Quarterly TDS statements are generally due on 31 July, 31 October, 31 January and 31 May.
Quarterly TDS statements are generally due on 31 July, 31 October, 31 January and 31 May. Delay attracts a ₹200-per-day fee capped at the TDS amount, and incorrect or late statements can also trigger penalty subject to relief.
Legal or Computational Framework
Governing rule
Tax deduction, deposit, statement filing and certificate issue are separate obligations. Correction statements have an outer statutory window, but prompt correction is essential for deductee credit.
Correct workflow
Close deductee and challan data; validate PAN and rates; deposit tax and interest; file the correct quarterly form by due date; pay late fee before delayed filing; issue certificate; correct defaults and reconcile TRACES.
Step-by-step method
- Close deductee and challan data.
- validate PAN and rates.
- deposit tax and interest.
- file the correct quarterly form by due date.
- pay late fee before delayed filing.
- issue certificate.
- correct defaults and reconcile TRACES.
Worked example
A Q2 statement due 31 October is filed 20 days late with TDS ₹1 lakh. The section 234E fee is ₹4,000, subject to the cap, in addition to any deposit interest.
The example is an audit trail, not a substitute for the user's facts. Change one input—residence, payment date, tax year, asset, return form, GST status, employer category or supporting document—and the result can change.
Edge cases
- Salary and non-salary use different forms: record the factual and legal conclusion in the working paper.
- Government deductors can have variations: record the factual and legal conclusion in the working paper.
- Short deduction and late deposit create separate interest: record the factual and legal conclusion in the working paper.
- Certificate due dates follow filing: record the factual and legal conclusion in the working paper.
- Correction does not erase original late fee: record the factual and legal conclusion in the working paper.
What Generic Pages Miss
- Treating tax deposit as return filing.
- Ignoring unmatched challans.
- Using wrong quarter or year.
- Issuing certificates without reconciliation.
- Missing late fee.
Generic pages often confuse gross income with net receipt, TDS with final tax, GST turnover with income-tax turnover or a portal value with legal eligibility. Finin2min should show why an amount is accepted, deferred, reversed, rejected or carried forward.
Practical Documentation Checklist
- Deductee ledger
- Challans/CSI
- Statement acknowledgement
- TRACES defaults
- Fee/interest working
- Certificate issue register
For the complete rules on this topic, see the core guide: TDS Sections 192-194T Consolidated: Section 392 & 393 Mapping.
See the broader Income-tax Act 2025 study guide hub for related rules and calculators on this topic.
Finin2min Summary
Quarterly TDS statements are generally due on 31 July, 31 October, 31 January and 31 May. Delay attracts a ₹200-per-day fee capped at the TDS amount, and incorrect or late statements can also trigger penalty subject to relief.
Finin2min rule: classify the legal event, calculate from source records and show every adjustment.
Frequently Asked Questions
What is the direct answer for TDS return due dates and late fee? ▼
Quarterly TDS statements are generally due on 31 July, 31 October, 31 January and 31 May. Delay attracts a ₹200-per-day fee capped at the TDS amount, and incorrect or late statements can also trigger penalty subject to relief.
Which law or period applies? ▼
Tax deduction, deposit, statement filing and certificate issue are separate obligations. Correction statements have an outer statutory window, but prompt correction is essential for deductee credit. AY 2026–27 remains under the Income-tax Act, 1961; income from 1 April 2026 is governed by the Income-tax Act, 2025 where relevant.
What calculation or workflow should be followed? ▼
Close deductee and challan data; validate PAN and rates; deposit tax and interest; file the correct quarterly form by due date; pay late fee before delayed filing; issue certificate; correct defaults and reconcile TRACES.
What does the example demonstrate? ▼
A Q2 statement due 31 October is filed 20 days late with TDS ₹1 lakh. The section 234E fee is ₹4,000, subject to the cap, in addition to any deposit interest.
Which records should be retained? ▼
Keep deductee ledger, challans/CSI, statement acknowledgement, TRACES defaults, fee/interest working so the result can be reproduced and defended.
What is the most common error? ▼
The most frequent errors are treating tax deposit as return filing and ignoring unmatched challans.