Due Dates of Income Tax (TDS Deposit, Form 16, e-TDS Return 24Q, 26Q)

Friends,

The financial year 2011-12 is over. At the end of each financial year there are some important works regarding Income Tax like as to deposit the Tax Deducted at Source to the Bank through filling proper challan, file a Tax Return pertains all details of the persons whose tax has been deducted at source in the form of 24Q or 26Q through electronic mode. Issue of Form 16 or Form 16A. for all these jobs Income Tax Department has fixed dates which are as under :

• Due date to deposit tax deducted (TDS) in March 2012 is 30.04.2012
• Etds return due date for salary Q4 (01.01.2012 to 31.03.2012) (form 24 Q) is 15.05.2012
• Etds return due date for other than salary Q4 (01.01.2012 to 31.03.2012)  (26q) is 15.05.2012
• Due date for form 16(salary) Fy 2011-12 is 31.05.2012
• Due date for Form 16A quarter four (01.01.2012 to 31.03.2012) is 30.05.2012.

Please note all date and make sure that you are on time in each case.

Due date to deposit the tax deducted on amount/Income paid in March 2012 and Tax deducted on provisions created in March 2012 is 30.04.2012. This is as per notification 41/2010 dated 31.05.2010(download complete notification from link given at the end)

Old rule :Many people have a doubts regarding the due date for tds payment in March month. Few people mail me and ask to confirm that like service tax ,excise, tds deposit date for march is 31.03.2012 .But this is not the case in income tax . In old rules due date for tax deducted in month of march was 7 April and date to deposit tds deducted on provision on last day of financial year was 31.05 of next financial year. 

but the these rule has been amended and as per latest rule for tds deducted in march 2012 ,due date to deposit tax is 30.04.2012.(read text in red in rule 30 Given below)

So enjoy for one month and deposit tax on or before 30.04.2012.

New rule is reproduced here under.

“Time and mode of payment to Government account of tax deducted at source or tax paid under sub­ section (1A) of section 192. 

Rule :30. 

(1) All sums deducted in accordance with the provisions of Chapter XVII‐B by an office of the Government shall be paid to the credit of the Central Government ‐

(a) on the same day where the tax is paid without production of an income‐tax challan; and 

(b) on or before seven days from the end of the month in which the deduction is made or income‐tax is due under sub‐section (1A) of section 192, where tax is paid accompanied by an income‐tax challan.

Tax to be deducted by Govt  Office
1	Tax deposited without challan	Same day
2	Tax deposited with challan	7th of next month
3	Tax on perquisites opt to be deposited by the employer	7th of next month

(2) All sums deducted in accordance with the provisions of Chapter XVII‐B by deductors other than an office of the Government shall be paid to the credit of the Central Government ‐ 

(a) on or before 30th day of April where the income or amount is credited or paid in the month of March; and 

(b) in any other case, on or before seven days from the end of the month in which‐ 

1. the deduction is made; or 
2. income‐tax is due under sub‐section (1A) of section 192. 

Tax deducted by other
1	tax deductible in March	30th April of next year
2	other months and tax on perquisites opted to be deposited by employer	7th of next month

(3) Notwithstanding anything contained in sub‐rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:‐

SrNo	Quarter ended On	Date of payment
1	30th June	7th July
2	30the September	7th October
3	31st December	7th January
4	31st March	30Th April

Due Dates For ETDS returns (Form 24Q for salary and 26Q for contractors others ,27Q for Non-resident

Due date ETDS return 24Q, 26Q 27Q and Form16 ,Form 16A
Sl. No.	Quarter ending	From 01.11.2011 on wards For Govt offices		For other deductors
		Etds return	Form 16A	Etds return	Form 16A
1	30th June	31st July	15th August	15th July	30th July
2	30th September	31st October	15th November	15th October	30th October
3	31st December	31st January	15th February	15th January	30th January
4	31st March	15th May	30th May        (31st May   for form 16)	15th May	30th May        (31st May for form 16)