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TDS & TCS Calculator

Tax Year 2026-27 · As per Income Tax Act 2025 · Updated 02-May-2026

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Tip — try: rent, salary, contractor, professional fees, dividend, mutual fund, cash withdrawal, virtual digital asset, lottery, partner remuneration

Compliance Dates & Deadlines

Monthly deposits, quarterly filings, and certificate issuance timelines.

🏦 Monthly TDS Deposit — Section 392/393
April to February: Deposit within 7 days after the month of deduction.
March: Deposit within 30 days after the month ends.
🧾 Monthly TCS Deposit — Section 394
April to March: Deposit within 7 days after the month of collection (uniform for all months).

Quarterly TDS/TCS Statement Filing

Form No. 138 / 140 / 143 / 144 (earlier 24Q / 26Q / 27Q / 27EQ)

QuarterPeriodDue Date
Q1April – June31st July of the Tax Year
Q2July – September31st October of the Tax Year
Q3October – December31st January of the Tax Year
Q4January – March31st May of the Tax Year

Quarterly TCS Statement Filing

Form No. 143 (earlier 27EQ)

QuarterPeriodDue Date
Q1April – June7th July of the Tax Year
Q2July – September7th October of the Tax Year
Q3October – December7th January of the Tax Year
Q4January – March7th April of the Tax Year

TDS/TCS Certificate Issuance

Form Nos. 130 / 131 / 132 / 133 (earlier 16 / 16A / 16B / 27D)

FormIssued AgainstDue Date
Form 130 (old Form 16)Form 138 (Salary/24Q)15th June of FY following Tax Year
Form 131 (old Form 16A)Form 140 & 144 (26Q & 27Q)15th June of FY following Tax Year
Form 132 (old 16B/16C/16D/16E)Form 141 (26QB/QC/QD/QE)Within 15 days from due date of challan-cum-statement
Form 133 (old Form 27D)Quarterly TCS StatementQ1: 15 Aug · Q2: 15 Nov · Q3: 15 Feb · Q4: 15 Jun

Penalties & Interest

Failure to deduct TDS/TCS: Interest @ 1% per month or part thereof, from the date tax was deductible/collectible to the date of actual deduction/collection — Section 398(3)(a)(i).
Failure to deposit after deduction/collection: Interest @ 1.5% per month or part thereof, from the date of deduction/collection to the date of actual payment — Section 398(3)(a)(ii).
Failure to file TDS/TCS statements: Fee of ₹200 per day for the duration of default. Such fee shall not exceed the total tax deductible/collectible — Section 427.

Section Structure Map

New SectionSubjectOld Section(s)Form No. (New)Form No. (Old)
Section 392Salary TDS192Form 13824Q
Section 393(1)TDS – Payments to Residents193, 194, 194A…194SForm 14026Q
Section 393(2)TDS – Payments to Non-Residents195, 196A…196DForm 14427Q
Section 393(3)TDS for Any Person (Lottery, Games, Cash)194B, 194BA, 194NForm 14026Q
Section 394Tax Collection at Source (TCS)206CForm 14327EQ
Section 397(2)Higher TDS for Non-PAN cases206AA / 206CCForm 138/140/144/14324Q/26Q/27Q/27EQ
Information shown is as per the TDS & TCS Rate Chart for Tax Year 2026-27 reflecting amendments under the Income Tax Act 2025. Always cross-check with the official TRACES / Income Tax portal before filing returns. TaxFetch India is not liable for any decision taken solely based on this calculator.