TDS/TCS Return E-filling and Depositing Due Dates For FY 2021-22

TDS/TCS Return E-filling Due Dates For FY 2021-22

Depositing TDS/TCS and E-Filling TDS/TCS Return is important compliance as per the Income Tax Act. This Article Deals with the due date for timely deposit of TDS & TCS and Due date of filing TDS/TCS Return. Additionally, we shall also provide a due date for issuing TDS/TCS Certificates.

You May Also Refer:

TDS Rate applicable for Financial Year 2021-22

TCS Rate applicable for Financial Year 2021-22

TDS Depositing Due Dates For FY 2021-22

Where tax is deducted by the office of the Government:

S. No.	Particulars	Due Date
1.	Tax Deposited without Challan	Same Day
2.	Tax Deposited with Challan	7th of next month

Other Case:

S. No.	Particulars	Due Date
1.	TDS for the month of March 2021	30th April of Next Year
2.	TDS for other months	7th of next month

TCS Depositing Due Dates For FY 2021-22

Where tax is deducted by the office of the Government:

S. No.	Particulars	Due Date
1.	Tax Deposited without Challan	Same Day
2.	Tax Deposited with Challan	7th of next month

Other Case:

7th of next month

TDS Return Filing Due Dates For FY 2021-22

Quarter	Particulars	Due Date
1	April to June	31st July
2	July to September	31st October
3	October to December	31st January
4	January to March	31st May

TCS Return Filing Due Dates For FY 2021-22

Quarter	Particulars	Due Date
1	April to June	15th July
2	July to September	15th October
3	October to December	15th January
4	January to March	15th May

Time-Limit for Issue of TDS Certificate Form 16/Form 16A

Form 16A TDS Certificate should be issued with 15 Days of filing of TDS Return.

The Due Dates are as follows:

Quarter	Particulars	Due Date
1	April to June	15th August
2	July to September	15th November
3	October to December	15th February
4	January to March	15th June

Form 16A TDS Certificate for the complete Financial Year should be issued within 15 days from the date of filing of TDS Return for the Quarter of January to March. Therefore the Due date for issuing the Form 16 TDS Certificate for a Financial Year is  15th June.

Time-Limit for Issue of TCS Certificate Form 27B

Form 27B TDS Certificate should be issued with 15 Days of filing of TCS Return.

The Due Dates are as follows:

Quarter	Particulars	Due Date
1	April to June	30th July
2	July to September	30th October
3	October to December	30th January
4	January to March	30th May

Interest on late payment of TDS

Non-Deduction of TDS

• Rate of Interest: 1% pm for a month or part of the month.

Late payment of TDS after deduction

• Rate of Interest: 1.5% pm for a month or part of the month.

Other Points to be noted:

• The interest should be paid before filing of TDS return.
• This amount is to be paid from the date at which TDS was deducted, not from the date from which TDS was due.
• Tax deducted under section 194-IA (TDS on the immovable property), Section 194-IB (TDS on rent) & Section 194M (TDS on a certain sum paid by an Individual/HUF) should be paid to the credit of the Government on or before 30 days from the end of the month in which deduction is made.

Example of Calculation of Interest:

For example, say that you have to deduct a TDS amount is Rs 5000 and the due date of the deduction is 11th January. Say you deduct TDS on 25th May and Pay TDS on 2nd November. Then the interest you owe is Rs. 700/- [(Rs 5000 x 1% p.m. x 5 months) + (Rs 5000 x 1.5% p.m. x 6 months)].

Date for Calculation of Interest

For example, let the due date of TDS payment by 7th June and you have deducted TDS on 11th May. Say you have not deposited TDS by 7th June. Then you will be required to pay interest starting from 11th May and not 7th June.

Penalty for late filing of TDS Return

Penalty (Sec 234E): Deductor will be liable to pay the way of fee of Rs. 200 per day till the failure to pay TDS continues. However, the penalty should not exceed the total amount of TDS deducted for which statement was required to be filed.

Penalty (Sec 271H): Assessing officer may direct a person who fails to file the statement of TDS within due date to pay a penalty minimum of Rs.10,000 which may be extended to Rs. 1,00,000.

Interest on late payment of TCS

• Rate of Interest: 1% pm for a month or part of the month

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