Late Fee and InterestFee for a late TDS or TCS statement
Section 427 of the Income-tax Act, 2025 charges ₹200 for every day a TDS or TCS statement is late, up to the amount of the tax. Enter the days of delay and the tax.
The rule
- ₹200 for every day during which the failure to deliver the statement continues.
- The total cannot be more than the tax deductible or collectible.
- It must be paid before the statement is delivered.
The time within which the statement is due is prescribed under section 397(3)(b) by rules, which this site did not read. Count the days from the due date in the rules for your quarter.
Common questions
What is the fee for a late TDS statement?
₹200 for every day the failure continues (section 427(1)), and not more than the tax deductible or collectible (section 427(2)).
When is it paid?
Before the statement is delivered.
Sources
- The Income-tax Act, 2025 (Act No. 30 of 2025), as published in the Gazette of India, Extraordinary (egazette.gov.in), read from the PDF on 13 November 2026. Sections used: 263(1)(c) (due dates), 398(3)(a) (late TDS and TCS interest), 423 (late return interest), 424 (advance tax default), 425 (advance tax deferment), 426 (excess refund), 427 (late statement fee), 428 (late return fee).
- Commencement and the repeal of the 1961 Act: section 1(3) (in force on 1 April 2026) and section 536 of the same Act, and the CBDT's "FAQs on Interplay and Transition to the Income-tax Act, 2025" (incometaxindia.gov.in), questions 1.12, 3.5 and 6.1, read on 13 November 2026.
- Counting months: sections 398(3)(a) and 424 say "every month or part of a month", and the CBDT's FAQs (Q on interest for defaults in deducting or depositing TDS and for advance tax, read 13 November 2026) say "per month or part thereof". The Act itself leaves "the rounding off of periods when a fraction of a month is involved" to the rules it empowers the Government to make (the list of rule-making powers, clause (u)); those Income-tax Rules were not read. This site therefore counts every started month, measured from the starting date (28 June to 2 July is one month; 10 January to 12 February is two), which matches "month or part thereof" but the rules may fix the starting-date convention differently. Section 423 itself says only "number of months comprised in the period", so its calculator also shows the whole-month count.
Rates and fees read on 13 November 2026 from the Income-tax Act, 2025 as published in the Gazette. Rules can be amended, and the portal or your assessing officer computes the final amount. This site does the arithmetic and is not tax advice; it is not connected with the Income Tax Department.