Interest for delay in deduction or deposit of TDS/TCS, and the late filing fee for quarterly statements.
Interest runs from the date of deduction, not the due date — a deposit even one day late attracts interest for the full period since deduction.
Delay spanning month-ends counts every calendar month touched: a 32-day delay can attract 3 months' interest.
Interest on delayed deduction / deposit
Tax Year
Type
₹
Leave blank to use the standard due date. Government deductors are out of scope.
Late filing fee — quarterly statement
Rs 200 per day of delay under Section 427 of the Income-tax Act 2025 (old Section 234E), capped at the TDS amount in the statement.
Statement quarter
Due date: 31/07/2026
₹
The fee cannot exceed this amount — the statutory cap.
Interest under Section 398(3) of the Income-tax Act 2025 (old Sections 201(1A) and 206C(7)): 1% per month or part for delay in deduction, 1.5% per month or part for delay in deposit. Months are calendar months touched by the delay. Penalty and prosecution provisions are separate and not computed here. This is an estimate for information only — not tax advice.
Statement overdue or defaults piling up?
Our team files overdue TDS returns and computes the interest and fee payable. Checking the rate first? See the TDS Calculator.