Due Dates for Deposit of TDS
Introduction
Tax deducted at source (TDS) must be deposited with the Central Government within the prescribed due dates.
Due Dates for Government Deductors
Without Challan: Deposit tax on the same day it is deducted.
With Challan (ITNS 281): Deposit tax by the 7th of the following month.
Due Dates for Other Deductors
For TDS deducted from April to February: Deposit by 7th of the following month.
For TDS deducted in March: Deposit by 30th April.
Specific TDS Deposit Timelines
|
Nature of Deduction |
Form for Deposit |
Due Date |
|
Immovable Property (Sec 194-IA) |
Within 30 days from the month-end |
|
|
Rent by Individual/HUF (Sec 194-IB) |
Within 30 days from the month-end |
|
|
Payments to Contractors/Professionals (Sec 194M) |
Within 30 days from the month-end |
|
|
Virtual Digital Assets (Sec 194S) by Specified Person |
Within 30 days from the month-end |
Quarterly TDS Payment (Applicable in Special Cases)
The Assessing Officer may allow quarterly TDS payment for salaries, interest, insurance commission, and brokerage.
For Q1–Q3: Deposit by the 7th of the following quarter.
For Q4: Deposit by 30th April.
Mode of TDS Payment
Corporate and tax audit cases: Electronic payments (net banking/debit card).
Other deductors: Deposit via RBI, SBI, or authorised banks.
Consequences of Non-Payment
Failure to deposit TDS results in: Interest & penalties and prosecution under Section 276B.