TDS Payment Due Dates

TDS Payment due dates

This article deals with due dates for TDS payment by Govt and Non-govt deductors & mode of payment allowed for such remittance.

If you want to understand the complete procedures relating to TDS mechanism, we highly recommend you to read our full article TDS – A Complete Guide before reading this article.

Let’s understand the TDS payment time limit and procedures:

Tax deducted shall be deposited to the credit of Central Govt and TAN number has to be quoted by the deductor in the remittance form.

I. TDS Payment Due date

1) In case deductor is an office of the Government

a) Where tax is paid without production of an income-tax challan – On the same day when tax is deducted (This option is not available for non-govt deductors)

In such case, deductor (Pay and Accounts officer or DDO) shall submit Form-24G (i.e. TDS/TCS book adjustment statement) to DGIT (Systems) either by way of electronically under digital signature (or) electronically along with the verification of the statement in Form 27A within the following time period.

For the month of March – on or before the 30th day of April

Other Cases – on or before 15 days from the end of the relevant month.

And deductor shall intimate the Book Identification Number generated by the agency to each of the deductors in respect of whom the sum deducted has been credited.

b) Where tax is paid accompanied by an income-tax challan – On or before 7 days from the end of the month in which the deduction is made or income-tax is due

2) In case of any other deductor

a) Where the amount is credited or paid in the month of March – On or before 30th day of April

b) In any other case – On or before 7 days from the end of the month in which the deduction is made or income-tax is due

But the above mentioned time limits in 1 & 2 are not applicable for payments made by both for govt and non-govt deductors u/s 194IA,194IB & 194M.

Any sum deducted under section 194-IA (i.e. TDS on sale of immovable property) shall be paid electronically to the credit of the Central Government within a period of 30 days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QB.

Similarly, any sum deducted under section 194-IB (i.e. TDS on rent by Individual/HUF) shall be paid electronically to the credit of the Central Government within a period of 30 days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QC.

Similarly, any sum deducted under section 194-M (i.e. TDS on works contract by Individual/HUF) shall be paid electronically to the credit of the Central Government within a period of 30 days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QD.

II. Mode of deposit – TDS

Taxes deducted at source by the deductors (both govt and non-govt) shall be deposited to the credit of the Central Government in following modes:

1. E-Payment

E-Payment is mandatory for:

a) All the corporate assesses.

b) All assesses (other than company) to which provisions of section 44AB of the Income Tax Act, 1961 are applicable.

2. Physical Mode

 Any other person not covered under mandatory e-payment, by furnishing the Challan No. 281 (ITNS-281) in the authorized bank branch.

3. Quarterly payment of TDS in special cases

Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H and time limits are as follows:

For a quarter ending with	Due Date
30th June	7th July of the Financial Year
30th September	7th October of the Financial Year
31st December	7th January of the Financial Year
31st March	30th April of the Financial Year immediately following the financial year in which deduction is made

Read also full article on TDS: Tax Deduction at Source – A complete guide