Fees and Penalty for Late Filing of TDS Returns

Fees and Penalty for Late Filing of TDS Returns are as follows:

Section 234E-Levy of Fees 

  • Failure to submit TDS return on time will result in fees on the deductor.
  • If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS return is not filed.
  • The levied amount of fee is not supposed to exceed the TDS deductibles.
  • Prior to TDS filing such fee should be paid and it should be reflected in the TDS return.

Section 271H-Penalty

  • Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,
    • If deductor exceeds one year time limit to File TDS Statement.
    • If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.

3 thoughts on “Fees and Penalty for Late Filing of TDS Returns

  1. KOMAL ZALA

    IF I PAID TDS AMOUNT AFTER DUE DATE (AFTER 7TH ), SO INTEREST AMOUNT WILL HAVE TO PAY UNDER WHICH SECTION?WHITE CODE I HAVE TO SELECT WHILE INTEREST AMOUNT PAYING

    Reply
  2. RK BHUWALKA

    YOU COULD HAVE SENT THIS INFORMATION AT LEAST 3/4 DAYS IN ADVANCE AND NOT ON THE LAST DAY AT 5.15PM.

    IN FUTURE, PLEASE INFORM YOUR READERS WELL IN ADVANCE.

    THANKS

    RK BHUWALKA

    Reply

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