What is the due date for payment of TDS for April 2020?

8,400. In this case the due date to file TDS return for the second quarter of 2019 – 2020(July – September 2019) is October 31, 2019. Since Mr. Verma filed TDS return on April 4, 2020, there was a delay of 156 days….TDS Example (Where Penalty is More than TDS)

Particulars	Days
March 2020	31
April 2020	4
Total	156

What is the due date for TDS payment for June 2020?

No due date extension for TDS deposit, but delayed deposit of TDS – will attract only a reduced interest of 9% till 30th June 2020. The current rate for delayed deposit of TDS is 18%. Various other income tax due date extensions have been extended to 30th June 2020. Aadhaar PAN Linking Due Date will be 30th June 2020.

What is the due date for payment of TDS for March 2021?

Due Date for Filing TDS Returns FY 2020-2021

Quarter	Quarter Period	Due Date
1st Quarter	April – June	31 March 2021
2nd Quarter	July – September	31 March 2021
3rd Quarter	October – December	31 January 2021
4th Quarter	January – March	31 May 2021

Is TDS extended due date?

The last date of filing Tax Deducted at Source (TDS) for the fourth quarter of financial year 2020-21 has been extended to June 30, according to the circular issued by the Income Tax department. Accordingly, the due date of issuance of Form 16 has also been extended to July 15 from June 15.

Is TDS payment due date for March 2020 extended?

The date for filing TDS return for February and March have been extended to July 31, 2020. The March 31 ordinance has enabled provision empowering the central government to further extend due dates to beyond June 30, 2020. The due date for filing ITR for FY2019-20 has already been extended till November 30, 2020.

Is TDS payment date extended for March 2020?

No Extension of Due Date of TDS payment for March 2020 onwards amid COVID-19. TDS payment due date for March 2020 extended or not for COVID-19 pandemic: After the announcement of various relief measures by the Finance Minister Smt.

What if TDS due date falls on Sunday?

As we know, TDS is required to be paid by 7th of next month except for the month of March where the due date is April 30. Hence, accordingly, if the bank is closed (due to Sunday or holiday or strike) on the due date of payment, the same can be paid on the next working day.

What is the last date for advance tax payment?

33750 (75%) will be paid before or on 15th December. Advance tax payment of Rs. 28125 (100%) will be paid before or on 15th March….Advance Tax Due Date & Amount.

S.N.	Due date of tax instalment	Amount of tax payable
1.	Either on or before 15th of September	At least 30% of the advance tax liability

What if I miss advance tax deadline?

For default in advance tax payment, the taxpayer will be charged interest under Section 234B and 234C. Under section 234B, interest is charged in a case if the taxpayer has not paid advance tax or if the advance tax paid is below 90% of the total liability.

Can advance tax be paid every month?

You can pay the self-assessment taxes or the advance tax on 15th of March, September, and December, in instalments of 40 %, 30 % and 30 %, respectively, for the non-corporates. Corporates have to pat it on 15th of March, June, September, and December.

Is payment of advance tax compulsory?

Advance tax payment is a mandatory requirement that facilitates the government to receive the tax revenue on a quarterly basis rather than waiting until the end of the financial year.

How advance tax is calculated with example?

Advance tax can be calculated by applying the slab rate applicable to a financial year on his total total estimated income for that year. For example your total income for FY 2018-19 is Rs. 5,50,000, then your estimated liability is Rs. 23,400 calculated as follow.

What is the penalty for late payment of advance tax?

Penalty for Default in Advance Tax Payment Under section 234B, interest for default in payment of advance tax is levied at 1% simple interest per month or part of a month. The penalty interest is levied on the amount of unpaid advance tax.

How can I check my advance tax payment details?

You can also check the list of advance tax payments made by logging in to your income tax account at https://www.incometaxindiaefiling.gov.in/home and going to My account -> View Form 26AS (Tax Credit), and entering the financial year and type of view/download.

How can I check my TDS status online?

How To Check TDS Status By Pan Card?

Visit www.tdscpc.gov.in/app/tapn/tdstcscredit.xhtml.
Key-in the verification code.
Click on ‘Proceed’
Enter the PAN and TAN.
Select the financial year as well as the quarter and the type of return.
Click on ‘Go’
The details will be displayed on the corresponding screen.

How do I check my e tax payment status?

You can verify the status of the challan in the “Challan Status Inquiry” at NSDL e-Gov -TIN website using CIN after a week, after making payment.

How do I know my income tax payment details?

You can check the tax paid by you by looking at your Form 26AS. Form 26 AS is your annual tax statement. You can view it on the income tax department’s e-filing website.

How do I check my government stimulus check?

Check On Your Stimulus Payment Check the Get My Payment page from the IRS to find out if you qualified and when you should have received your payment.

How can I get TDS challan after payment?

6) Login with your user ID and password provided by the bank and enter payment details. 7) After successful payment, TDS Challan counterfoil will appear with CIN and bank details. 8) Download CIN counterfoil as proof of your successful payment.

Who all should pay income tax?

Any Indian citizen aged below 60 years is liable to pay income tax, if their income exceeds Rs 2.5 lakhs. If the individual is above 60 years of age and earns more than Rs 2.5 lakhs, he/she will have to pay taxes to the Government of India.