Essential Income Tax Deadlines for Financial Year 2026-27
Income tax deadlines for FY27: From ITR filing to TDS certificate, key dates you should remember
Mint
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The financial year 2026-27 has commenced, bringing important income tax deadlines for taxpayers in India. Key dates include the Income Tax Return (ITR) filing deadline on July 31, 2027, and various TDS and TCS payment deadlines throughout the year, crucial for avoiding penalties.
- 01ITR filing deadline for salaried and non-audit taxpayers is July 31, 2027.
- 02First instalment of advance tax is due on June 15, 2027.
- 03TDS certificates for salary payments must be issued by June 15, 2027.
- 04Tax-saving investments must be completed by March 31, 2027.
- 05Late filings and payments may incur penalties.
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As the financial year 2026-27 begins, taxpayers in India must be aware of critical income tax deadlines to avoid penalties. The Income Tax Return (ITR) filing deadline for salaried and non-audit taxpayers is set for July 31, 2027. Various other important dates include the first instalment of advance tax due on June 15, 2027, and TDS certificates for salary payments, which must be issued by the same date. Throughout the year, taxpayers should also be mindful of TDS and TCS payment deadlines, including the last day to pay TDS/TCS for March, which is April 30, 2027. Additionally, tax-saving investments must be completed by March 31, 2027, to qualify under the old tax regime. Staying informed about these deadlines will help taxpayers manage their finances effectively and avoid unnecessary penalties.
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Adhering to these deadlines can prevent financial penalties and ensure compliance with tax regulations, benefiting taxpayers financially.
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