What is the Due Date for TDS Payment Through Challan?

Last Updated at: September 04, 2020
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Did you know that under sub-rule (3) of Rule 30 of Income-tax Rules, 1962, the Assessing Officer may, under special circumstances – such as a global pandemic – and with the prior approval of the Joint Commissioner, permit the quarterly payment of the TDS from specific categories? 

This month’s due date for payments is the 7th of September. Don’t miss out. Every day’s delay incurs a fine of INR 200!

TDS Payment

Tax Deduction at Source (TDS) is a form of taxation where a particular amount gets deducted upon payment. Since TDS payments occur online, this system is exceptionally accessible and sustainable, making it easier for people to pay their tax on time. These deductions are generally made when upon payment of salaries, rents, commissions, or even interest in some cases. The person/organisation who makes these payments is responsible for deducting the required TDS and paying the balance owed. In this article, we will take a quick look at everything you need to know about online TDS payments and the TDS payment due date you need to keep in mind.

  1. How to Make Online TDS Payment

  2. What is the TDS Payment Due Date?

  3. What are the TDS Payments Interest Rates?

  4. Things to Know About Online TDS Payment

How to Make Online TDS Payment

  1. First and foremost, the user must visit the official portal of the NSDL (National Securities Depository Ltd.) to make the e-payment.

First and foremost, the user must visit the official portal of the NSDL

2. From the homepage, users should go to TDS/TCS>>Challan No>>ITNS 281. On doing so, you will be redirected to a separate page for the e-payment.

From the homepage, users should go to TDS

3. On the new page, you will have to provide the details of your TDS payment challan.

4. If the deduction occurs while making a payment to your company, choose the Company Deductee option, else you may go with the Non-Company Deductees option. 

5. The other details you have to provide include TAN (Tax Deduction/Collection Account Number), assessment year, state, PIN (Postal Index Number) code, and nature/mode of payment.

The other details you have to provide include TAN

file Your TDS Returns

6. After the details have been verified, you may click on the Submit button. 

7. If your TAN is valid, you will see a confirmation screen with all your details on it.

8. Confirm the data on that screen to go to the net banking page to make the e-payment.

9. After you make the payment, you will receive a TDS payment challan containing a CIN (Corporate Identification Number) and other e-payment details. 

What is the TDS Payment Due Date?

Month End of Quarter TDS Payments Due Date – Government  The TDS Payments Due Date – Non- Government  TDS Return Filing Due Date 
January 31st March 7th February 7th February 31st May

31st July – Q4 ending March 2020

February 31st March 7th March 7th March 31st May

31st July – Q4 ending March 2020

March 31st March 7th April 30th April 31st May

31st July – Q4 ending March 2020

April 30th June 7th May 7th May 31st March 2021
May 30th June 7th June 7th June 31st March 2021
June 30th June 7th July 7th July 31st March 2021
July 30th September 7th August 7th August 31st March 2021
August 30th September 7th September  7th September  31st March 2021
September 30th September 7th October 7th October 31st March 2021
October 31st December 7th November 7th November 31st Jan
November 31st December 7th December 7th December 31st Jan
December 31st December 7th January 7th January 31st Jan

What are the TDS Payment Interest Rates?

As per Section 234(E) of the Indian Income Tax Act, late filing fees for returns become applicable at a rate of INR 200 for every day past the due date. The late fees continue until it equals the TDS payment amount. As per Section 201(A) of the Income Tax Act, individuals will have to pay extra interest on the amount to be paid if they make their TDS deposit after the due date. Here is the nature of the default TDS payments interest rates. 

Sl No Default Type Reduced Interest due to COVID-19 Period of Interest Payment
1 Tax not deducted at source 1% every month The time between the date of deduction and actual date on which tax deduction occurred 
2 After deduction, tax is not paid 
  1. 1.5% per month
  2. 0.75% for the period of delay between 20th March 2020 and 29th June 2020.
  3. In case the sum remains unpaid beyond 30th June, interest is 1.5% as usual.
The time between the date of deduction and date of payment

Things to Know About Online TDS Payment

  1. As per Section 203A of the Indian Income Tax Act, individuals must have a TAN to make TDS payments and file TDS returns. If you do not have a TAN, you can apply for one by filing Form 49B online. 
  2. Since errors in the TDS payment challan leads to the deductee not being able to claim credit for the same, corrections may be made using the TRACES (TDS Reconciliation Analysis and Correction Enabling System) website. 
  3. To view your TDS payment status, you should visit the TIN-NSDL websites and monitor their challan status. Checking your TDS payment status may be done through either the TAN or CIN view. While in the former, your TAN is used as the identification number, the latter uses your CIN number to find your TDS payment challan.
  4. If you wish to generate a “NIL TDS” payment challan, you must fill all the amount columns with zeros and leave your DD number column blank. 
  5. Additionally, if you do not deposit your online TDS payment, you might have to pay the following penalties;
  • If you miss your return filing deadline, you will have to pay late filing fees
  • Further, if you miss your payment deadline, you will have to pay an extra TDS payment interest
  • If you do not file any TDS return even a year after payment, you will face severe penalties. Due to the COVID-19 pandemic, the government has withdrawn penalty provisions through Ordinance 2020 for the period between 20th March to 30th June 2020.

 

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What is the Due Date for TDS Payment Through Challan?

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Tax Deduction at Source (TDS) is a form of taxation where a particular amount gets deducted upon payment. Since TDS payments occur online, this system is exceptionally accessible and sustainable, making it easier for people to pay their tax on time. These deductions are generally made when upon payment of salaries, rents, commissions, or even interest in some cases. The person/organisation who makes these payments is responsible for deducting the required TDS and paying the balance owed. In this article, we will take a quick look at everything you need to know about online TDS payments and the TDS payment due date you need to keep in mind.

  1. How to Make Online TDS Payment

  2. What is the TDS Payment Due Date?

  3. What are the TDS Payments Interest Rates?

  4. Things to Know About Online TDS Payment

How to Make Online TDS Payment

  1. First and foremost, the user must visit the official portal of the NSDL (National Securities Depository Ltd.) to make the e-payment.

First and foremost, the user must visit the official portal of the NSDL

2. From the homepage, users should go to TDS/TCS>>Challan No>>ITNS 281. On doing so, you will be redirected to a separate page for the e-payment.

From the homepage, users should go to TDS

3. On the new page, you will have to provide the details of your TDS payment challan.

4. If the deduction occurs while making a payment to your company, choose the Company Deductee option, else you may go with the Non-Company Deductees option. 

5. The other details you have to provide include TAN (Tax Deduction/Collection Account Number), assessment year, state, PIN (Postal Index Number) code, and nature/mode of payment.

The other details you have to provide include TAN

file Your TDS Returns

6. After the details have been verified, you may click on the Submit button. 

7. If your TAN is valid, you will see a confirmation screen with all your details on it.

8. Confirm the data on that screen to go to the net banking page to make the e-payment.

9. After you make the payment, you will receive a TDS payment challan containing a CIN (Corporate Identification Number) and other e-payment details. 

What is the TDS Payment Due Date?

Month End of Quarter TDS Payments Due Date – Government  The TDS Payments Due Date – Non- Government  TDS Return Filing Due Date 
January 31st March 7th February 7th February 31st May

31st July – Q4 ending March 2020

February 31st March 7th March 7th March 31st May

31st July – Q4 ending March 2020

March 31st March 7th April 30th April 31st May

31st July – Q4 ending March 2020

April 30th June 7th May 7th May 31st March 2021
May 30th June 7th June 7th June 31st March 2021
June 30th June 7th July 7th July 31st March 2021
July 30th September 7th August 7th August 31st March 2021
August 30th September 7th September  7th September  31st March 2021
September 30th September 7th October 7th October 31st March 2021
October 31st December 7th November 7th November 31st Jan
November 31st December 7th December 7th December 31st Jan
December 31st December 7th January 7th January 31st Jan

What are the TDS Payment Interest Rates?

As per Section 234(E) of the Indian Income Tax Act, late filing fees for returns become applicable at a rate of INR 200 for every day past the due date. The late fees continue until it equals the TDS payment amount. As per Section 201(A) of the Income Tax Act, individuals will have to pay extra interest on the amount to be paid if they make their TDS deposit after the due date. Here is the nature of the default TDS payments interest rates. 

Sl No Default Type Reduced Interest due to COVID-19 Period of Interest Payment
1 Tax not deducted at source 1% every month The time between the date of deduction and actual date on which tax deduction occurred 
2 After deduction, tax is not paid 
  1. 1.5% per month
  2. 0.75% for the period of delay between 20th March 2020 and 29th June 2020.
  3. In case the sum remains unpaid beyond 30th June, interest is 1.5% as usual.
The time between the date of deduction and date of payment

Things to Know About Online TDS Payment

  1. As per Section 203A of the Indian Income Tax Act, individuals must have a TAN to make TDS payments and file TDS returns. If you do not have a TAN, you can apply for one by filing Form 49B online. 
  2. Since errors in the TDS payment challan leads to the deductee not being able to claim credit for the same, corrections may be made using the TRACES (TDS Reconciliation Analysis and Correction Enabling System) website. 
  3. To view your TDS payment status, you should visit the TIN-NSDL websites and monitor their challan status. Checking your TDS payment status may be done through either the TAN or CIN view. While in the former, your TAN is used as the identification number, the latter uses your CIN number to find your TDS payment challan.
  4. If you wish to generate a “NIL TDS” payment challan, you must fill all the amount columns with zeros and leave your DD number column blank. 
  5. Additionally, if you do not deposit your online TDS payment, you might have to pay the following penalties;
  • If you miss your return filing deadline, you will have to pay late filing fees
  • Further, if you miss your payment deadline, you will have to pay an extra TDS payment interest
  • If you do not file any TDS return even a year after payment, you will face severe penalties. Due to the COVID-19 pandemic, the government has withdrawn penalty provisions through Ordinance 2020 for the period between 20th March to 30th June 2020.

 

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