TDS

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If you've deducted TDS on salary for Q4 FY 19-20 but haven't paid it or filed the TDS return, you'll incur interest on the ₹2000 amount from the deduction date. Additionally, a penalty of up to the TDS amount (₹2000) may be imposed, along with a late filing fee of ₹200 per day, capped at ₹2000. It's crucial to deposit the TDS and file the return promptly to minimise these charges.

seeta

seeta (Querist)

13 September 2020 Sir I have deducted Tds on Salary Q 4 FY 19-20 but not paid and not file TDS return?

Tds amount is Rs.2000.00

What is the penalty and interest in this case?

Please reply

seeta

seeta (Querist)

14 September 2020 Sir I have deducted Tds on Salary Q 4 FY 19-20 but not paid and not file TDS return? Tds amount is Rs.2000.00 What is the penalty and interest in this case? Please reply

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

27 July 2025 Here's what happens if TDS on salary for Q4 FY 19-20 (₹2000) is deducted but not paid and the TDS return is not filed:

### Penalty and Interest:

1. **Interest under Section 201(1A):**

* Interest @ 1% per month or part of month on the TDS amount from the date it was deductible to the date it is actually paid.
* Plus, interest @ 1.5% per month or part of month from the due date of payment to actual payment date.

2. **Penalty under Section 271C:**

* Penalty up to the amount of TDS not deposited (₹2000 in your case) may be levied by the Assessing Officer.

3. **Late filing fee under Section 234E:**

* Rs. 200 per day of delay in filing TDS return, subject to maximum of TDS amount (₹2000).

### Summary:

* You owe interest on ₹2000 till payment date.
* You may have to pay penalty equal to ₹2000.
* Late filing fees can be Rs. 200 per day, capped at ₹2000.

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### What to do:

* Deposit the TDS amount immediately.
* File the TDS return as soon as possible to reduce penalties.
* If you have reasonable cause, you can request waiver or reduction of penalty from tax authorities.

If you want, I can help you with the procedure to pay and file the return. Would you like that?

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