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FY 2026-27 · Income Tax Act, 2025 Ready
TDS Payment & TDS Return Filing for FY 2026-27
Deduct correctly, deposit on time, and file error-free quarterly TDS returns under the Income Tax Act, 2025. SetupFiling.in's Chartered Accountants handle your entire TDS compliance — Form 26Q, 24Q/138, 27Q/144, Form 26QB, Form 16 & 16A — start to finish.
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What is TDS Payment?
Tax Deducted at Source (TDS) is a mechanism under the Income Tax Act where the person making a specified payment — salary, rent, professional fees, contractor payments, interest, commission and more — deducts a fixed percentage of tax before releasing the amount to the recipient and deposits it with the Central Government. TDS payment refers to the actual deposit of this deducted amount into the government treasury through an online challan (Challan 281 for TDS/TCS, or Form 26QB for property transactions) on or before the prescribed due date.
From 1 April 2026, TDS provisions have been reorganised under the Income Tax Act, 2025. Salary TDS now falls under a new consolidated section (replacing old Section 192), and most non-salary TDS sections such as 194C, 194J, 194H, 194I and 194Q have been folded into a single consolidated provision, though the underlying rates, thresholds and commercial logic largely continue as before. Businesses, LLPs, companies, and individuals liable to deduct TDS must hold a valid Tax Deduction and Collection Account Number (TAN) to deposit tax and file returns.
Missing a TDS payment deadline attracts 1.5% monthly interest on the delayed amount, and continued non-payment can trigger prosecution under Section 276B. Our Advance Tax Payment Assistance team also helps businesses plan cash flow around both advance tax and TDS obligations together.
What is TDS Return Filing?
TDS return filing is the quarterly statement a deductor submits to the Income Tax Department, reporting every TDS deduction made during that quarter — the deductee's PAN, the amount paid, the section under which tax was deducted, and the challan through which it was deposited. This statement allows the deducted amount to reflect in the deductee's Form 26AS/Annual Information Statement so they can claim credit while filing their own Income Tax Return.
Form 24Q
Quarterly return for TDS deducted on salary payments under the salary TDS provision.
Form 26Q
Quarterly return for TDS on all non-salary domestic payments — contractors, professionals, rent, commission, interest, etc.
Form 27Q
Quarterly return for TDS deducted on payments made to non-resident deductees (excluding salary).
Form 26QB / 26QC
Challan-cum-statement for TDS on sale of immovable property or rent paid by an individual/HUF above the threshold. Read our detailed guide on TDS on Sale of Property (Form 26QB & Form 16B).
Late filing of a TDS return attracts a fee of ₹200 per day under Section 234E (capped at the TDS amount), plus a discretionary penalty of ₹10,000 to ₹1,00,000 under Section 271H for non-filing or incorrect PAN/details.
TDS Rate Chart for FY 2026-27 (Indicative)
Below is a quick-reference table of commonly applicable TDS sections and rates for resident payees with a valid PAN. If PAN is not furnished, TDS applies at 20% or the applicable rate, whichever is higher. Rates and thresholds are revised periodically by the Union Budget — always confirm the latest applicable rate with our tax experts before deduction.
| Nature of Payment | Threshold Limit | TDS Rate (Approx.) |
|---|---|---|
| Salary | As per applicable slab | Average income-tax slab rate |
| Interest on securities / other than securities | ₹10,000–₹50,000 (case-wise) | 10% |
| Payment to contractors (Individual/HUF) | ₹30,000 single / ₹1,00,000 aggregate | 1% |
| Payment to contractors (Others) | ₹30,000 single / ₹1,00,000 aggregate | 2% |
| Commission or brokerage | ₹20,000 | 2% |
| Rent – Plant & machinery | ₹2,40,000 p.a. | 2% |
| Rent – Land, building, furniture | ₹2,40,000 p.a. | 10% |
| Rent by Individual/HUF (non-audit case) | ₹50,000 per month | 2% |
| Purchase of immovable property | ₹50,00,000 | 1% |
| Professional / technical fees | ₹30,000 | 10% (professional) / 2% (technical) |
| Purchase of goods (Section 194Q) | ₹50,00,000 p.a. turnover-based | 0.1% |
| E-commerce operator payment to participant | Nil | 0.1% |
| Payment to partners (remuneration/interest) – new provision | ₹20,000 p.a. | 10% |
| Cash withdrawal beyond specified limit | ₹1 crore (₹20 lakh for non-filers) | 2% |
| Winnings from lottery / game shows | ₹10,000 | 30% |
Note: This chart is indicative and meant for general guidance only. Exact rates, thresholds and section-mapping under the Income Tax Act, 2025 (effective 1 April 2026) can vary by transaction type. Speak to our CAs on WhatsApp for the rate applicable to your specific payment.
TDS Payment & TDS Return Due Dates for FY 2026-27
| Compliance | Due Date |
|---|---|
| Monthly TDS payment (April–February deductions) | 7th of the following month |
| TDS payment for March deductions | 30th April |
| Form 26QB / 26QC (property/rent TDS) | Within 30 days from the end of the month of deduction |
| TDS Return – Quarter 1 (Apr–Jun 2026) | 31st July 2026 |
| TDS Return – Quarter 2 (Jul–Sep 2026) | 31st October 2026 |
| TDS Return – Quarter 3 (Oct–Dec 2026) | 31st January 2027 |
| TDS Return – Quarter 4 (Jan–Mar 2027) | 31st May 2027 |
| Issue of Form 16 (Salary TDS certificate) | 15th June 2027 (after year-end) |
| Issue of Form 16A (Non-salary TDS certificate) | Within 15 days of quarterly return due date |
Never miss a deadline — our compliance team tracks every due date for you and sends reminders well in advance. Check your Income Tax Filing timeline too on our Complete ITR Filing Guide for AY 2026-27.
Documents Required for TDS Payment & TDS Return Filing
For TDS Payment
- Valid TAN (Tax Deduction and Collection Account Number)
- PAN of the deductor and each deductee
- Details of payment made and TDS section applicable
- Bank account details for online challan payment
- Amount and date of deduction
For TDS Return Filing
- Copy of all deposited TDS challans (Challan 281) for the quarter
- PAN details of all deductees
- TAN registration certificate
- Deductee-wise breakup of amount paid and tax deducted
- Previous quarter's TDS return acknowledgment (for reference)
- Digital Signature Certificate, where applicable (for companies) — we also assist with Class 3 DSC issuance
How SetupFiling.in Handles Your TDS Payment & Return Filing
Step 1: Share Your Payment Details
Send us your salary, vendor, rent, contractor or professional payment data over WhatsApp or our online form — no office visit required.
Step 2: Rate & Section Verification
Our Chartered Accountants map each transaction to the correct TDS section and rate under the Income Tax Act, 2025, and verify PAN validity for every deductee.
Step 3: Challan Generation & TDS Payment
We generate Challan 281 (or Form 26QB/26QC for property/rent) and process the TDS payment on the income tax portal before the due date.
Step 4: Quarterly TDS Return Preparation
We prepare and validate Form 24Q, 26Q or 27Q using the deposited challan details and deductee-wise breakup, ensuring zero mismatch errors.
Step 5: e-Filing & Acknowledgment
Your TDS return is filed on the TRACES/income tax portal, and we share the filing acknowledgment and Form 16/16A generation support with you.
Step 6: Ongoing Compliance Tracking
We track every monthly payment and quarterly return deadline for the rest of FY 2026-27 and alert you well ahead of time.
Why 50,000+ Businesses Trust SetupFiling.in for TDS Compliance
- Founded by Chartered Accountants, Company Secretaries, and Trademark Attorneys with 15+ years of combined expertise
- Trusted by over 50,000 entrepreneurs, startups, and established businesses across India
- Transparent, affordable pricing with no hidden charges
- End-to-end support — from TAN application to challan payment, return filing, and Form 16/16A issuance
- Dedicated compliance manager and WhatsApp support for every client
- Bundled compliance support available with our GST Return Filing Services, Income Tax Audit Assistance, and Annual ROC Compliance Services
New to business compliance? Explore our Private Limited Company Registration and Professional Tax Registration services, or browse our full catalogue of compliance services.
Frequently Asked Questions on TDS Payment & TDS Return Filing FY 2026-27
What is the due date for TDS payment for FY 2026-27?
TDS deducted in any month (April to February) must be deposited by the 7th of the following month. TDS deducted in March can be deposited up to 30th April 2027.
What is the due date for filing TDS returns in FY 2026-27?
Quarterly TDS returns are due on 31st July, 31st October, 31st January, and 31st May, corresponding to Q1, Q2, Q3, and Q4 of FY 2026-27 respectively.
What happens if I miss the TDS payment due date?
Delayed TDS payment attracts interest of 1.5% per month from the date of deduction to the date of actual payment, in addition to possible penalty and prosecution for prolonged non-payment.
What is the penalty for late TDS return filing?
A late filing fee of ₹200 per day applies under Section 234E until the return is filed, capped at the total TDS amount. A separate penalty of ₹10,000 to ₹1,00,000 can also apply under Section 271H.
Is TAN mandatory for TDS payment and return filing?
Yes, every deductor must hold a valid Tax Deduction and Collection Account Number (TAN) to deposit TDS and file quarterly TDS returns.
What documents are required for TDS return filing?
You need deposited TDS challans, PAN details of all deductees, TAN registration certificate, and a deductee-wise breakup of payments and tax deducted for the quarter.
Has the TDS rate structure changed under the Income Tax Act, 2025?
Most TDS rates and thresholds remain largely unchanged for FY 2026-27, but the 194-series sections have been consolidated under the new Income Tax Act, 2025 with revised section numbering and reporting codes effective from 1st April 2026.
Can SetupFiling.in handle both TDS payment and return filing together?
Yes, SetupFiling.in offers end-to-end TDS compliance covering rate verification, challan payment, quarterly return filing, and Form 16/16A issuance for FY 2026-27.
How do I place an order for TDS filing services with SetupFiling.in?
Simply message us on WhatsApp at +91 98182 09246 or fill out our contact form, and our compliance team will get in touch within a few hours to begin your TDS filing.
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