Quick Answer: TDS deposited by deductors is due by the 7th of the month following deduction (e.g., TDS deducted in April → due 7 May), except for March deductions which are due by 30 April. TDS returns (Form 24Q/26Q/27Q) are due quarterly: Q1 — 31 July, Q2 — 31 October, Q3 — 31 January, Q4 — 31 May. TDS certificates (Form 16/16A) must be issued within 15 days of return filing.
TDS Compliance Calendar — What Every Deductor Must Know
TDS compliance involves three distinct obligations: (1) Deducting the correct amount at the right time, (2) Depositing it with the government by the due date, and (3) Filing quarterly returns and issuing certificates. Missing any of these attracts penalties.
TDS Penalty Structure
| Violation | Section | Penalty |
|---|---|---|
| Failure to deduct TDS | 201(1A) | 1%/month interest from payment date to deduction date |
| Late deposit of TDS | 201(1A) | 1.5%/month interest from deduction date to deposit date |
| Late TDS return filing | 234E | ₹200/day (max = TDS amount) |
| Late TDS certificate | 272A(2)(g) | ₹100/day (max ₹1L) |
| Failure to deduct (deliberate) | 271C | Equal to TDS amount |
Frequently Asked Questions
Yes, a TAN (Tax Deduction Account Number) is required for most TDS deductors. The exception is Section 194IA (property purchase TDS), where buyers can use Form 26QB without a TAN.
Form 26AS is the tax credit statement reflecting all TDS/TCS deducted against your PAN. Form 16 is the salary TDS certificate issued by employers (Section 192). Form 16A is for non-salary TDS (bank interest, professional fees, etc.).