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We know that TDS Return are to be filled as follows
| Period | Due Date |
| April-June | 31 July |
| July-Sept | 31 October |
| Oct-Dec | 31 January |
| Jan-March | 31 May |
Sometimes TDS Return is filed late
In this case Penalty of 200 per day is imposed
Example 1
Total TDS of April, May, June was 300, 200, 400
Challans were deposited on time by 7th of next month
However return filed late on 7 August
How much late fees is payable?
View Answer| Late Fees for TDS return | |
| Due Date | 31/7/2017 |
| Autual Filling Date | 7/8/2017 |
| No of Days | 7 |
| Maximum Fees Per Day | 200 |
| Total Fees | 1400 |
| Maximum Late Fees Payable(Total Tax) | 900 |
| Fees to be Paid | 900 |
Late Fees penalty Cannot be more than Tax Amount
Example 2
Repair and Maintenance Charges of 50000 bill was received from AK Contractors on 20 Dec
TDS for December of 1000 (50000*2%) was late deposited on 2 Feb and return filed on 7 Feb
How much late fees and interest payable?
View Answer| Particulars | Amount | |
| Amount Paid | 50000 | |
| TDS Rate | 2% | |
| TDS | 1000 | |
| Due Date For Deposit | 20-Dec-17 | |
| Autual Date For Deposit | 2-Feb-18 | |
| No of Months late | 3 | |
| Total Interest( tds*1.5%*month) | 45 | |
| Fees for Late TDS Return | ||
| Due Date | 31-Jan-18 | |
| Autual Filling Date | 7-Feb-18 | |
| No of Days | 7 | |
| Maximum Fees Per Day | 200 | |
| Total Fees | 1400 | |
| Max Fees | 1000 | (Max Upto Tax) |
| Fees to be Paid | 1000 | Total fee or max fees which ever is lower |
