laws. They can also assist you in rectifying errors or omissions in your TDS returns and avoid any future complications.

Incorrect Filing

When filing tax declarations, it is crucial to ensure that the information provide, including PAN, Challan, and TDS amount, is accurate. Any discrepancies or errors can result in hefty penalties ranging from INR 10,000 to INR 1,00,000. Thus, it is essential to double-check all details before submitting the declaration to avoid any legal consequences.

Seeking professional assistance from a tax expert or accountant can be beneficial in ensuring that all information provide complies with tax regulations. Professional help can also provide you with valuable insights and tips on how to file your taxes efficiently. Additionally, using digital tools such as online tax calculators and e-filing platforms can simplify the process of filing tax declarations while minimizing errors and inaccuracies. By taking these steps, you can ensure that your tax declarations are accurate and compliant with legal requirements.

Maximum Penalty

Section 271H of the Income Tax Act, 1961 stipulates the penalty for a failure to furnish information or documents relate to international transactions. The penalty amount under this section can range from INR 10,000 to INR 1,00,000 depending on the severity of the non-compliance. It is important for taxpayers engage in international transactions to ensure timely and accurate submission of all require documentation to avoid penalties and legal consequences. Proper record-keeping and compliance with all relevant tax laws can help businesses mitigate their risks and maintain good standing with tax authorities.

How To fill TDS Quarterly Return 2024- An easy procedure

The deadline for filing your TDS quarterly return is fast approaching, and you may be feeling overwhelm with the process. But fear not! Filling out your TDS return doesn’t have to be a headache. In this blog post, we’ll walk you through an easy step-by-step procedure for filling out your TDS quarterly return in 2024. From gathering the necessary information to submitting your return online, we’ll cover everything you need to know to ensure a smooth and hassle-free filing experience. So grab a cup of coffee, sit back, and let’s get start on simplifying the TDS quarterly return process together!

  • Make sure to check out the authorized website of the Income Tax Department at
  • Next, provide your user ID, password, and captcha code, then select the ‘Login’ button located at the bottom.
  • Next, you will encounter the TDS tab. Simply select it, and you will find the option to ‘Upload TDS’ there. Click on it.
  • Next, you will need to verify certain details relate to your TDS Return 2024, then click on the Validate button locate at the bottom.
  • You have the choice to upload your TDS file on the following page.
  • In order to verify your identity for your return, you will need to download the document and then attach your online signature by selecting the add button.
  • Upon swiftly finishing the TDS go-back add process, you will receive a success message confirming the completion of your return filing.

TDS Quarterly Return Due Date FAQ’S

What is 24Q and 26Q due date?

For the quarter ending 30th September, the due date will be 31st October.

What is the last date for TDS filing for Q1 2023 24?

The due date for furnishing the TDS statement for the first quarter (quarter ending June 30) of the Financial Year 2023-24 has been extended from July 31, 2023 to September 30, 2023.

What is quarterly TDS filing?

TDS return filing is a quarterly statement that is to be given to the Income Tax department.

Is TDS return monthly or quarterly?

Quarterly TDS statement for tax deducted on salary bills.

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