The new financial year FY26–27 has begun, bringing with it a fresh set of income tax deadlines that taxpayers should keep in mind.
Staying on top of these timelines and making timely investments can help
you avoid penalties and unnecessary hassles. Missing key deadlines could lead to compliance issues and added costs.
It’s also important to note that income tax deadlines go beyond just ITR filing. Taxpayers need to keep track of other obligations such as TDS, TCS, advance tax payments and various reporting requirements.
Income Tax Calendar for FY27
Here’s a month-wise snapshot of important tax deadlines to help you stay organised:
April
April 14
- Issue of TDS certificates for specified transactions (Sections 194-IA, 194-IB, 194M, 194S)
- Reporting of client code modifications by stock exchanges
- Filing of quarterly foreign remittance statement (Form 15CC)
April 30
- Last date to deposit TDS/TCS for March (non-government deductors)
- Government offices to file Form 24G
- Submission of Form 15G/15H declarations
- Quarterly intimation by pension funds and sovereign wealth funds
- Filing of TDS challan-cum-statement for March
May
May 7
- Deposit TDS/TCS for April
- Buyer declarations for tax-free goods (as per new provisions)
May 15
- Issue of TDS certificates for specified transactions
- Quarterly TCS statements
- Client code modification reporting
May 30
- Submission of TCS certificates for Q4 FY26
- Reporting under Section 285B
May 31
- Annual financial transaction reporting (Form 61A)
- PAN allotment deadline (where required)
- Filing of Form 61B by financial institutions
- Donation reporting via Form 10BD
- Superannuation fund return filings
June
June 7
- Deposit TDS/TCS for May
- Buyer declarations for May purchases
June 15
- Issue of TDS certificates for salary and non-salary payments
- First instalment of advance tax for FY27
- Quarterly TDS certificates (Q4 FY26)
- Income distribution reporting by investment funds
June 30
- AIF reporting to unit holders
- Reporting of securities transactions
- Filing of TDS challan-cum-statement for May
July
July 31
- ITR filing deadline for salaried and non-audit taxpayers
- Payment of self-assessment tax, if applicable
September
September 15
- Second instalment of advance tax (45% cumulative)
October
October 31
- ITR filing deadline for audit cases
November
November 30
- Transfer pricing report filing (if applicable)
- Self-assessment tax payment for specified cases
December
December 15
- Third instalment of advance tax (75% cumulative)
December 31
- Last date to file belated or revised returns for AY26–27
January–February
- Plan tax-saving investments under applicable regimes
- Submit investment proofs to employers for TDS adjustments
March
March 15
- Final advance tax instalment (100% payment)
March 31
- Last date for tax-saving investments under the old tax regime
- Deadline for revised or belated filings (for earlier years, if applicable)
Keeping track of these deadlines can help you file returns on time, avoid penalties, and plan your investments efficiently throughout FY27.
