TDS/TCS Payment Due – 7th August 2025

Stay Compliant & Avoid Penalties – File Your July 2025 TDS/TCS on Time

The Income Tax Department mandates that all entities deducting or collecting tax at source must deposit the same within the prescribed due dates. For the month of July 2025, the due date for payment of TDS and TCS is 7th August 2025.

What is TDS (Tax Deducted at Source)?

TDS is a mechanism where a certain percentage of payment is deducted at the source by the payer before making payment to the payee. This ensures that tax is collected in advance and credited to the government.
Examples include:

  • Salary payments

  • Professional fees

  • Rent payments

  • Contractor payments

What is TCS (Tax Collected at Source)?

TCS is the tax collected by a seller from the buyer at the time of sale of certain goods or services.
Examples include:

  • Sale of scrap

  • Sale of minerals

  • Sale of motor vehicles above a specified limit

  • E-commerce transactions (by operators)

Who Should Pay by 7th August 2025?

  • All entities who have deducted TDS in July 2025.

  • All sellers/e-commerce operators who have collected TCS in July 2025.

Steps to Deposit TDS/TCS Payment

  1. Calculate the total TDS/TCS for July 2025.

  2. Generate Challan ITNS 281 on the Income Tax Portal.

  3. Make payment via net banking, debit card, or through an authorised bank branch.

  4. File the respective TDS/TCS returns within the due dates (quarterly).

Consequences of Late Payment

Failing to deposit TDS/TCS on time can lead to:

  • Interest @ 1.5% per month (for TDS) or 1% per month (for TCS) till the date of payment.

  • Late fees and penalties under Section 234E & 271H of the Income Tax Act.

  • Disallowance of expenses in computation of taxable income.

Why Timely Compliance is Important?

  • Avoid unnecessary interest and penalties.

  • Maintain a good compliance record.

  • Build credibility with vendors, clients, and government authorities.

📞 Contact us today for hassle-free TDS/TCS payment assistance
✅ We ensure 100% accurate calculations and timely deposits.

📞 +91 7305701454
📧 auditsiva2@gmail.com
🌐 www.taxlaservices.com

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