Quick answer: TDS returns are quarterly statements filed by deductors: Form 24Q for salaries, 26Q for other payments to residents, 27Q for payments to non-residents and 27EQ for TCS. They are usually due by 31 July, 31 October, 31 January and 31 May. Errors in PAN, challan or section details are the main cause of defaults.
Deducting TDS is only half the job — it must also be deposited on time and reported correctly every quarter, so that deductees get credit in Form 26AS.
Which form to file
- Form 24Q: TDS on salaries
- Form 26Q: TDS on payments other than salary to residents
- Form 27Q: TDS on payments to non-residents
- Form 27EQ: Tax collected at source (TCS)
Usual due dates
| Quarter | Due date |
|---|---|
| April–June | 31 July |
| July–September | 31 October |
| October–December | 31 January |
| January–March | 31 May |
Common errors to avoid
- Incorrect or missing PAN of deductees
- Wrong challan details (BSR code, date, serial number)
- Wrong section codes or rates
- Deducting at lower rates without a valid certificate
- Late deposit of TDS, causing interest demands
Frequently asked questions
What is the late fee for a delayed TDS return?
A late fee is levied for each day of delay, capped at the amount of TDS. Penalties may apply in some cases.
How do I correct a filed TDS return?
By filing a correction statement using the consolidated file downloaded from TRACES.
Can you handle our TDS compliance?
Yes — we compute, reconcile, file returns and issue Form 16/16A.
Related: TDS return filing service · TDS Rate Finder