Essential Tax Deadlines You Shouldn’t Miss
Staying on top of tax deadlines is crucial to avoid penalties and ensure compliance with Indian tax laws. Here’s a comprehensive guide to key tax deadlines that every taxpayer should be aware of.
Income Tax Filing Deadlines
- 31st July: Individuals and Hindu Undivided Families (HUFs) not requiring audit under the Income Tax Act must file their income tax returns (ITR).
- 31st October: Businesses, individuals, and HUFs requiring audit under the Income Tax Act must file their ITR.
- 15th February: Due date for filing belated or revised tax returns for the previous financial year.
Advance Tax Payment Deadlines
- 15th June: Due date for the first installment of advance tax for the financial year.
- 15th September: Due date for the second installment of advance tax.
- 15th December: Due date for the third installment of advance tax.
- 15th March: Due date for the fourth installment of advance tax.
Goods and Services Tax (GST) Deadlines
- 20th of Every Month: Monthly GST return filing for regular taxpayers.
- 31st December: Annual GST return filing for taxpayers with turnover exceeding specified limits.
Tax Deduction at Source (TDS) Deadlines
- 7th of Every Month: Due date for depositing TDS/TCS for the previous month.
- 30th June, 30th September, 31st December, 31st March: Quarterly TDS return filing due dates.
Other Important Deadlines
- 30th June: Due date for filing Form 15G/15H to avoid TDS deduction if your income is below taxable limits.
- 31st July: Due date for linking Aadhaar with PAN.
Stay Compliant, Avoid Penalties
Missing tax deadlines can lead to penalties and unnecessary hassles. Mark your calendar and set reminders to ensure timely compliance with tax regulations. For personalized assistance with tax compliance, contact us at +91 911 891 1172.