As the financial year 2026-27 gets underway, taxpayers would do well to keep a close eye on key compliance deadlines to avoid penalties and last-minute hassles. The year is packed with important tax due
dates for individuals, businesses as well as financial institutions.
Here’s a month-wise income-tax compliance calendar for FY 2026-27, including deadlines for TDS deposits, advance tax payments, and income tax return filing:
April 2026
April 30: Deadline for TDS/TCS payments for March 2026 by non-government deductors; filing of Form 24G by government offices; submission of Form 15G/15H declarations; quarterly intimation by pension funds and sovereign wealth funds; deposit and challan-cum-statement filings for March TDS.
May 2026
May 7: Deposit of TDS/TCS for April 2026; submission of buyer declarations for tax-exempt procurement under new provisions.
May 15: Issuance of TDS certificates for specified transactions; reporting by stock exchanges and recognised associations; client code modification disclosures; filing of TCS quarterly statements.
May 30: Issuance of TCS certificates for Q4 FY 2025–26; reporting of business transactions under Section 285B.
May 31: Annual financial transaction reporting (Form 61A); PAN allotment applications where required; Form 61B reporting by financial institutions; donation reporting (Form 10BD); employee superannuation fund return filings.
June 2026
June 7: Deposit of TDS/TCS for May 2026; buyer declaration filings for May purchases.
June 15: Issuance of TDS certificates for salary and non-salary payments; first instalment of advance tax for FY 2026–27; quarterly TDS certificates for Q4 FY 2025–26; income distribution reporting by investment funds.
June 30: Reporting by Alternative Investment Funds (AIFs) to unit holders; securities transaction disclosures; TDS challan-cum-statement filings for May.
July 2026
July 31: Deadline for filing Income Tax Returns (ITR) for FY 2025–26 for taxpayers not subject to audit; payment of self-assessment tax, where applicable.
September 2026
September 15: Second instalment of advance tax, taking cumulative payment to 45%.
October 2026
October 31: Due date for filing ITR for taxpayers requiring audit.
November 2026
November 30: Filing of transfer pricing reports, where applicable; payment of self-assessment tax in relevant cases.
December 2026
December 15: Third instalment of advance tax (75% cumulative).
December 31: Last date to file belated or revised returns for AY 2026–27.
January-February 2027
This period is crucial for tax planning, including making eligible investments under applicable tax regimes and submitting proof of investments to employers for TDS adjustments.
March 2027
March 15: Final advance tax instalment, completing 100% of tax liability.
March 31: Last date to make tax-saving investments under the old tax regime; final window for belated or revised filings for earlier assessment years, wherever applicable.
Tracking these deadlines through the year can help taxpayers stay compliant, avoid penalties and optimise their tax planning in a timely manner.
