TDS Compliance Checklist for April 2026: Key Deadlines and Filing Steps
In April 2026, people and businesses who deduct TDS (Tax Deducted at Source) have some important tasks to complete. These steps must be done on time to avoid penalties and to ensure that the person whose tax was deducted can easily claim credit for it.
How to Deposit TDS by April 30
The main deadline is April 30, 2026, for depositing TDS deducted in March 2026. This deadline applies to non–government deductors. To deposit the tax, they must use Challan ITNS 281 through the Income Tax e-filing portal. While making the payment, it is important to choose the correct assessment year and type of payment. The amount can be paid through NetBank or authorised banks. All challan details must be entered carefully so that the payment can be matched correctly later.
Filing of Challan-cum-statements
Along with depositing the TDS, deductors also need to file challan-cum-statements for March transactions under sections 194-IA, 194-IB, 194M, and 194S. This filing is done on the Income Tax portal. They must provide the following details:
- PAN
- Amount deducted, and
- Date of deduction
The challan information entered in the statement should match the actual payment made. After submitting the form online, they can download an acknowledgement for their records.
Check Major Dates to Avoid Penalties
In addition to TDS-related tasks, there are several other reporting requirements to consider:
April 15: Stock exchanges and recognised associations are required to submit reports on client code modifications for March 2026.
April 15: Authorised dealers must file Form 15CC as part of the quarterly reporting of foreign remittances.
April 30: Government offices must file Form 24G if TDS has been paid without using a challan.
April 30: Form 61 needs to be submitted for any Form 60 declarations received between October 2025 and March 2026.
Since many compliance deadlines fall in April, deductors should plan in advance. Completing payments and filings accurately and on time helps avoid penalties and ensures that taxpayers receive proper credit for the TDS deducted from their income.
