TDS Statutory Compliance Schedule: Monthly Deposits & Quarterly Returns

टीडीएस अनुपालन कैलेंडर एवं समय सीमा

Comprehensive guide to withholding tax deadlines under Chapter XVII-B of the Income Tax Act: monthly tax remittance deadlines (7th of following month), quarterly statement filings (Form 24Q/26Q), and TRACES certificate issuance deadlines.

Written by: Author Profile

Direct Tax & CA Review Panel

Chartered Accountancy Review Panel • Senior Direct Tax Review Desk

Reviewed & Fact-Checked by: Technical Review Panel

Tax Law & Dispute Review Desk

Tax Litigation & Legal Review Panel • Tax Appeal & Procedure Review Desk

Published: 1st April 2026•Last Updated: 15th August 2026•Last Reviewed: 15th August 2026

Key Statutory Highlights (FY 2026-27 (AY 2027-28))

7th of Every Month: Monthly TDS deposit via Challan ITNS 281 for tax deducted in the preceding month (except March deductions, which are due by 30th April).

Quarterly Return Deadlines: Q1 (31st July), Q2 (31st October), Q3 (31st January), Q4 (31st May).

15 Days from Return Due Date: Mandatory statutory deadline for issuing Form 16A TDS certificates to deductees.

Late fee: ₹200 per day under Section 234E for every day of delay in filing quarterly returns.

Interest on Default: 1% per month for delay in deduction; 1.5% per month for delay in remittance after deduction under Section 201(1A).

Who is Eligible & When Does it Apply?

Applicability #1

All corporate deductors, firms, LLPs, and audited individual proprietors holding a valid TAN.

Step-by-Step Procedure & Compliance Roadmap

Deduct Tax at Invoice Entry / Payment

Calculate statutory rate and record withholding in accounts.

Remit Monthly TDS by 7th

Pay online on the Income Tax e-filing portal via e-Pay Tax.

Compile Quarterly Deductee Records

Match challans and validate PANs using NSDL FVU utility.

Upload Quarterly Return & Issue Form 16A

Submit return on income tax portal and download signed Form 16A from TRACES within 15 days.

Mandatory Documents Checklist

TAN Number, Monthly ITNS 281 Challan BSR codes & Challan serials, Valid PAN list of deductees

Common Mistakes & Compliance Risks to Avoid

•Delaying TDS deposit past the 7th, attracting heavy 1.5% per month interest.

•Not issuing Form 16A within 15 days of return filing.

Frequently Asked Questions

What is the interest rate for late deposit of TDS?

Under Section 201(1A), interest is charged @ 1.5% per month (or part of month) from the date of deduction to the actual date of deposit.

Interactive Tax Calculators

TDS Calculator

Related Tax Knowledge

Quarterly TDS Returns Interactive Compliance Calendar

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🛡️ Educational Disclaimer: FinSetu India is an independent educational guidance and calculation platform. Content is published for general citizen awareness based on applicable laws as of FY 2026-27 (AY 2027-28). We do not provide personalized legal/tax advice or file returns directly. Verify current applicable rules on official portals or consult a qualified Chartered Accountant / Tax Lawyer.