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Direct Tax Services

TDS Return Filing — 24Q, 26Q, 27Q

TDS Return Filing

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Regulatory Framework

TDS return filing obligations are governed by Section 200(3) of the Income Tax Act, 1961, read with Rule 31A of the Income Tax Rules, 1962.

Quarterly return forms: Deductors must file quarterly TDS statements — FORM 24Q (salary payments), FORM 26Q (non-salary payments to residents), and FORM 27Q (payments to non-residents) — within the prescribed timelines each quarter.

Due dates (FY 2025-26): Q1 (April-June 2025) — 31 July 2025; Q2 (July-September 2025) — 31 October 2025; Q3 (October-December 2025) — 31 January 2026; Q4 (January-March 2026) — 31 May 2026.

Section 234E — Late filing fee: A fee of ₹200 for every day of delay in filing the TDS statement beyond the due date, continuing until the failure is rectified; the total fee is capped at the amount of tax deductible or collectible for that statement.

Section 271H — Penalty: In addition to the Section 234E fee, a penalty ranging from ₹10,000 to ₹1,00,000 may be levied under Section 271H for failure to file the TDS statement within one year of the due date, or for furnishing incorrect information in the statement, unless the tax deducted (with interest) has been paid and the statement is filed within the one-year window.

Form 27EQ: A separate quarterly statement for tax collected at source (TCS) under Section 206C follows the same due-date structure.

This service manages quarterly TDS statement preparation and filing across Forms 24Q/26Q/27Q, tracking Section 234E fee exposure.

Overview

TDS return filing services cover the complete cycle of the quarterly TDS returns under the Income-tax Act 1961 — the preparation of the returns in the Forms 24Q, 26Q, 27Q and 27EQ, the validation of the PAN and the challan details, the filing within the prescribed due dates, the generation of the Form 16 and the Form 16A, and the handling of the corrections and the defaults. The service is the discipline of reporting the deductions to the department, quarter after quarter.

The quarterly TDS return is the deductor's report of the tax it deducted and deposited — the deductees, the payments, the challans — and its quality decides the deductees' Form 26AS and their credit claims. The returns are filed quarterly, each within its due date, and the department's systems match the return data against the challan payments and the PANs, surfacing the mismatches as the defaults.

The cost of a mismanaged TDS return cycle is the compounding of the small: the late fee on the delayed return, the interest, the mismatches that the matching systems find, the deductees who cannot claim the credit — each a leak that the quarterly discipline prevents.

This service is for deductors of every size. We manage the TDS return cycle — the data assembly, the return preparation in the applicable forms, the validation and the filing within the due dates, the certificate generation, and the corrections — so the deductions are reported correctly, the deductees' credits are right and the deductor's record with the department is clean.

How It Works

  1. 1

    Cycle Setup

    We set up the quarterly cycle and the applicable forms.

    Harun Raaj & Associates does this1 week
  2. 2

    Data & Validation

    We assemble and validate the deductee and the challan data.

    Harun Raaj & Associates does this1 week
  3. 3

    Filing

    We file the returns within the due dates.

    Harun Raaj & Associates does thisQuarterly
  4. 4

    Certificates

    We generate the Form 16 and the Form 16A.

    Harun Raaj & Associates does thisQuarterly
  5. 5

    Corrections & Review

    We handle the corrections and review the cycle.

    Harun Raaj & Associates does thisQuarterly

Frequently Asked Questions

Which TDS return form applies to my payments?
Form 24Q: TDS on salaries under Section 392 of the Income Tax Act 2025. Due quarterly — Q1 (Apr-Jun) by July 31, Q2 (Jul-Sep) by October 31, Q3 (Oct-Dec) by January 31, Q4 (Jan-Mar) by May 31. Form 26Q: TDS on all non-salary payments to residents under Section 393 — rent, professional fees, contractor payments, bank interest, commission, and others. Form 27Q: TDS on payments to non-residents also under Section 393. Form 27EQ: TCS (Tax Collected at Source) under Section 394 — on sale of scrap, tendu leaves, timber, minerals, motor vehicles above 10 lakh, and LRS foreign remittances above 7 lakh.
What are the consequences of filing a TDS return late?
Late filing fee under the Income Tax Act 2025: 200 per day of delay, subject to a maximum of the TDS amount for the relevant quarter. This fee runs from the day after the due date and is mandatory — it is not waivable and must be paid before the return is accepted. An additional penalty under the Income Tax Act 2025 of 10,000 to 1,00,000 can be levied if the return is not filed within 1 year of the due date, or if incorrect information is furnished. Interest on late deposit of TDS itself accrues at 1.5% per month (or part thereof) from the date of deduction to the date of actual deposit, under the interest provisions of the Income Tax Act 2025.
What is a short-deduction notice and how is it resolved?
A short-deduction intimation issued by the Centralised Processing Cell (CPC-TDS) arises when the TDS deposited is less than the computed liability. Common causes: the deductee PAN is invalid or not linked to Aadhaar, triggering deduction at the higher rate under Section 397(2) of the Income Tax Act 2025 (formerly Section 206AA of the 1961 Act) instead of the applicable rate; wrong section code used on the challan; mismatch between challan amount and deductee-wise details in the return. Resolution: file a correction statement on TRACES, reconcile the challan with the correct deductee-wise breakup, and pay the differential tax plus interest via Challan 281 through the income tax portal.
How is Form 16 or Form 16A generated and what must it contain?
Form 16 for salary TDS is generated exclusively through TRACES — the employer cannot self-generate it. Part A (TRACES-generated) covers tax deducted and deposited quarter-by-quarter under Section 392 and must bear a TRACES authentication number. Part B (employer-prepared) shows the salary breakup, deductions claimed, and the final tax computation. Form 16A for non-salary TDS under Section 393 is also generated only through TRACES using the deposited challan details — it must carry a unique certificate number. Deductees require Form 16 or 16A to claim TDS credit against their tax liability when filing their return under Schedule TDS1 or TDS2.
What are the threshold limits for TDS deduction and do they apply per transaction or annually?
Thresholds under most provisions of Section 393 of the Income Tax Act 2025 apply to the aggregate payments in a financial year, not per transaction. Key limits (carried forward from the 1961 Act framework): interest from banks or co-ops — 50,000; other interest — 5,000; contractor payments — 30,000 per contract or 1,00,000 aggregate per year; rent of land or building — 2,40,000 per year; professional or technical fees — 30,000 per year. Once the aggregate crosses the threshold, TDS applies on the entire payment from the first rupee, not just the excess. For salary under Section 392, the threshold is the basic exemption limit applicable to the employee — TDS applies on the estimated annual salary.

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