Income Tax Calendar FY 2024-25
Posted On
Posted By admin
(Important Due Dates for FY 2024-25)
Monitoring due dates within a financial year is essential for budgeting, financial reporting, tax planning, and meeting contractual obligations. It enables organisations to allocate resources effectively, comply with regulatory requirements, and evaluate performance. Timely tracking also fosters investor confidence by demonstrating financial discipline and transparency. Failure to meet deadlines can lead to penalties and legal repercussions, highlighting the critical importance of diligence in managing financial obligations within the designated timeframe.
April 2024
| Due Date | Period | Description |
| April 14, 2024 | February 2024 | TDS certificate for tax deducted under Section 194-IA, Section 194-IB, Section 194M and Section 194S. |
| April 30, 2024 | March 2024 | TDS certificate for tax deducted under Section 194-IA, Section 194-IB, Section 194M and 194S. |
| April 30, 2024 | March 2024 | Due Date of Depositing Tax Deducted. |
| April 30, 2024 | January 2024 – March 2024 | Depositing tax deducted under sections 192, 194A, 194D and 194H. |
| April 30, 2024 | January 2024 – March 2024 | Uploading Form 15G/Form 15H. |
May 2024
| Due Date | Period | Description |
| May 07, 2024 | April 2024 | Depositing TDS and TCS. |
| May 15, 2024 | March 2024 | Issuing TDS certificate for tax deducted under sections 194-IA, 194-IB, 194M and 194S. |
| May 15, 2024 | March 2024 | Filing quarterly statement of TCS deposited. |
| May 30, 2024 | April 2024 | Filing challan statement for TDS under sections 194-IA, 194M, 194-IB and 194S. |
| May 31, 2024 | January 24 – March 24 | Last date for filing quarterly statement of TDS deposited |
| May 31, 2024 | January 24 – March 24 | Issuing TCS certificates. |
June 2024
| Due Date | Period | Description |
| June 7, 2024 | May 2024 | Depositing TDS and TCS. |
| June 14, 2024 | April 2024 | Issuing TDS certificate for tax deducted under Section 194-IA, 194-IB, 194M and 194S. |
| June 15, 2024 | FY 2024-25 | Depositing the first instalment of advance tax. |
| June 15, 2024 | FY 2023-24 | Issuing TDS certificates (Form 16) to the employees for tax deducted at source on salary. |
| June 15, 2024 | January 2024- March 2024 | Issuing TDS certificates (Form 16A) other than salary. |
| June 30, 2024 | May 2024 | Filing challan statement under sections 194-IA, 194-IB, 194M and 194S. |
July 2024
| Due Date | Period | Description |
| July 07, 2024 | June 2024 | Deposit TDS and TCS for tax deducted. |
| July 07, 2024 | April 2024 – June -2024 | Deposit TDS deducted under sections 192, 194A, 194D and 194H. |
| July 15, 2024 | May 2024 | Issuing TDS certificates for tax deducted under sections 194-IA (Form 16B), 194-IB (Form 16C), 194M (Form 16D) and 194S (Form 16A). |
| July 15, 2024 | April 2024 – June 2024 | File quarterly statement of TCS (Form 27EQ) deposited. |
| July 30, 2024 | April 2024 – June 2024 Quarter | Date to collect TCS certificate (Form 27D) for tax collected on purchase of motor vehicles, overseas travel. |
| July 30, 2024 | June 2024 | File challan statement under sections 194-IA, 194-IB, 194M and 194S. |
| July 31, 2024 | April 2024 – June 2024 | Date for filing quarterly TDS statement. |
| July 31, 2024 | FY 2023-2024 | The deadline for filing income tax returns for individuals, including the majority of salaried and a significant portion of non-salaried individuals, whose accounts do not necessitate auditing. |
August 2024
| Due Date | Period | Description |
| August 07, 2024 | July 2024 | Last date for depositing TDS and TCS. |
| August 14, 2024 | June 2024 | Issuing TDS certificates for tax deducted under sections 194-IA (Form 16B), 194-IB (Form 16C), 194M (Form 16D) and 194S (Form 16A). |
| August 15, 2024 | April 2024 – June 2024 | Issuing quarterly TDS certificates (Form 16A) for the tax deducted from payments other than salary. |
| August 30, 2024 | July 2024 | Filing challan statements for tax deducted under sections 194-IA (Form 26QB), 194-IB (Form 26QC), 194M and 194S. |
September 2024
| Due Date | Period | Description |
| September 07, 2024 | August 2024 | Deposit of TDS and TCS for the Tax Deposited. |
| September 14, 2024 | July 2024 | Issue TDS certificates for tax deducted under sections 194-IA (Form 16B), 194-IB(Form 16C) , 194M (Form 16D) and 194S (Form 16A). |
| September 15, 2024 | FY 2024-2025 | Deposit the second instalment of Advance Tax. |
| September 30, 2024 | FY 2023-2024 | Submitting audit report for FY 2023-24 for those taxpayers who have not undertaken international or specified domestic transactions. |
| September 30, 2024 | August 2024 | Filing challan statement under sections 194-IA (Form 26QB), 194-IB (Form 26QC), 194M (Form 26QD) and 194S (26QE). |
October 2024
| Due Date | Period | Description |
| October 07, 2024 | September 2024 | Deposit of TDS and TCS for the Tax Deposited. |
|
October 07, 2024 |
July 2024 – September 2024 Quarter. | Deposit TDS for tax deducted under sections 192, 194A, 194D and 194H. |
| October 15, 2024 | August – 2024 | Issue TDS certificates for tax deducted under sections 194-IA, 194-IB, 194S and 194M. |
|
October 15, 2024 |
July 2024 – September 2024 | Filing quarterly statement of TCS (Form 27EQ) deposited. |
|
October 30, 2024 |
September 2024 | File challan statement for tax deducted under sections
194-IA, 194-IB, 194M and 194S. |
| October 30, 2024 | July 2024 – September 2024 | Issue of quarterly TCS certificate (Form 27D). |
| October 31, 2024 | FY 2023-24 | Filing income tax return for those whose accounts are required to be audited. |
| October 31, 2024 | FY 2023-24 | Submission of audit report for taxpayers having international or specified domestic transactions. |
| October 31, 2024 | July 24 – September 24 | Filing quarterly statement of TDS deposited. |
November 2024
| Due Date | Period | Descriptions |
| November 07, 2024 | October 2024 | Deposit TDS and TCS deducted. |
| November 14, 2024 | September 2024 | Issue TDS certificates for TDS deducted under sections 194-IA, 194-IB,194M and 194S |
|
November 15, 2024 |
July 24 – September 24 | Issue quarterly TDS certificate for the tax deducted on payments other than salaries. |
| November 30, 2024 | October 2024 | File challan statement for tax deducted under sections 194-IA, 194-IB, 194M and 194S. |
| November 30, 2024 | FY 2023-24 | File ITR for FY 2023-24 for those taxpayers whose accounts are required to be audited and have international or specified domestic transactions. |
December 2024
| Due Date | Period | Description |
|
December 07, 2024
|
November 2024 | Deposit of TDS and TCS deducted. |
|
December 15, 2024
|
FY 2024-25 | Deposit the third instalment of advance tax. |
| December 15, 2024 | October 2024 | Issue TDS certificates for tax deducted under sections 194-IA, 194-IB, 194M and 194S. |
| December 30, 2024 | November 2024 | File challan statement for tax deposited under sections 194-IA, 194-IB, 194M and 194S. |
| December 31, 2024 | FY 2023-24 | Filing of belated/revised ITR. |
January 2025
| Due Date | Period | Description |
| January 07, 2025 | December 2024 |
Deposit of TDS and TCS deducted. |
| January 14, 2025 | November 2024 | Issue TDS certificates for tax deducted under sections 194-IA, 194-IB, 194M and 194S. |
| January 30, 2025 | December 2024 | File challan statement for tax deposited under sections 194-IA (Form 26QB), 194-IB (Form 26QC), 194M and 194S. |
| January 30, 2025 | October 2024 – December 2024 | Issue of TCS Certificate (Form 27D). |
| January 31, 2025 | October 24 – December 24 | Quarterly Statement for TDS (Form 24Q or Form 26Q). |
February 2025
| Due Date | Period | Description |
| February 07, 2025 | January 2025 | Deposit of TDS and TCS deducted. |
| February 14, 2025 | December 2024 | Issue TDS certificates for tax deducted under sections 194-IA, 194-IB, 194M and 194S. |
| February 15, 2025 |
October 2024 – December 2024 |
Issue quarterly TDS certificate for the tax deducted on payments other than salaries. |
March 2025
| Due Date | Period | Description |
| March 02, 2025 | January 2025 | File challan statement for tax deposited under sections 194-IA (Form 26QB), 194-IB (Form 26QC), 194M and 194S. |
| March 07, 2025 | February 2025 | Deposit of TDS and TCS deducted. |
| March 15, 2025 | January 2025 – March 2025 | 100% estimated Advance Tax payment for FY 2024-25. |
| March 17, 2025 | January 2025 | Issue TDS certificates for tax deducted under sections 194-IA (Form 16B), 194-IB(Form 16C) , 194M (Form 16D) and 194S (Form 16A). |
| March 30, 2025 | February 2025 | File challan statement for tax deposited under sections 194-IA (Form 26QB), 194-IB (Form 26QC), 194M and 194S. |
