Liked our Blogs?

Please share your details to Subscribe to our Newsletter

Tax Compliance Calendar for FY 2024-25

Important Dates for the Financial Year 2024–2025 on the Income Tax Calendar

Tax Compliance Calendar for FY 2024-25
Table of Contents
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Fiscal Year 2024–2025 Tax Compliance Calendar

The new financial year is here, and with it comes a fresh set of tax deadlines. Staying on top of these deadlines can be a challenge, but a well-organized tax compliance calendar can be your saving grace. This blog post will serve as your guide to the key tax filing and payment dates for FY 2024-25 in India.

This is a general guideline, and specific due dates may vary depending on the Income Tax Department and GST portal. Always refer to official sources or consult a tax professional for the most up-to-date information and deadlines applicable to your specific tax situation.

Assessment Year 2025-26

  • April (Assessment Year 2025-26) (Estimated)

    • April 1: New financial year begins.
    • April 7th (expected): Income tax e-filing portal likely opens (start preparing ITR for FY 2024-25).
    • April onwards: GST return filing deadlines throughout the year based on registration and turnover (GSTR-1, GSTR-3B, etc.).
  • May (Assessment Year 2025-26) (Estimated)

    • May 31: Due date for ITR filing for taxpayers whose accounts don't require audit (mostly salaried individuals).
  • June (Assessment Year 2025-26) (Estimated)

    • June 15: First installment of advance tax due if your tax liability exceeds Rs. 10,000.
  • July (Assessment Year 2025-26) (Estimated)

    • July 31: Due date for submitting tax audit report (if applicable).
  • August (Assessment Year 2025-26) (Estimated)

    • Potential due dates: TDS/TCS payments and quarterly return filings (Form 24Q, 26Q, 27EQ) depending on the previous quarter.
  • September (Assessment Year 2025-26) (Estimated)

    • September 15: Second installment of advance tax due.
    • Potential due date: Deadline for tax audit for businesses assessed in September.
  • October (Assessment Year 2025-26) (Estimated)

    • Potential due dates: TDS/TCS payments and quarterly return filings (Form 24Q, 26Q, 27EQ) depending on the previous quarter.
  • November(Assessment Year 2025-26) (Estimated)

    • No major tax deadlines for most taxpayers.
  • December (Assessment Year 2025-26) (Estimated)

    • December 31: Interest applies to any unpaid tax liability or interest starting from this date.
  • January (Assessment Year 2025-26) (Estimated))

    • No major tax deadlines for most taxpayers.
  • February (Assessment Year 2025-26) (Estimated)

    • No major tax deadlines for most taxpayers.
  • March (Assessment Year 2025-26) (Estimated)

    • March 31: Last date to pay any outstanding advance tax liability for FY 2024-25.
    • Potential due dates: GST return filing deadlines depending on the registration and turnover.

Crucial Things to Keep in Mind:

  • The general deadlines for individual taxpayers are as follows. The exact dates of dues may change based on your tax profile. For specific advice, it's always preferable to speak with a tax adviser.
  • While not all-inclusive, this calendar does highlight certain significant tax-related events. Depending on your particular tax status, additional tax-related filings or payments can be needed at different points during the year.
  • For taxpayers, the Income Tax Department of India website (https://www.incometax.gov.in/iec/foportal/) is a useful tool. On their website, you can get the most recent details regarding tax rules, forms, and deadlines.

Take Control Of Your Finances With Jordensky.com: Your AI-Powered Accounting Partner!

Running a business is exciting, but managing finances can be a real headache. Juggling accounting, taxes, and financial planning takes away precious time you could be focusing on growth. That's where Jordensky.com comes in!

Why Choose Jordensky?

  • AI-Powered Efficiency: Our cutting-edge platform automates tasks, saving you time and ensuring accuracy.
  • Expert Financial Guidance: Get access to a team of experienced accountants and financial advisors who understand your business needs.
  • Simplified Accounting & Taxes: Say goodbye to complex tax codes and bookkeeping hassles. Jordensky takes care of everything.
  • Real-Time Financial Insights: Gain instant access to clear, actionable financial reports to make informed business decisions.
  • Focus on What Matters: Free yourself from financial burdens and dedicate your energy to what you do best – growing your business.

Jordensky.com offers a comprehensive suite of services, including:

  • Accounting
  • Tax Preparation and Filing
  • CFO Services & Financial Planning
  • GST Compliance
  • And More!

Ready to Streamline Your Finances?

Ready to Streamline Your Finances? Visit Jordensky.com today for a free consultation and see how our AI-powered accounting solutions can help your business thrive!

Urvi Gandhi

Co-Founder at Jordensky