Fees and Penalty for Late Filing of TDS Returns are as follows:

Section 234E – Levy of Fees :

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

• Effective from 1st July 2012, any delay in furnishing the eTDS statement will result in a mandatory fees of Rs. 200 per day, the total fees should not exceed the total amount of TDS made for the quarter. The late filing fee should be paid before filing such delayed eTDS statement.

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 Statement.
• If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.