7 Tax Deadlines in October: Are You Ready?
October 2026 is packed with income tax, TDS, GST, and audit deadlines. Miss any one and you face penalties, interest, or disallowed expenses. Here is what every salaried person, freelancer, and small business owner must do this month.
Missing the TDS deposit deadline costs 1.5% per month — more than most savings accounts pay you.
Miss even one and your penalty could hit ₹10,000 or more
Key Takeaways
Check your September TDS deductions and confirm your employer or business has scheduled the government deposit before October 7 to avoid interest at 1.5% per month.
If your turnover crossed ₹1 crore (business) or ₹50 lakh (professional), call your CA today and confirm the tax audit report will be filed by October 30 — do not wait for the last week.
Log in to the GST portal and verify your GSTR-1 and GSTR-3B filings are up to date for September before the October due dates to avoid late fees of up to ₹50 per day.
October 2026 is packed with income tax, TDS, GST, and audit deadlines. Miss any one and you face penalties, interest, or disallowed expenses. Here is what every salaried person, freelancer, and small business owner must do this month.
Here's what happened: October 2026 carries multiple overlapping tax deadlines — TDS deposit by October 7, tax audit report by October 30, and ITR for audit cases by October 31.. The tax audit deadline applies to businesses with turnover above ₹1 crore and professionals with receipts above ₹50 lakh — missing it attracts a penalty of 0.5% of turnover or ₹1.5 lakh, whichever is lower.. Monthly GST return filers (GSTR-1 and GSTR-3B) also have October deadlines, and late GST filing attracts late fees plus 18% annual interest on unpaid tax liability..
What you should do: Check your September TDS deductions and confirm your employer or business has scheduled the government deposit before October 7 to avoid interest at 1.5% per month.. If your turnover crossed ₹1 crore (business) or ₹50 lakh (professional), call your CA today and confirm the tax audit report will be filed by October 30 — do not wait for the last week.. Log in to the GST portal and verify your GSTR-1 and GSTR-3B filings are up to date for September before the October due dates to avoid late fees of up to ₹50 per day..
If you missed the TDS deposit deadline, pay with challan 281 immediately — interest stops accruing the day you pay, even if the quarter is not over yet.
For readers weighing their credit and loan options, our personal loan guide and CIBIL score resources put this update in context.
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- [1]“CA, CS, CMA | October 2026 Tax Compliance Calendar: Income Tax, TDS, GST & Audit Deadlines” taxguruin · 4 Oct 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.
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