Section 200 - Duty of person deducting tax - Income Tax - Ready Reckoner - Income Tax

Section 200 - Duty of person deducting tax Section 200 : Any person who deducts tax shall pay within the time prescribed to the credit of Central Government. Tax deducted at source is required to be paid to the credit of the Central Government within the time given below: Different Situation Time limit for deposit of tax When payer is the Govt. or when payment is made on behalf of the Govt. TDS is deposited without challan Same day TDS is deposited with challan On or before 7 days from the end of the month in which i. the deduction is made or ii. Income tax is due under section 192(1A) When tax is deducted by a person other than Govt. Where the income or amount is credited or paid in the month of March On or before 30 th April In any other case On or before 7 days from the end of the month in which i. the deduction is made or ii. Income tax is due under section 192(1A) Note - 1. If TDS is deducted u/s 194-IA , 194-IB or 194M then it should be deposited to Govt. within 30 days from the end of month in which it is deducted along with return in Form 26QB , 26QC , 26QD . 2. No correction statement shall be delivered after the expiry of six years from the end of the financial year in which the statement referred to in section 200(3) is required to be delivered. [ Second proviso of Section 200(3) ]