Fees and Penalty for Late Filing of TDS Returns

Section 234E – Levy of Fees

Failure to submit TDS return on time will result in fees on the deductor.
If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS return is not filed.
The levied amount of fee is not supposed to exceed the TDS deductibles.
Prior to TDS filing such fee should be paid and it should be reflected in the TDS return.
Section 271H – Penalty

Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,
If deductor exceeds one year time limit to File TDS return.
If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.

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