TDS Return Filing Due Dates for FY 2024-25 – Complete Schedule

TDS Return Filing Due Dates for FY 2024-25

Tax Deducted at Source (TDS) is one of the most critical compliance obligations for Indian businesses. Every entity that deducts tax at source must deposit the TDS with the government and file quarterly returns. Missing these deadlines attracts hefty penalties and interest.

Monthly TDS Deposit Deadlines

TDS deducted during a month must be deposited by the 7th of the following month. For TDS deducted in March, the deadline extends to 30th April. Government deductors have until the 7th of the following month without exception.

Quarterly TDS Return Due Dates (FY 2024-25)

Types of TDS Returns

• Form 24Q: TDS on salary payments – filed quarterly by employers
• Form 26Q: TDS on non-salary payments to residents (rent, professional fees, contract payments, etc.)
• Form 27Q: TDS on payments made to non-residents (excluding salary)
• Form 27EQ: Tax Collected at Source (TCS) return

TDS Certificate Issuance Deadlines

After filing TDS returns, deductors must issue TDS certificates to deductees:

Penalties for Non-Compliance

TDS compliance failures attract multiple penalties under the Income Tax Act:

1. Late filing fee (Section 234E): ₹200 per day of delay until the fee equals the TDS amount
2. Penalty (Section 271H): Minimum ₹10,000 and maximum ₹1,00,000 for failure to file TDS return within one year of the due date
3. Interest on late deposit: 1.5% per month from the date of deduction to the date of deposit under Section 201(1A)
4. Disallowance of expense: 30% of the expense is disallowed under Section 40(a)(ia) if TDS is not deducted or deposited

Common Mistakes in TDS Filing

• Using incorrect PAN of the deductee, leading to demand notices
• Applying wrong TDS section codes for different payment types
• Not matching challan amounts with return amounts
• Missing lower deduction certificate details under Section 197
• Not filing correction returns for errors in original returns

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