TDS Late Filing Fee & 1.5% Interest Calculator
Compute mandatory late filing fees under Section 234E (Form 24Q, 26Q, 27Q) and penal interest on late tax remittance under Section 201(1A).
Under Section 234E of the Income-tax Act, failure to deliver quarterly TDS statements (Form 24Q/26Q/27Q) by statutory due dates attracts a mandatory fee of ₹200 per day for every day of continuing default, capped at the total amount of TDS deductible. In addition, Section 201(1A) imposes 1.5% per month (or part of a month) penal interest from the date of deduction to the actual date of payment.
Calculate TDS Liabilities
Key Statutory Nuances
1. Non-Extendable Mandate: The Supreme Court and various High Courts have upheld Section 234E as a compensatory fee rather than a penalty; assessing officers have zero discretionary powers to waive 234E fees for delayed statements.
2. 26AS/AIS Impact: When TDS returns are delayed, deductees cannot view tax credits in Form 26AS or Annual Information Statement (AIS), leading to disputed income tax demands and client complaints.
Prevent TDS Penalties Across Your Entire CA Practice
CORS automatically tracks quarterly TDS deadlines and alerts clients to provide BSR codes, challan counterfoils, and salary registers well before cutoff dates.