Following are the due dates for e-TDS Return Filing:
|Q1||1st April to 30th June||31st July|
|Q2||1st July to 30th Septemeber||31st October|
|Q3||1st October to 31st December||31st January|
|Q4||1st January to 31st March||31st May|
When TDS return is not filed on or before the due date, then under section 234E taxpayer will have to pay fine of Rs. 200 per day until the return is filed. Provided that the fine amount shall not exceed the amount of TDS taxpayer needs to pay.
Let’s take an example to gain more understanding:
Mr. A who is an employer forgot to file an e-TDS Return for TDS of Rs. 8,500 on 15th July. And he paid the same on 21st December. Hence, Late filing fees will be equal to Rs. 31,800 (159 Days* Rs. 200) Or Rs. 8,500 whichever is less.