Section mapper · Advance tax, interest, late fees and refunds
Section 234E of the Income-tax Act, 1961 is now
section 427 of the Income-tax Act, 2025
The ₹200-a-day fee for a late TDS statement.
- Was
s.234E, Income-tax Act, 1961 (repealed)- Is now
s.427(1) and (2), Income-tax Act, 2025- In force from
What changed
Renumbered. Section 427(1) keeps the ₹200 for every day the failure continues, and 427(2) keeps the two limits — the fee cannot exceed the tax deductible or collectible, and it must be paid before the statement is delivered.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
Sections people look up next
- s.234F → s.428 — The late-filing fee
- s.271H → s.461 — Penalty for a late or incorrect TDS statement
- s.200 → s.397 — Your employer's duty to deposit the tax and file the quarterly statement