How to Pay TDS Late Filing Fee?

I am sure you are aware that when you exceed the due date of filing returns or TDS returns, you are liable to pay a fee for it. I see you want to know how to pay late fee for TDS return. I can help you out. I defaulted on a couple of payments myself and I had to pay a penalty for it. Let me share with you what I did here. 

The section 234E states that if we fail to file TDS/TCS return by due date we shall be liable to pay a penalty of Rs. 200 for every day of the default of payment. 

• Go to the TRACES portal and ,login using your credentials

• Now Download the Justification Report from to view your latest outstanding amount. 

• You will need to pay the late fee using Challan ITNS 281. Make the payment to the bank.

• Now download the Conso File from TRACES portal. 

• You will need to tag the challan towards late payment in the “Fee” column” using RPU Ver. 3.8.

• Fill the amount in that column and validate to generate the FVU.

• Now, submit the Correction Statement at TIN Facilitation Centre or go to Online Correction facility to pay the demand.

This is the complete process. I took help from my CA to complete this process, I would advise you to do the same if you are new to the process. I hope this clarifies your doubts about how to pay late fee for TDS return.

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Wondering

how to pay late filing fees of TDS return.

Paying the TDS (Tax Deducted at Source) late filing fee in India involves a few steps, which can be done online through the official website of the Income Tax Department. 

How to Pay TDS Late Filing Fee Online?

Here's a detailed guide to help you through the process of how to pay TDS late fee online:

• The late filing fee under Section 234E of the Income Tax Act is Rs. 200 per day until the return is filed. However, the total fee cannot exceed the amount of TDS payable. Go to the NSDL e-Gov TIN (Tax Information Network) website at

  e-Payment for TIN

   

• On the homepage, select 'e-Payment: Pay Taxes Online.' 

• Enter your PAN / TAN

• Confirm PAN / TAN

• Enter your mobile number, and click on continue 

• After filling in all the necessary details, click on 'Proceed'. Verify the details on the confirmation screen and click on 'Submit to the Bank'. You will be redirected to the bank’s payment gateway. Log in with your net banking credentials and complete the payment process.

• After the successful payment, a challan counterfoil with the CIN (Challan Identification Number) will be generated. This serves as proof of payment. Keep the challan counterfoil safe for future reference and for use during the filing of the TDS return.

• If you are filing the TDS return late, ensure you file it promptly after paying the late fee. Use the CIN number while filing the revised TDS return. 

This is

how to pay late filing fees of TDS return.

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My neighbour was once wondering about the late

TDS return filing penalty

. My brother, who is a CA, helped him. I will tell you the same process. If you have missed the deadline for filing TDS returns, you are required to pay late filing fees which is Rs 200 per day.

• Visit the official website of the Income Tax Department,

  https://www.incometaxindia.gov.in

  .

• Log in to your account in e-Filing portal.

• Select the "TDS" section and you will find an option like "Late Filing Fee" or "Consequences for Late Filing."

• Choose your assessment year for which you are paying the late filing fee.

• Review your details and proceed to pay the late filing fee.

• After selecting the payment method, the portal will generate a challan for the late filing fee.

• Complete your payment process and verify the payment status to ensure that the late filing fee has been successfully paid.

This is the method my brother told the neighbor about

how to pay TDS interest on late payment

.

Read more

TDS is Tax Deducted at Source. It is deducted at the source in order to send it to the Government. If you delay filing your TDS return on time, you will be charged a fee for it. This fee is called the late fee for TDS return. I see that the process of how to pay late fees of TDS return has been quite clearly explained by Mr. Narayandas and Mr. Ashish. That is why I will tell you everything else that you need to know to not incur any late fees on TDS return.

TDS late fee payment online

As far as I know, an intimation has already been sent to the deductors through their registered email ID and via post, informing them that there is an outstanding demand for designated quarters. This also includes the demands for delayed filing of TDS statements under Section 234E of the Income Tax Act.

So, in order to save yourself from incurring late filing fees, you should know the due dates for filing of TDS return for the financial year 2023-24 along with how to pay TDS late fee online.

I would again suggest you go through the previous answers to understand in detail how to pay TDS late filing fee online.

The purpose of Tax Deducted at Source, or TDS is to collect taxes directly from the source of income. The deductor is required by the TDS concept to withhold the tax at the source and send the money to the Central Government's account. But you must also know how to pay penalty for late filing of TDS return online.

How to pay late fees of TDS return?

You can follow the below steps to know how to pay TDS penalty online:

• Download the Rationale Report from the TRACES portal to check your most recent outstanding demand.

• Use Challan ITNS 281, or any other Challan to pay for the above with your appropriate Banker.

• On the Traces site, get the Conso File. 

• When paying the late filing fee, place the challan's barcode in the "Fee" column and submit the corrected statement to the TIN Facilitation Center. 

• You can also use the Online Correction facility to change any information, if needed.

• Now you know the TDS late filing fees payment online process.

What is the interest on TDS for a late deduction?

The late TDS deduction carries a 1% monthly interest charge. This interest rate will be applied from the time the tax becomes deductible until the date of deduction. Section 201A of the Income Tax Act describes the default of TDS interest for a late deduction. It is allowed to file a TDS return only after paying this interest.

How to pay penalty for late filing of TDS return online must be clear to you.