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1. TDS and TCS Return Due Dates for The FY 2022–2023

2. Due Dates for TDS Returns:
Every taxpayer whose TDS has been deducted is required to complete a TDS
return. These forms must be filed at specific times, and the information that
must be supplied to the income tax authorities includes the TAN number (Tax
Deduction and Collection Account Number), the amount deducted,
the Permanent Account Number (PAN), the TDS payment, the kind of
payment, and so on.
There are late filing costs for late submission of TDS returns, therefore it is
critical to remember the due dates as well as the relevant documentation
necessary.
TDS Deducting Deposit Deadlines:
The tax deductor shall deposit the TDS to the government within the time period
specified in Section 200 of the Income Tax Act of 1961. Current income tax
laws require the tax deductor to deposit the tax with the government by the
seventh day of the following month. The government and other deductors have
varied deadlines for taxes deducted in March. The government has until April 7 to
deposit tax deducted. The tax must be deposited by April 30 for all other
deductors.
Deductor Due Date of Depositing Tax
Deducted
Deductors from the government and
others (from April 2022 to February
2023)
7th of next month
Government and other tax payers (For
March 2023)
Government date: April 7, 2023 Other
deductors, such as employers and
banks: 30 April 2023

3. TDS Return Filing Deadline FY 2022-2023:
Quarter Quarter Period Quarter Ending Due Date
1st Quarter April - June 30th June 31st July 2022
2nd Quarter July - September 30th September 31st Oct 2022
3rd Quarter October -
December
31st December 31st Jan 2023
4th Quarter January - March 31st March 31st May 2023
TCS Returns Filing Deadline for FY 2022-2023:
Quarter Quarter Period Quarter Ending Due Date
1st Quarter April - June 30th June 15th July 2022
2nd Quarter July - September 30th September 15th Oct 2022
3rd Quarter October -
December
31st December 15th Jan 2023
4th Quarter January - March 31st March 15th May 2023
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Penalties for late filing of TDS/TCS returns:

4. The following penalties shall be applicable if TDS is not paid on time or TDS
returns are filed incorrectly:
 Late filing fees
 Penalty
 Interest
Late Filing Fees:
If you do not file your TDS returns by the due date, you will be charged a late
filing fee of Rs.200 per day. The cost will be levied for each day beyond the due
date until your return is filed. The maximum fees you will have to pay, however,
will be restricted to the TDS amount.
Penalty for TDS Return:
If TDS returns are filed beyond the due date or there are errors in the return
forms, the following penalties will apply:
 Penalty under Section 234E: Under this section of the Income Tax Act, the deductor must
be fined Rs. 200 each day till TDS is paid; however, the penalty amount may not be greater than
the TDS amount.
 Penalty under Section 271H: If false information, such as an incorrect PAN or tax amount, is
submitted, a penalty of between Rs. 10,000 and Rs. 1 lakh will be assessed.
A penalty will not be imposed under Section 271H of the Income Tax Act
if TDS/TCS returns are not filed by the due date if the following criteria are
met:
 The TDS/TCS is paid to the government.
 One year after the due date, the TDS/TCS return is submitted.
 Any applicable interest and late filing costs have been paid to the government's credit.
Also read; Penalty for Late Filing TDS Return
Interest Rate for TDS Payment:
According to Section 201(1A) of the Income Tax Act of 1961, if tax is not
deducted at source, either partially or completely, an interest rate of 1% per
month would be applied from the day tax was meant to be deducted until the date
it is actually deducted. If tax has been deducted but not paid in full or in part, an
interest rate of 1.5% per month will be applied from the day tax was deducted
until the date it was paid.

5. TDS Return Forms:
The TDS return forms and their purposes are as follows:
Form Number Purpose
Form 24Q TDS from salaries
Form 26Q TDS on all payments apart from salaries
Form 27Q Tax is subtracted from any dividends, interest
payments, or other amounts owed to non-residents.
Form 27EQ Collection of tax at source
Types of Challan Statuses in a TDS/TCS Statement:
The following are the different types of statuses in the TDS/TCS statement:
 Booked
 Match Pending
 Match Failed (Challan)
 Match Failed (Transfer Voucher)
 Pending Booking
Frequently Asked Questions :-
1. Will there be an upload fee for correcting e-TDS/TCS returns?
Yes, an upload charge is required for e-TDS/TCS return rectification. The
charge will vary depending on the number of records.
2. Who is the e-filing Administrator?
The CBDT has nominated the Director General of Income Tax (Systems) as the e-
filing administrator.
3. What is the due date for filing TDS returns?
The final day of each month is the deadline for TDS deposition.
4. Is the TDS return due date extended?
The CBDT has extended the deadline for filing the TDS Return/ Statement in
Revised/ Updated Form 26Q, applicable to non-salary deductions of tax at

6. source, from 31 October 2022 to 30 November 2022 for the second quarter (Q2)
of Fiscal Year (FY) 2022-23 (July-September).
5. What exactly is Form 26Q?
Form 26Q, Statement for TDS on All Payments Except Salaries. Form 26Q is
required for TDS on all received payments other than salary. It is relevant for TDS
under Income Tax Act of 1961 sections 200(3), 193, and 194 and must be
submitted by the deductor each quarter.
6. What happens if TDS is not filled?
Section 234E states that if a person fails to file the TDS/TCS return by the due
date indicated, he must pay a fine of Rs.200 for each day that the failure persists.
The amount of late fees cannot exceed the amount of TDS/TCS.
7. Who is liable for TDS?
A person (deductor) who owes a specified sum to another person (deductee) must
deduct and remit tax to the Central Government.
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