Due Date for TDS and TCS Returns

Due date for TDS and TCS Returns
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Last updated on July 31st, 2022 at 11:05 am

Due Dates of TDS & TCS Returns for FY 2022-23

QuarterTDS Return Due Date TCS Return Due Date
Apr 2022 to Jun 202231st Jul 202215th Jul 2022
Jul 2022 to Sep 202231st Oct 202215th Oct 2022
Oct 2022 to Dec 202231st Jan 202315th Jan 2023
Jan 2023 to Mar 202331st May 202315th May 2023

Due Dates of TDS & TCS Returns for FY 2021-22

QuarterTDS Return Due DateTCS Return Due Date
Apr 2021 to Jun 202131st Jul 202115th Jul 2021
Jul 2021 to Sep 202131st Oct 202115th Oct 2021
Oct 2021 to Dec 202131st Jan 202215th Jan 2022
Jan 2022 to Mar 202231st May 202215th May 2022

Due Dates of TDS & TCS Returns for FY 2020-21

QuarterTDS Return Due DateTCS Return Due Date
Apr 2020 to Jun 202031st Mar 202131st Mar 2021
Jul 2020 to Sep 202031st Mar 202131st Mar 2021
Oct 2020 to Dec 202031st Jan 202115th Jan 2021
Jan 2021 to Mar 202131st May 202115th May 2021
Note: Considering the COVID-19 pandemic, the due dates for furnishing the TDS returns & TCS returns for Q1 & Q2 were extended vide a CBDT Notification dated 24th June 2020. 

What is the due date for the payment of TDS?


TDS returns are to be furnished quarterly but the TDS payment to the credit of the Government needs to be done monthly. The due date for payment of TDS is generally the 7th day of the next month. The only exception to this is 30th April for the month of March.

What is the due date for the payment of TCS?


TCS returns are to be furnished quarterly but the TCS payment to the credit of the Government needs to be done monthly. The due date for payment of TCS is generally the 7th day of the next month.

What will be the interest in case of delay in deposit of TDS?

As per section 201(1A), in case of delay in deposit/ remittance of tax after deduction interest @1.5% for every month or part of a month will be levied. 

What will be the interest in case of failure/delay to deduct TDS?


As per section 201(1A), in case of delay in failure/delay in deduction of tax interest @1% for every month or part of a month will be levied. 

What is the late fees applicable for delay in furnishing TDS/TCS returns?


Late fees for delay in furnishing TDS/TCS returns are covered u/s 234E of Income Tax Act,1961.
If Quarterly TDS returns or TCS returns are not furnished within the prescribed due date then late filing fees of Rs 200 per day shall be levied for the period the failure continues.

Note: The amount of late fees shall not exceed the amount of TDS/TCS.

What is the penal provision for TDS/TCS return?


Penal provision for TDS/TCS returns is covered u/s 271H of Income Tax Act,1961.
If the taxpayer fails to furnish the TDS/TCS return or furnishes incorrect information in the TDS/TCS return. Penalty u/s 271H shall not be less than Rs. 10,000/- but may extend to Rs. 1,00,000/-.

Click here to understand how the taxpayer can apply for relief/relaxation from the penalty under section  271H

CA Ankita Khetan
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Disclaimer: The above content is for general info purpose only and does not constitute professional advice. The author/ website will not be liable for any inaccurate / incomplete information and any reliance you place on the content is strictly at your risk.

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2 Comments

  1. Due date for TCS payment of Mar’21 is 07/04/2021 and not 30/04/2021.

    Unlike TDS, there is no relaxation given for TCS for the month of March and the same needs to be paid by 7th April of the following previous year.

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