Income tax

Stay Compliant: TDS and TCS Annual Deposit and Filing Deadlines for FY 2024-25

This blog helps taxpayers stay on top of their responsibilities and avoid penalties by offering a thorough annual compliance calendar for TDS and TCS deposit and filing dates.

Annual Compliance Schedule for FY 2024–2025

To avoid fines and keep a clean financial record, it is imperative that you fulfill your Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) compliance duties as a responsible taxpayer. This is a detailed annual compliance schedule for the financial year 2024–2025 including TDS and TCS deposit and filing dates.

First Quarter (April–June 2024)

April 7: Make a deposit for your March 2024 TDS and TCS liabilities.
April 15: Make a deposit for your March 2024 PF/ESI contribution.
April 30: Provide the challan-cum-statement for the taxes withheld for March 2024 under sections 194IA, 194IB, and 194M.
May 15: Provide TDS certificates (Forms 16B, 16C, and 16D) for taxes withheld for March 2024.
May 30: Provide TDS certificates (Forms 16B, 16C, and 16D) for taxes withheld for March 2024 under sections 194-IA, 194-IB, and 194M.
May 31: Provide a quarterly TDS return (Form 24Q or Form 26Q) for the quarter ending in March 2024.
May 31: Provide a quarterly TCS return (Form 27EQ) for the quarter ending in March 2024.

Second Quarter (July–September 2024)

July 7: Pay in TDS and TCS obligations for June 2024.
July 15: PF/ESI contribution deposit for June 2024.
July 30: Provide the challan-cum-statement for the taxes withheld under sections 194IA, 194IB, and 194M for the month of June in 2024.
August 15: Provide TDS certificates (Forms 16B, 16C, and 16D) for taxes withheld for June 2024.
August 30: Provide TDS certificates (Forms 16B, 16C, and 16D) for taxes withheld for June 2024 under sections 194-IA, 194-IB, and 194M.
August 31: Provide quarterly TDS return (Form 24Q or Form 26Q) for the quarter ending June 2024.
August 31: Provide quarterly TCS return (Form 27EQ) for the quarter ending June 2024.

Third Quarter (October–December 2024)

October 7: Pay in TDS and TCS obligations for September 2024.
October 15: Make a deposit for your September 2024 PF/ESI contribution.
October 30: Provide challan-cum-statement for taxes withheld for September 2024 under sections 194IA, 194IB, and 194M.
November 15: Provide TDS certificates (Forms 16B, 16C, and 16D) for taxes withheld for September 2024.
November 30: Provide TDS certificates (Forms 16B, 16C, and 16D) for taxes withheld for September 2024 under sections 194-IA, 194-IB, and 194M.
November 30: Provide a quarterly TDS return (Form 24Q or Form 26Q) for the quarter ending September 2024.
November 30: Provide a quarterly TCS return (Form 27EQ) for the quarter ending September 2024.

Fourth Quarter (January–March 2025)

January 7: TDS and TCS liabilities are to be deposited for December 2024.
January 15: PF/ESI contribution is to be deposited for December 2024.
January 30: Provide the challan-cum-statement for the taxes withheld for December 2024 under sections 194IA, 194IB, and 194M.
February 15: Provide TDS certificates (Forms 16B, 16C, and 16D) for taxes withheld for December 2024 under sections 194-IA, 194-IB, and 194M.
February 28: Provide a quarterly TDS return (Form 24Q or Form 26Q) for the quarter ending December 2024.
February 28: Provide a quarterly TCS return (Form 27EQ) for the quarter ending December 2024.

Additional Crucial Dates

December 31: Late or amended return filing for Fiscal Year 2023–2024.
July 31: Deadline for filing income tax returns for FY 2023–2024 for people and organizations that are exempt from tax audits and have not engaged in any specific domestic or foreign transactions.
September 30: ITR file for assessments that need to be audited (for which there are no stated domestic or foreign transactions).
November 30: ITR filing for cases involving transfer pricing (for assessees with certain domestic and international transactions).

To guarantee timely compliance with TDS and TCS deposit and filing duties, don't forget to include these dates in your calendar. Penalties and fines may be imposed for missing these deadlines.

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Krishna Gopal Varshney

An editor at apnokaca

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Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.

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