What is the penalty for late TDS deposit?

Interest at 1.5% per month (or part of month) applies from the date of deduction to the date of deposit. Additionally, a penalty equal to the TDS amount can be levied under Section 271C for failure to deduct or deposit TDS.

What are the due dates for quarterly TDS returns?

Q1 (April–June): 31st July. Q2 (July–September): 31st October. Q3 (October–December): 31st January. Q4 (January–March): 31st May. Late filing attracts ₹200 per day under Section 234E, subject to a maximum of the TDS amount.

What is Form 26AS and why does it matter?

Form 26AS is your consolidated tax credit statement showing all TDS deducted and deposited against your PAN. It is critical for ITR filing — if TDS is not reflected in 26AS, you cannot claim the credit. We reconcile your books with Form 26AS to ensure all credits are accurately captured.

What is the penalty for late TDS deposit?

Interest at 1.5% per month (or part of month) applies from the date of deduction to the date of deposit. Additionally, a penalty equal to the TDS amount can be levied under Section 271C for failure to deduct or deposit TDS.

What are the due dates for quarterly TDS returns?

Q1 (April–June): 31st July. Q2 (July–September): 31st October. Q3 (October–December): 31st January. Q4 (January–March): 31st May. Late filing attracts ₹200 per day under Section 234E, subject to a maximum of the TDS amount.

What is Form 26AS and why does it matter?

Form 26AS is your consolidated tax credit statement showing all TDS deducted and deposited against your PAN. It is critical for ITR filing — if TDS is not reflected in 26AS, you cannot claim the credit. We reconcile your books with Form 26AS to ensure all credits are accurately captured.

TDS Filing & Compliance

We manage your entire TDS compliance — calculating correct deductions on salary, contractor payments, rent, and professional fees; depositing challans on time; and filing quarterly TDS returns with accurate data.

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What's Included

Everything you get when you engage BSP Associate for TDS Filing & Compliance.

TDS deduction calculation (salary & non-salary)
Challan deposit & payment tracking
Quarterly return filing (24Q, 26Q, 27Q)
Form 16 & 16A generation for deductees
TDS reconciliation with Form 26AS
Response to TDS demand notices

Documents Required

Have these ready before you reach out — it speeds things up considerably.

Documents You'll Need

Please arrange these before your consultation

PAN of all deductees (employees, contractors, vendors)
Salary register or payroll details (for 24Q — TDS on salary)
Invoices from contractors, professionals, and service providers (for 26Q)
Rent agreements and landlord PAN (if TDS on rent applies)
Challan payment receipts from previous quarters
TAN (Tax Deduction Account Number) of your business

Don't have these? We'll prepare them for you.

BSP Associate can draft and file all of the following

TDS calculation workings for each deductee category
Form 16 (for salaried employees)
Form 16A (for non-salary deductees)
Quarterly TDS return in prescribed format (24Q / 26Q / 27Q)
Challan reconciliation statement

Frequently Asked Questions

Common questions about TDS Filing & Compliance.

TDS deducted must be deposited by the 7th of the following month. For March deductions, the deadline is 30th April. Government deductors must deposit on the same day if paid by book entry, or the 7th of the following month for other payments.

BS Balaji

Founder & Principal Consultant

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