30th May – Due date of issuing TCS certificate for Quarter 4 of Financial Year 2024-2025
31st May – Due date of filing TDS Returns for Quarter 4 of Financial Year 2024-2025
*Please ensure timely compliance to avoid interest and/or penalties TDS / TCS Compliances for May 2025
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 return.
- If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.
For more details on Consequences of TDS defaults, Click here
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Appreciate the timely reminder. I’ve seen businesses overlook the May 31 TDS return deadline and face avoidable penalties. Planning ahead really helps avoid unnecessary costs under Sections 234E and 271H.
We are glad that it was helpful to you. It would be our continuous endevour to keep the community updated with compliance dates and statutory announcements. Thank you.