TDS Return - Due Date & Penalty Calculator
Calculate late fees & penalty on delayed filling of TDS returns including Form-26QB (Property payment) & get exact results with applicable due dates.
Click to know moreHow to use TaxAdda TDS Return due date & late fee Calculator?
- Step-1: Select TDS Return Type
- Step-2: Select the period for TDS Return
- Step-3: Enter the TDS amount
- Step-4: Enter the actual date of filling the TDS Return
Once you enter all these inputs our calculator will display the results for due date,late fee & penalty (if applicable) for TDS Return.
How is late fee on TDS Return calculated?
Late fee is calculated on the basis of no. of days from the due date to the actual date of filling TDS Return. Our calculator will show the late fee u/s 234E & penalty u/s 271H based on applicable due date & other details entered by user.
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Frequently asked questions
What is Late fee for delay filling of TDS Return?
The late fee u/s 234E for delayed filling of TDS Return is Rs.200/- per day per return subject to a maximum of amount of total TDS in that return.
What is Form-26QC?
Form 26QC is a challan-cum-return statement for reporting the transactions liable to TDS on Rent u/s 194-IB.
What is Form-26QD?
Form-26QD is challan cum TDS Return for reporting & payment of TDS deducted u/s 194M by Individuals or HUFs (not required to get their books of account audited) on payments above Rs.50,00,000 made for certain contractual and professional work in a financial year.
What is Form-26QE?
Form-26QE is challan cum TDS Return for reporting & payment of TDS deducted u/s 194S as mentioned below. Individual/HUF whose total sales or turnover does not exceed Rs 1 crore in case of business and Rs 50 lakhs in case of profession during the financial year immediately preceding the financial year in which such VDA is transferred : TDS is required to be deducted only if the consideration paid exceeds Rs 50,000 Other than Individuals/HUF mentioned above (Exchanges/any other person): TDS is required to be deducted only if the consideration paid exceeds Rs 10,000.
What is penalty for delayed filling of TDS Return?
If the TDS statement is not filed within one year from the due date of furnishing of TDS return, then a minimum penalty u/s 271H of Rs 10,000 (which can go upto Rs 1,00,000) can be levied. Section 271H also cover cases of filing incorrect TDS/TCS return. Similarly minimum penalty of Rs 10,000 (which can go upto Rs 1,00,0000) can be levied. The penalty under this section will be in addition to the late filing fee under section 234E.
What is NIL TDS Return?
A return that specifically features solely Zero/NIL Deductions in its deduction details, with no mention of any challan details except for an indication of a NIL Challan, is referred to as a NIL Return.
An assessee is required to file a NIL TDS return only when the payment is subject to TDS, but no tax has been deducted at the source because the deductee has shown the assessing officer a certificate stating that the tax rate is NIL. The obligation to file quarterly TDS Return arises only if tax has been deducted at source. Filing of TDS return in case of NIL deduction is not compulsory.
What is Form-26QB?
Form-26QB is challan cum TDS Return for reporting & payment of TDS deducted u/s 194IA on purchase of immovable property from Resident. To know more read TDS on Sale of Immovable Property - Section 194IA, Form 26QB
What is Form-24Q & its due date?
Form-24Q is TDS Return for reporting tax deduceted & paid u/s 192 i.e. on payment of Salaries during a quarter. The due date to file TDS Return in Form-24Q is 31st of the month following the quarter end except for Jan to Mar it is 31th May.
What is Form-26Q & its due date?
Form-26Q is TDS Return for reporting tax deduceted & paid u/s 193,194,194C & 194J etc (but except payment of Salaries ) during a quarter. The due date to file TDS Return in Form-26Q is 31st of the month following the quarter end except for Jan to Mar it is 31th May.
What is Form-27Q & its due date?
Form-27Q is TDS Return for reporting tax deduceted & paid u/s 195 i.e. any payment made to Non-Resident, during a quarter. The due date to file TDS Return in Form-27Q is 31st of the month following the quarter end except for Jan to Mar it is 31th May.
What is the due date to file Form-26QB, Form-26QC, Form-QD & Form-26QE?
The due date to file file Form-26QB, Form-26QC, Form-QD & Form-26QE is 30 days from the end of the month in which payment was made. To check due dates check our Tax & Compliance Calendar
What is Form-27EQ & due date to file it?
Form 27EQ, a TCS Return/Statement, contains information on tax collected at the source by the seller when receiving payments from the client on particular commodities. The due date to file TCS Return is 15th of the month following the quarter end except forJan to Mar it is 15th May.
What is form-16 ,16A, 16B,16C,16D and 16E?
All these forms are TDS certificates which are issued to deductee after filling TDS Return to take credit of TDS. To know the date of issue of the TDS certificates check ourTax & Compliance Calendar
What is form-27D?
Form 27D is the certificate of collection of tax at source which is issued after 15 days of filling TCS Return in Form-27EQ. To know the exact due dates check our Tax & Compliance Calendar
Is TDS Refundable?
Yes, TDS may be refundable if your total income tax liability is less than the TDS deducted in your Income Tax Return.