Time Limit to Deposit of TDS Tax collected from TDS Deductee by TDS Deductor on and after 01.04.2010

Notification No 41/2010 (F. NO. 142/27/2009-SO(TPL), dated 31.05.2010 amended rule 30. the applicability in respect of tax on or after 01.04.2010.

The Tax deductor must deposit the tax so deducted to the credit of Central Government account in the appropriate mode and manner within the prescribed time limit, as under :

1. The Government Department:

Sr.	Nature of payment	Due date for depositing the tax
1	The tax is paid without production of an Income Tax challan	On the same date
2	The tax is paid accompanied by an Income Tax challan	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) if section 192 i.e. tax is paid by the employer on the non- monetary perquisites.

2. OTHERS:

Sr.No	Nature of payment	Due date for depositing the tax
1	The income or amount is credited or paid in the month of March	On or before 30th day of April
2	In all other cases	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) if section 192 i.e. tax is paid by the employer on the non- monetary perquisites.

3. The Assessing Officer in special (prescribed) cases and with the approval of Joint Commissioner may permit quarterly deposit of TDS:

Posted in: Income Tax Due Dates