Compliance•6 min read•Published: January 2026•TaxVani Advisory Team

TDS Compliance Handbook: Form 24Q/26Q Quarterly Deadlines & Section 201/271H Rules

Essential compliance guidelines for deductors: Monthly deposit dates, quarterly Form 24Q/26Q filing deadlines, TRACES certificate issuance, and penalty prevention.

Educational Notice: The information in this publication is provided for general informational and educational purposes only. It does not constitute formal tax, accounting, or legal advice. Specific facts should be evaluated by a qualified professional.

Executive Key Takeaways

TDS deducted in any month must be deposited to the government treasury by the 7th of the following month (April 30 for March deductions).
Quarterly statements in Form 24Q (Salary) and Form 26Q (Non-Salary) are due on July 31, October 31, January 31, and May 31.
Section 234E imposes a mandatory late fee of ₹200 per day of delay until the return is submitted.
Download Form 16/16A from the TRACES portal within 15 days from the due date of quarterly statement filing.

Tax Deducted at Source (TDS) is a fundamental statutory mechanism in Indian tax administration. Every entity holding a Tax Deduction Account Number (TAN) that makes payments under Section 194C (Contractors), 194J (Professional fees), 194I (Rent), or 192 (Salary) must strictly comply with deduction and deposit rules.

Failing to deduct TDS or depositing it late attracts interest under Section 201(1A) at 1% to 1.5% per month, along with disallowance of 30% of the expenditure under Section 40(a)(ia) when computing business profits.

Regular monthly reconciliation between internal accounting ledgers and the TRACES portal helps businesses identify uncredited challans and pan-mismatch defaults before notices are generated.

Statutory References & Official Framework

Income Tax Act, 1961 (Chapter XVII-B - Collection and Recovery of Tax)
Section 200(3) - Requirement to File Quarterly TDS Statements
Section 201(1A) - Mandatory Interest for Non-Deduction or Delayed Remittance
Section 234E - Late Filing Fee (₹200 per day)

Relevant Services Offered by TaxVani

Our consultancy practice assists individuals and corporate entities with comprehensive compliance relating to the subject of this guide:

Accounting & Bookkeeping Services Income Tax Return Filing (ITR)

Need Personalized Guidance On This Topic?

Our advisory team is available to answer your specific questions and review your compliance records in confidence.

Discuss This Topic on WhatsApp

Back to All Articles

Please wait while we prepare the page

Executive Key Takeaways

TDS deducted in any month must be deposited to the government treasury by the 7th of the following month (April 30 for March deductions).

Quarterly statements in Form 24Q (Salary) and Form 26Q (Non-Salary) are due on July 31, October 31, January 31, and May 31.

Section 234E imposes a mandatory late fee of ₹200 per day of delay until the return is submitted.

Download Form 16/16A from the TRACES portal within 15 days from the due date of quarterly statement filing.

Regular monthly reconciliation between internal accounting ledgers and the TRACES portal helps businesses identify uncredited challans and pan-mismatch defaults before notices are generated.