16 March 2011
The tax deducted has to be deposited in the designated banks within specified time. (Govt. deductors shall transfer the tax deducted through book entry in Government account).This is detailed below:
â–¬ By or on behalf of the Government : on the same day,
â–¬ By or on behalf of any other person : On or before the 7th of the following month.
However, for the month of march the tax should be remitted by 30th April.
(Prior to FY 10-11, if the amount is credited in the books on 31st March then the tax had to be remitted by 31st May and if TDS deducted on payment on 31st March due date remained 7th April)