July to September (Q2) October 15. October to December (Q3) January 15. January to March (Q4)
What is the due date for payment of TDS on salary?
Generally, the due date for TDS payment is always the 7th day of the next month, with a few exceptions. For example, if an organization wants to pay TDS for the month of July, then the TDS payment due date for the same will be the 7th of August.
Who should pay TDS?
When should TDS be deducted and by whom? Any person making specified payments mentioned under the Income Tax Act are required to deduct TDS at the time of making such specified payment. But no TDS has to deducted if the person making the payment is an individual or HUF whose books are not required to be audited.
What is the due date for TDS 2020-21?
(i) The due date to file TDS return for Q4 of the FY 2020-21 is extended from 30th June 21 to 15th July 21. (ii) The due date to furnish the TDS Certificate to employees in Form No. 16 is extended from 15th July 21 to 31st July 21.
When is second quarter estimated tax payment due?
However, keep in mind that second-quarter estimated tax payments are still due on June 15, 2020. As of the time of writing, the IRS has not indicated that this amount is eligible for deferral. Contributions to traditional and Roth IRAs for the 2019 tax year must be made by April 15, 2020.
When is the first quarter of the 2020 fiscal year?
Q2 2020: April 1 – June 30 Q3 2020: July 1 – September 30 Q4 2020: October 1 – December 31 Q1-Q4 2021: Fiscal Quarter Dates
When to report qualified wages on IRS Form 941-x?
Use line 33a to report qualified wages paid March 13, 2020 – March 31, 2020 for the Employee Retention Credit for Q2 of 2020. Use line 33b to correct the portion of the deferred amount of the employee’s share of Social Security tax for the third and fourth quarters of 2020.
When to file Form 941 for employment tax deferral?
If an employer is using EFTPS, in order to pay the deferred amount, an employer that files Form 941 should select Form 941, the calendar quarter in 2020 to which its payment relates and payment due on an IRS notice in EFTPS.