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.