Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
The deposit deadline
When you deduct TDS from salaries under Section 192, you must deposit it with the government by the 7th of the next month. The one exception is March, for which you have until 30 April. The deposit is made by challan, quoting your TAN.
Returns and certificates
After depositing, you file a quarterly return in Form 24Q giving employee-wise TDS, and issue each employee a Form 16 (the annual salary-TDS certificate) by mid-June. These let employees claim the TDS in their returns. Confirm the current due dates per quarter.
Late deposit costs — an example
Example: TDS of ₹50,000 deducted in July must be deposited by 7 August. Deposit it late and interest runs at 1.5% per month from deduction to deposit, plus a late-filing fee on the return. Worse, salary TDS not deposited can disallow the expense and expose the company. A fixed monthly payroll-TDS routine avoids all of this. Our team can run your payroll TDS.