DUE DATES FOR TDS RETURNS

TDS (Tax Deducted at Source) is the amount withheld as tax by the Payer from various kinds of payments towards salary, contracts, technical services, commission, etc. as per the TDS rates prescribed by the Income Tax Department.

After deducting TDS, the deductor needs to comply with the following:

• Deposit the deducted taxes to one of the prescribed banks by 7th of the following month of deduction (exception - it is 30th April for the deductions made in March)
• File TDS Returns in electronic format at the end of quarter to the Income Tax Department through NSDL by the 15th of the following month (exception – it is 15th May for Jan-Mar quarter)

For Late payment of TDS ,Interest @ 1.5 % per month is applicabe . And In some cases, even one day delay may cost you 3 % of TDS amount deducted but deposited late.

Further Late filing of E tds return Cost you 200/- per day Late Fees under section 234E

Due Dates For ETDS returns (Form 24Q for salary and 26Q for contractors others ,27Q for Non-resident For Fy 2014-15

Due date ETDS return 24Q, 26Q 27Q and Form16 ,Form 16A
Sl. No.	Quarter ending	For Govt offices		For other deductors
		Etds return	Form 16A	Etds return	Form 16A
1	30th June	31st July	15th August	15th July	30th July
2	30th September	31st October	15th November	15th October	30th October
3	31st December	31st January	15th Feburary	15th January	30th January
4	31st March	15th May	30th May (31st May for form 16)	15th May	30th May (31st May for form 16)

Preparing TDS returns is a simple task. One only needs to exercise adequate care as even minor discrepancies lead to system generated default notices and tax claims. This can be reasonably achieved by using proper software for preparing TDS returns. It should simplify the task and have adequate mechanisms to identify possible errors and defaults for preventive action.

- See more at: http://www.simpletaxindia.net/2014/07/preparing-and-filing-of-e-tds-returns.html#sthash.2l7pxfXo.dpuf