📢 TDS/TCS Payment Due – Don’t Miss the Deadline!

🚨 Important Tax Compliance Reminder for July 2025

As we step into the new month, it’s time to ensure that all tax-related dues are in order. One of the critical deadlines for businesses and deductors is the TDS/TCS payment due on 7th July 2025 for the month of June 2025.

🗓️ What’s Due?

TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) payments that were deducted or collected during June 2025 must be deposited with the Income Tax Department by 7th July 2025.

This applies to:

  • Employers deducting TDS on salaries

  • Contractors, professionals, rent payers, and others covered under various TDS sections

  • E-commerce operators, sellers, and others responsible for collecting TCS

✅ Why Is Timely Payment Critical?

Missing the due date can result in:

  • Interest on late payment (1% per month or part thereof)

  • Penalties under the Income Tax Act

  • Disallowance of expenses in the tax computation

  • Possible prosecution in case of willful default

🧾 Common Sections for TDS Deduction:

  • Section 192 – Salaries

  • Section 194C – Contractors

  • Section 194J – Professional Fees

  • Section 194H – Commission

  • Section 194I – Rent

  • Section 194Q/206C(1H) – TDS/TCS on goods

🧠 Best Practices:

  • Reconcile challans with books

  • Use correct TAN and section codes

  • Validate PAN details to avoid defaults

  • Maintain TDS working and challan records

  • Don’t wait till the last minute!

🛡️ How Taxla Services Can Help

At Taxla Services, we provide expert support for:

  • Timely TDS/TCS payments

  • Accurate challan preparation

  • End-to-end compliance with return filing (24Q, 26Q, 27Q, etc.)

  • PAN validation and section-wise analysis

  • Audit support and correction of past defaults

📞 Contact us today for stress-free tax compliance:
📱 +91 9600076134 / 7200509886
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com
📍 Office: 19, SBI Colony 3rd Street, Saligramam, Chennai – 600093

🔖 Stay informed. Stay compliant. Partner with professionals who care.

#TDS #TCS #IncomeTaxIndia #TaxFilingAlert #DueDateReminder #TaxCompliance #TaxlaServices #ChennaiAuditor #IncomeTaxPractitioners #BestAuditorInTamilnadu



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