Due Date for E-Filing of TDS & TCS Returns for TY 2026-27

Find the quarterly TDS and TCS return filing due dates, along with the relevant periods and deadlines for TY (Tax Year) 2026-27. TDS stands for Tax Deducted at Source, while TCS stands for Tax Collected at Source.

According to the Income-tax Act, if a person makes a payment to a recipient, TDS must be deducted at the prescribed rate and deposited with the government. For TCS, the person receiving the payment must collect tax from the person making the payment and deposit it thereafter with the government.

Here, we showcase the current due dates for filing TDS/ TCS returns as per the latest update by the Government of India.

SAG Infotech always works to help taxpayers by providing the necessary materials that make return filing easy. We cover the TDS return filing due date and TCS return filing due dates in a proper format for TY (Tax Year) 2026-27. Also, the taxpayer receives monthly details of TDS/TCS deposits for government and non-government employees.

Recommended: Free Download Trial Version of TDS Return Filing Software

Here we have provided the due dates of TY 2026-27 for TDS and TCS Return Filing.

TDS Return Due Date Quarterly for TY 2026-27

Quarter	Period	Due Date of Filing
1st Quarter	1st April to 30th June	31st July 2026
2nd Quarter	1st July to 30th September	31st October 2026
3rd Quarter	1st October to 31st December	31st Jan 2027
4th Quarter	1st January to 31st March	31st May 2027

Due Date of Quarterly TCS Returns for TY 2026–27

Quarter	Period	Due Date of Filing
1st Quarter	1st April to 30th June	15th July 2026
2nd Quarter	1st July to 30th September	15th October 2026
3rd Quarter	1st October to 31st December	15th Jan 2027
4th Quarter	1st January to 31st March	15th May 2027

Important Note:

• Quarterly TDS/TCS Certificate: After uploading a quarterly TDS return, you can generate a TDS/TCS certificate within 15 days of uploading your return.

TDS & TCS Payment Deposit Due Dates for Govt & Non-government

• The due date for depositing TCS is the 7th of the next month.
• Due dates for depositing TDS are as follows:
  • For non-government Deductors- the 7th of the next month (except for March, where the due date is the 30th of April)
  • For Government Deductors-
    i) If paid through a challan, the 7th of the next month
    ii) If paid through book entry- Same day, i.e. the day on which TDS was deducted.

Monthly TDS and TCS Payment Due Dates

Deduction Month	Due Dates for Depositing TDS and TCS
June 2026	7th July 2026
July 2026	7th August 2026
August 2026	7th September 2026
September 2026	7th October 2026
October 2026	7th November 2026
November 2026	7th December 2026
December 2026	7th January 2027
January 2027	7th February 2027
February 2027	7th March 2027
March 2027	30th April 2027

Can I File a TDS Return After a Holiday or on Sunday?

Tax deducted at source is done at the time of payment or credit of the amount to the receiver, and the tax deducted is directly deposited by the giver to the government. The TDS filing is mandatory for everyone who has been involved in payment transactions and therefore calls for various compliance requirements by the government.

The upcoming TDS return filing due date given by the government is near. As per the sources, it has been found that the upcoming TDS return due date is falling on a Sunday, which is a public holiday; therefore, one can also pay the TDS on the next working day.

Due Date of Form No 121

The due date for quarterly furnishing of 15G/15H, which is now FORM NO. 121 declaration received by the payer. Upload details of declarations in prescribed format at e-filing portal. Deadline for submission is 7th of the month following the quarter.

S.No.	Scenarios	Original Due Date
1	For 121 Received from 1/04/2026 to 30/06/2026	15/07/2026
2	For 121 Received from 01/07/2026 to 30/09/2026	15/10/2026
3	For 121 Received from 01/10/2026 to 30/12/2026	15/01/2027
4	For 121 Received from 01/01/2027 to 31/03/2027	30/04/2027

TDS on Purchase of Immovable Property

• The time limit for TDS deposition on the purchase of immovable property is the 30th day of the following month in which the property is purchased. For Example, if the property is purchased in the month of June, then TDS can be deposited by 30th July.

Penalties on TDS/TCS Quarterly Return Filing After Due Date

TDS ensures on-time tax payment on behalf of the income generator, but not on behalf of the one who deducts the tax. For example, if an employer deducted tax on behalf of an employee, it implies that the employee has paid the tax, but that doesn’t mean the employer has also paid the same. So, here comes the role of penalties and late payment charges.

In our day-to-day life, we come across such terms as late payment fees, fines, etc, on pending bills or outstanding payments. The same is true with income tax; the penalty or delayed payment fees are charged by the Income Tax Department (ITD) to an individual who is not in compliance with the IT law or cannot meet his/her tax duties in a good manner. So when such individuals fail to pay the taxes on time, the penalties are levied along with interest.

In the same way, if a deductor or employer who deducts the TDS (Tax Deducted at Source) from the income of their employees fails to pay TDS to the government or fails to submit relevant tax documents to the IT department on time, they become liable to pay penalties for the late or non-payment of TDS.

Section 427 of the Income Tax Act, which was introduced on 1st July 2012, deals with the late payment fees or penalty applicable for late submission of quarterly TDS/TCS returns by the Deductor to the ITD.

Late Filing Fee If You Miss The Quarterly TDS/TCS Return Due Date

According to Section 427, a late fine of INR 200 per day has to be paid to the Income Tax Department in case of late filing of the TDS/TCS return, and the fine will be levied for every single day of delay until the late payment charges become equal to the amount of TDS and not more than that.

Let’s understand it through an example. Suppose you have to pay a TDS amount of INR 5000 on 1st March, but you pay the TDS amount on 30th June, then the total amount of penalty will be calculated as INR 200 X 122 days = INR 24,400.

Since the calculated value of the penalty is more than the actual amount of TDS, i.e., INR 5000, you will be liable to pay only INR 5000 as the late filing charges.

Interest in Non-Payment of TDS/TCS

In addition to the penalty, interest will also be charged. The interest is payable by the taxpayers before the filing of the TDS return. The details about interest rates are given in Section 398.

• When a part or whole amount of tax is non-deducted at source, then 1% per month interest is subject to the TDS/TCS amount, when the Interest period starts from the date on which the tax was deductible and lasts till the actual date of deduction.
• When a part or whole amount of TDS is not paid, then 1.5% per month interest is subject to the TDS/TCS amount when the Interest period starts from the deduction date and lasts till the actual date of payment.
• Interest at the rate of 1.5% per month ( from the date when it was deducted to the actual date of deposit) has to be paid for the late payment of TDS after deduction.
• Note: The interest is calculated based on a number of months and not on the basis of a number of days, so a part of a month will be taken as a whole month.

For Instance, if you have to pay the TDS amount of INR 3000, which you deducted on January 15th. But you paid this TDS after the actual date of the TDS deposit, on May 29th. So, the interest will be calculated as INR 3000 X 1.5% per month X 5= INR 225.

However, according to many High Court Cases, a month is thirty days. But under the Income Tax Act of 1961, there is no precise definition for a month.

The most noteworthy point:

• The calculation of interest for the payable TDS amount is done based on the date from which the TDS was deducted instead of the date on which it was due.

For example, if the due date of the TDS payment is April 15th, and the TDS was deducted on March 30th. So, here the interest will be calculated for the period starting from March 30th, instead of April 15th, which is the due date.

It becomes quite troublesome when you miss the due date of the TDS payment by a day or two. Let’s suppose May 10th was the due date for paying TDS for a TDS that was deducted on April 15th, and due to any reason, you missed the due date but paid the TDS on the very next day, meaning on May 11th. In such a case, the interest calculation will begin from April 15th, and unnecessarily you would have to pay interest for two months, i.e., 1.5% per month X 2= 3%.

Therefore, it is very important to pay TDS before the due date of TDS payment to avert such obligations of paying huge interest and penalties.

Penalty

According to the norms of the Income Tax Act, you might become liable to pay a penalty equal to the deducted/collected amount

Prosecution under Section 476

Section 476 states that if a person fails to pay to the credit of the Central Government within the specified time, as mentioned above, the TDS by him according to the provisions of Chapter XVII-B, he shall be penalised with a fine along with severe imprisonment for a period between 3 months and 7 years. The punishment will be based on the circumstances or the inspection done by the concerned tax authority or assessment officer.

Penalty Sections for Late Filing of Quarterly TDS/TCS Return

• Penalty Under Section 427: The TDS deductor will be accountable for paying a penalty of INR 200/- per day to the IT department till the date the complete TDS amount is paid. However, the penalty shall be limited to the actual TDS amount and can not be more than that.
• Penalty Under Section 461: As per this section, when an individual fails to file the TDS/TCS return before the due dates, the Assessing Officer may direct him/her to pay a penalty under section 461 along with the late fee applicable as per section 427.

The penalty under section 461 starts from INR 10,000 and can be extended to INR 1,00,000 when the Deductor/Collector files a wrong return.

Conditions when no penalty is levied for delayed filing or payment of TDS/TCS return as per section 461.

• The tax deducted at source is paid to the credit of the government.
• The interest, along with late filing fees, is paid to the credit of the government.
• The TDS/TCS return is filed before the expiry of one year from the due date, as stated (provided that the return submitted is correct)

See Also: Income Tax Important Dates for Current Financial Year

Most Important FAQs Regarding TDS and TCS Return Filing Due Dates