Late filling of tds return

Late Filing of TDS Return- Consequences

From 01.07.2012 onwards for late filing of TDS return fee of Rs. 200 per day for each day of delay is levied u/s 234E of IT Act, 1962. The maximum amount payable for the delay is limited to the amount of tax deducted or collected as the case may be. If the default of late filing of TDS return continued for more than 1 year from the date of original filing of return then additional penalty of Rs. 10000/- (Minimum) and Rs. 100000/- (Maximum).