June 15 Tax Deadline: 3 Things You Must Do Today

June 15 is a triple deadline — advance tax instalment, Form 16 issuance by your employer, and 8th Pay Commission memoranda submission. Miss any one and you could face penalties, delays in salary revision, or interest charges on your tax dues.

Here's what happened: June 15 is the due date for the first advance tax instalment (15% of annual estimated tax liability) for FY 2025-26.. Employers must issue Form 16 to salaried employees by June 15 every year — it is mandatory under the Income Tax Act.. June 15 is also the last day to submit memoranda to the 8th Pay Commission, which will revise salaries and pensions for central government staff..

What you should do: Calculate your estimated income for FY 2025-26 and pay at least 15% of your tax liability as advance tax at incometax.gov.in before June 15 to avoid Section 234B/234C interest.. Collect your Form 16 from your employer by June 15 — if it is delayed, follow up in writing, as you need it to file your ITR before July 31.. If you are a central government employee or pensioner, check with your department or service association whether your memorandum to the 8th Pay Commission has been submitted before the deadline closes..

Even if your total tax liability is below ₹10,000 for the year, filing advance tax voluntarily builds a clean tax record and speeds up future loan and visa approvals.