FY2025-26 Tax Calendar
Income tax isn't just about filing your ITR in July. There are multiple deadlines through the year — TDS, TCS, advance tax, Form 16 — and missing even one can cost you penalty money. This guide breaks down every important tax date for FY2025-26 so you never pay a rupee extra in fines.
Missing the advance tax deadline by even one day can cost you 1% interest per month on the unpaid amount — on a ₹50,000 tax liability, that's ₹500 every month you delay, roughly the cost of a decent dinner out.
Missing the ITR filing deadline of 31 July can cost you up to ₹5,000 in late fees — money that could have gone straight into your savings.
Key Takeaways
Mark your advance tax dates — 15 June, 15 September, 15 December, and 15 March — and pay in instalments to avoid 1% monthly interest under Section 234B/234C
Collect your Form 16 from your employer by 15 June and cross-check it against your AIS on the Income Tax portal before filing your ITR
File your ITR before 31 July 2025 to avoid a late filing fee of up to ₹5,000 and to keep your eligibility to carry forward capital losses
Tax season in India is not a single deadline — it's a calendar full of important dates spread across the entire financial year. For FY2025-26 (Assessment Year 2026-27), staying on top of these dates is the difference between a smooth filing experience and unnecessary penalties eating into your hard-earned money.
The first major milestone is advance tax. If your total tax liability for the year exceeds ₹10,000, you are required to pay it in four instalments: at least 15% by 15 June, 45% by 15 September, 75% by 15 December, and 100% by 15 March 2026. Salaried employees whose TDS is fully deducted by their employer are largely covered, but anyone with rental income, freelance income, capital gains, or interest income needs to calculate and pay this proactively.
For salaried taxpayers, Form 16 — the TDS certificate from your employer — must be issued by 15 June 2025. Once you have it, reconcile the figures against your Annual Information Statement (AIS) on the Income Tax portal. Mismatches between Form 16 and AIS are one of the top reasons ITR filings get flagged for scrutiny.
The ITR filing deadline for most individual taxpayers is 31 July 2025. Filing after this date means a late fee under Section 234F — up to ₹1,000 if your income is below ₹5 lakh, and up to ₹5,000 otherwise. More importantly, belated returns cannot carry forward losses from stocks, mutual funds, or property — a costly oversight for investors.
If you have a home loan, rental property, or run a small business, TDS deposit deadlines also apply to you. TDS deducted in any month generally needs to be deposited by the 7th of the following month. Use GoCredit to stay on top of your loan interest certificates, which you'll need for Section 24 deductions. Pro tip: set recurring calendar reminders for every key date right now — a 2-minute task today can save you thousands in penalties later.
Plan Your Tax Filing
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