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income tax calendar

Income Tax Calendar- Important Dates for the Financial Year 2024-25


 

Timely payment of taxes not only gets you immense benefits in terms of savings but also keeps you out of troubles like penalisation, bad credit scores due to non-compliance, etc. Here is a month-wise income tax calendar with due dates for the financial year 2024-25  to ensure that you do not forget these important dates under Income Tax.

April 2024

*Due date

Purpose

Period

Description

14th April

 

TDS Certificate (Form 16B)

Feb‘24

Issuance of TDS certificate for Tax deducted under section 194IA**

TDS Certificate (Form 16C)

 

Feb‘24

Issuance of TDS certificate for Tax deducted under section 194IB***

TDS Certificate (Form 16D)

 

Feb‘24

Issuance of TDS certificate for Tax deducted under section 194M***

15th April*

PF/ ESI

Mar’24

Depositing contribution towards PF/ ESI

30th April

TDS Challan cum Statement in case of Section 194IA, 194IB and 194-M

Mar‘24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

Depositing TDS & TCS liabilities to the Income Tax department

Mar‘24

TDS & TCS liabilities deposit for March 2024.

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May 2024

*Due date

Purpose

Period

Description

7th May

Depositing TDS & TCS liabilities to the Income Tax department

Apr‘24

TDS & TCS liabilities deposit for April 2024.

15th May

TDS Certificate (Form 16B)

TDS Certificate (Form 16C)

TDS Certificate (Form 16D)

Mar‘24

Issuing TDS certificates for tax deducted under sections 194-IA, 194-IB, and 194M.

Quarterly TCS return

Jan-Mar‘24

Quarterly statement for TCS (Form 27EQ) for the quarter ending March 24.

PF/ESI

Apr‘24

Depositing contribution towards PF/ ESI

30th May

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Apr‘24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

LLP Form-11

FY 2023-24

Annual statement filing of LLP with details of business and partners of LLP for FY 2023-24.

Quarterly TCS Certificate

Jan-Mar’24

Issue of TCS certificate for Quarter 4 of FY 2023-24.

31st May

Quarterly TDS Return

Jan-Mar’24

Quarterly statement for TDS deposited for quarter ending March 2024.

June 2024

*Due date

Purpose

Period

Description

7th June

Depositing TDS & TCS liabilities to the Income Tax department

May‘24

TDS & TCS liabilities deposit for May 2024.

14th June

TDS Certificate (Form 16B)

Apr‘24

Issuing TDS certificates for tax deducted under section 194-IA, 194-IB, and 194M.

TDS Certificate (Form 16C)

Apr’24

Issuance of TDS certificate for Tax deducted under section 194-IB***

TDS Certificate (Form 16D)

Apr’24

Issuance of TDS certificate for Tax deducted under section 194-M***

15th June

TDS certificates for other than salary payments

Jan-Mar’24

Issuing TDS certificates (Form 16A)

TDS certificates for salary

FY 2023-24

Issuing TDS certificates (Form 16) to the employees for tax deducted at source on salary

Advance tax first instalment

FY 2024-25

Advance tax payment for FY 2024-25 (AY 2025-26).

 

15 percent of the estimated tax as advance tax instalment.

 

PF/ ESI

May‘24

Depositing contribution towards PF/ESI.

30th June

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

May‘24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

July 2024

*Due date

Purpose

Period

Description

7th July

Depositing TDS & TCS liabilities to the Income Tax department

Jun‘24

TDS & TCS Liabilities Deposit for June 2024.

15th July

TDS Certificate  (Form 16B)

May‘24

Issuance of TDS certificate for Tax deducted under section 194-IA**

TDS Certificate  (Form 16C)

May‘24

Issuance of TDS certificate for Tax deducted under section 194-IB***

TDS Certificate  (Form 16D)

May‘24

Issuance of TDS certificate for Tax deducted under section 194-M***

 

PF/ESI

Jun’24

Depositing contribution towards PF/ESI

 

Quarterly TCS return

Apr to Jun‘24

Quarterly statement for TCS (Form 27EQ) for the quarter ending June 24.

30th July

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Jun‘24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

 

Quarterly TCS Certificate

Apr-Jun’24

Issue of TCS certificate ( FORM 27D) for Quarter 1 of FY 2024-25

31st July

Furnishing quarterly TDS returns (Salary and non-salary)

Apr to Jun‘24

Quarterly statement for TDS (Form 24Q or Form 26Q) for the quarter ending June 24.

 

Income tax return filing

FY 2023-24

 

Income tax return filing for FY 2023-24 for individuals and entities not liable for tax audit, and who have not entered into any international or specified domestic transaction.

August 2024

*Due date

Purpose

Period

Description

7th Aug

Depositing TDS & TCS liabilities to the Income Tax department

Jul‘24

TDS & TCS liabilities deposit for July 2024.

14th Aug

TDS certificate (Form 16B)

TDS certificate (Form 16C)

TDS certificate (Form 16D)

Jun‘24

Issuing TDS certificates for tax deducted under section 194-IA, 194-IB, and 194M.

15th Aug

PF/ESI

Jul’24

Depositing contribution towards PF/ESI

Quarterly TDS certificates for other than salary payments.

Apr to Jun’24

Issuing TDS certificates other than salary payments (Form 16A) for the quarter ending June 2024

30th Aug

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Jul‘24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

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September 2024

*Due date

Purpose

Period

Description

7th Sep

TDS /TCS Liability Deposit

Aug‘24

Depositing TDS/ TCS liability

14th Sep

TDS certificate (Form 16B)

TDS certificate (Form 16C)

TDS certificate (Form 16D)

Jul‘24

Issuing TDS certificates for tax deducted under section 194-IA, 194-IB, and 194M

15th Sep

PF/ESI

Aug’24

Depositing contribution towards PF/ESI

Second advance tax instalment

FY 2024-25

Advance tax payment for FY 2024-25 (AY 2025-26).

 

45% of the total estimated tax as advance tax instalment (after deducting the advance tax paid in previous instalments).

30th Sep

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Aug‘24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

Tax audit report

FY 2023-24

 

Submission of the audit report (Section 44AB) for FY 2023-24 for those assessees covered under tax audit but do not have any international or specified domestic transactions.

October 2024

*Due date

Purpose

Period

Description

7th Oct

TDS /TCS Liability Deposit

Sep‘24

Depositing TDS/ TCS liability

15th Oct

TDS certificate (Form 16B)

TDS certificate (Form 16C)

TDS certificate (Form 16D)

Aug‘24

Issuing TDS certificates for tax deducted under section 194-IA, 194-IB, and 194M

PF/ESI

Sep’24

Depositing contribution towards PF/ESI

TCS quarterly return

July to Sep‘24

Quarterly statement for TCS (Form 27EQ) for quarter ending September 24.

30th Oct

Quarterly TCS certificate

July to Sep‘24

Issue of TCS certificate (FORM 27D) for the quarter ending September 24.

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Sep‘24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

31st Oct

Quarterly TDS return (Salary and non-salary)

July to Sep‘24

The quarterly quarterly statement for TDS (Form 24Q or Form 26Q) for the quarter ending September 24.

ITR filing for assessee covered under tax audit.

FY 2023-24

ITR filing for assessments requiring audit (not having international or specified domestic transactions).

Transfer pricing audit report

FY 2023-24

Submission of the audit report for FY 23-24 for assessee having international or specified domestic transactions

November 2024

*Due date

Purpose

Period

Description

7th Nov

TDS /TCS Liability Deposit

Oct‘24

Depositing TDS/ TCS liability

14th Nov

TDS certificate (Form 16B)

TDS certificate (Form 16C)

TDS certificate (Form 16D)

Sep‘24

Issuing TDS certificates for tax deducted under section 194-IA, 194-IB, and 194M

15th Nov

PF/ESI

Oct’24

Depositing contribution towards PF/ESI

TDS Certificate (Form 16A)

July to Sep’24

 

Quarterly TDS certificate (Other than salary)

30th Nov

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Oct‘24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

ITR filing for transfer pricing cases

FY 2023-24

ITR filing for TP cases (for assessee having international and specified domestic transactions)

December 2024

*Due date

Purpose

Period

Description

7th Dec

TDS /TCS Liability Deposit

Nov‘24

Depositing TDS/ TCS liability

15th Dec

TDS certificate (Form 16B)

TDS certificate (Form 16C)

TDS certificate (Form 16D)

Oct‘24

Issuing TDS certificates for tax deducted under sections 194-IA, 194-IB, and 194M

15th Dec

PF/ESI

Nov’24

Depositing contribution towards PF/ESI

Third advance tax instalment

FY 2024-25

Advance tax payment for FY 2024-25 (AY 2025-26).

 

75% of the estimated tax as advance tax instalment (calculated after deducting the advance tax paid in previous instalments)

30th Dec

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Nov 24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

31st Dec

Belated return or Revised return

FY 2023-24

The due date for filing a belated or revised return.

January 2025

*Due date

Purpose

Period

Description

7th Jan

TDS /TCS Liability Deposit

Dec‘24

Depositing TDS/ TCS liability

14th Jan

TDS certificate (Form 16B)

TDS certificate (Form 16C)

TDS certificate (Form 16D)

Nov‘24

Issuing TDS certificates for tax deducted under section 194-IA, 194-IB, and 194M

15th Jan

PF/ESI

Dec’24

Depositing contribution towards PF/ESI

TCS Return (Quarterly)

 

Oct to Dec‘24

Statement of TCS (Form 27EQ) deposited under income tax laws.

30th Jan

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Dec‘24

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

Quarterly TCS certificate

Oct to Dec’24

 

Issue of TCS certificate (FORM 27D)  for the quarter ending.

31st Jan

Quarterly TDS returns (Salary and non-salary)

Oct to Dec‘24

The quarterly statement for TDS (Form 24Q or Form 26Q) for the quarter ending December 24.

February 2025

*Due date

Purpose

Period

Description

7th Feb

TDS/ TCS liability deposit

Jan‘25

Depositing TDS/ TCS liability

14th Feb

TDS certificate (Form 16B)

TDS certificate (Form 16C)

TDS certificate (Form 16D)

Dec‘24

Issuing TDS certificates for tax deducted under sections 194-IA, 194-IB, and 194M

15th Feb

PF/ESI

Jan’25

Depositing contribution towards PF/ESI

Quarterly TDS certificates other than salary payments

Oct to Dec’24

Form 16A

March 2025

*Due date

Purpose

Period

Description

2nd Mar

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Jan‘25

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

7th Mar

TDS /TCS Liability Deposit

Feb‘25

Depositing TDS/ TCS liability

15th Mar

PF/ESI

Feb‘25

Depositing contribution towards PF/ESI

Final advance tax payment

Jan to Mar’25

Advance tax payment for FY 2024-25 (AY 2025-26).

 

100% of the estimated tax as advance tax instalment (calculated after deducting advance tax previous instalments)

17th Mar

TDS certificate (Form 16B)

TDS certificate (Form 16C)

TDS certificate (Form 16D)

Jan‘25

Issuing TDS certificates for tax deducted under section 194-IA, 194-IB, and 194M

30th Mar

Challan-cum-statement for tax deducted under 194IA, 194IB, and 194M

Feb‘25

Furnishing of challan-cum-statement under Section 194IA (Form 26QB), 194IB(Form 26QC),  and 194M

*Above due dates are subject to any changes notified by the department based on the recommendations and situations.

**   194-IA- TDS on payment made by the person transferring  Immovable property valuing more than fifty lakh rupees.

*** 194-IB- TDS on Rent paid by Individual /HUF to any resident exceeding fifty thousand rupees p.m.       

194-M – TDS on contractual payments made by Individual/HUF to any resident exceeding fifty lakh rupees.

Plan Early and Get ahead for next year’s savings
Use Tax Calculator and get your taxes estimates in mins as per new budget