Our guide on how to submit TDS using TaxCloud is easy to understand and use. However, there are a few important points to note if you are filing TDS for the first time.
| Quarter | Quarter ends on | Due date of TDS payment | Due Date of TDS filing |
|---|---|---|---|
| April to June | 30th June | 7th July | 15th July |
| July to September | 30th September | 7th October | 15th October |
| October to December | 31st December | 7th January | 15th January |
| January to March | 31st March | 7th May | 15th May |
After depositing TDS, the challan provided by the OLTAS system takes 2-3 days to be processed. So make sure to deposit TDS at least 3-4 days before the 15th deadline to avoid paying late fees.
To know about the consequences and penalties for late payment of TDS, check out our guide here.
Click here to read guides about TaxCloud's Income Tax Return software
