Levy u/s 234E of the Income Tax Act, 1961 is a statutory levy and cannot be waived

If the deductor is charged penalty amount u/s 234E then this penalty has to be paid to the Income Tax Department using Challan No.281 and this penalty cannot be waived under any circumstance.

What is Section 234E ?

Section 234E – Levy of Fees:

 Failure to submit TDS return on time will result in fees on the deductor.

 If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS return is not filed.

 The levied amount of fee is not supposed to exceed the TDS deductibles.

 Prior to TDS filing such fee should be paid and it should be reflected in the TDS return.