Rule 30 prescribes time and mode of payment of tax deducted at source to the account of Central Government.
TDS is required to be paid to the credit of the Central Government within the time given below:
Time Limits for Payment of TAX | ||
Different Situation | Time Limit for Deposit of Tax | |
When Payer is the Government or when is made on behalf of the Government | TDS is deposited without Challan | Same Day |
| TDS is deposited with Challan | On or before 7 days from the end of the month in which the deduction is made. | |
| Tax on Perquisites opt to be deposited by the employer | On or before the 7days from the end of next month in which Income-Tax is due under section 192(1A). | |
When Tax is Deducted by a person other than Government | When the income or amount is credited or paid in the month of March | On or before 30th April. |
| In any other case | On or before 7 days from the end of the month in which the deduction is made. | |
| Tax on Perquisites opt to be deposited by the employer | On or before the 7days from the end of next month in which Income-Tax is due under section 192(1A). | |
Refer: Section 192(1A)
Time Limits for Furnishing of Quarterly Returns of TDS/TCS | |||
S.no | Dated of ending of the Quarter of the Financial year | Due Date for Government | Due dates for other than Government Deductors. |
1 | 30th June | 31st July of the Financial Year. | 15th July of the Financial Year. |
2 | 30th September | 31st October of the Financial Year. | 15th October of the Financial Year. |
3 | 31st December | 31st January of the Financial Year. | 15th January of the Financial Year. |
4 | 31st March | 15th May of the Financial Year immediately following the Financial Year in which deduction is made. | 15th May of the Financial Year immediately following the Financial Year in which deduction is made. |
Time Limit for Issue of TDS Certificate | ||
Particulars | TDS on Salary | TDS on Non-Salary |
| Form | Form 16 | From 16A |
| Periodicity | Annual | Quarterly |
| Due Date upto which TDS Certificate should be Issued | 31st May of the Following Relevant Financial year | 15 Days from the Due Date of Furnishing of TDS Return i.e. 30th July, 30th October, 30th January, 30th May. |
Quite a valuable guidance.
Thank u
useful info in tabular format.
thanks for sharing