New forms from 1 April 2026
For deductions and collections from 1 April 2026, returns are filed under the Income-tax Act, 2025 on new forms. Old forms continue only for periods up to 31 March 2026, including corrections.
| Purpose | Up to 31 March 2026 | From 1 April 2026 |
|---|---|---|
| TDS on salary (quarterly) | Form 24Q | Form 138 |
| TDS on other payments to residents | Form 26Q | Form 140 |
| TCS (quarterly) | Form 27EQ | Form 143 |
| TDS on payments to non-residents | Form 27Q | Form 144 |
| Salary TDS certificate | Form 16 | Form 130 |
| Non-salary TDS certificate | Form 16A | Form 131 |
| Employee investment declaration | Form 12BB | Form 124 |
Compliance calendar
| What | Due date |
|---|---|
| Deposit of TDS/TCS | 7th of the following month (TDS for March: 30 April) |
| Q1 return (April–June) | 31 July |
| Q2 return (July–September) | 31 October |
| Q3 return (October–December) | 31 January |
| Q4 return (January–March) | 31 May |
Late returns attract a fee of ₹200 per day, capped at the tax deducted, and late deposit attracts interest. Deducting less than required, or deducting and not depositing, can also disallow the expense in your own return.
What we handle
- TAN registration and TRACES set-up.
- Section and rate mapping for vendor payments: contractors, professionals, rent, commission, purchase of goods and property.
- Monthly challans and quarterly returns; salary TDS computation with regime choice.
- Certificates to employees and vendors.
- Correction statements, PAN errors, short deduction and late payment defaults on TRACES.
- Lower or nil deduction certificates for your business (section 395, Form 128).
Clearing TRACES defaults
- Download the justification report for the quarter.
- Identify the cause: invalid PAN, short deduction, late payment or challan mismatch.
- File a correction statement, or pay interest and late fee where the default is genuine.
- Recheck the default summary after processing.
Rates and thresholds by payment type are in the TDS calculator.
Want this handled for you?
Send your details and get a written scope, timeline and fee before any work starts.