Income Tax Compliance Calendar July 2025
Income Tax Compliance Calendar July 2025 is crucial for taxpayers, CAs, and businesses to avoid penalties and interest. With several key deadlines — from TDS payments to ITR filings — July is one of the busiest months in the income tax calendar. Let’s break it down week by week.
Key Due Dates Under Income Tax – July 2025
| Due Date | Compliance Type | Details |
|---|---|---|
| 7 July 2025 | TDS/TCS Deposit | Due date for depositing TDS/TCS deducted in June 2025. |
| 15 July 2025 | Form 24G | For Govt. offices – TDS without challan for June 2025. |
| 15 July 2025 | TCS Return (Form 27EQ) | For Q1 (Apr–Jun 2025). Applicable to collectors. |
| 15 July 2025 | Advance Tax for FY 2025–26 (Q1) – for non-corporates opting presumptive scheme | Those under Section 44AD/44ADA must pay full advance tax in one go. |
| 30 July 2025 | TDS Return (Form 26Q, 27Q, 24Q)** | For Q1 (April–June 2025). |
| 31 July 2025 | ITR Filing for AY 2025–26 | Due date under Section 139(1) for: <ul><li>Individuals (non-audit)</li><li>HUFs</li><li>Firms not requiring audit</li></ul> (Extended to 15 Sept 2025 via CBDT Circular No. 06/2025) |
ITR Filing Due Date Extended to 15 September 2025
Important Update: The CBDT extended the ITR filing due date for non-audit cases from 31 July 2025 to 15 September 2025 via Circular No. 06/2025 dated 27.05.2025. This extension applies to:
- Individuals
- HUFs
- Partnership firms (non-audit)
🔗 Related Blog: Who Can File ITR Under the New Regime?
Key Forms & Their Relevance
| Form | Use |
|---|---|
| Form 24Q | TDS on salary |
| Form 26Q | TDS on all payments (non-salary) to residents |
| Form 27Q | TDS on payments to non-residents |
| Form 27EQ | Quarterly TCS statement |
| Form 24G | TDS by govt. deductors without challan |
Expert View – Timely Filing Tips
“Don’t wait till the last day. TDS returns need accurate PAN validation and matching of challans. Even a single mismatch may delay ITR processing for employees and vendors.”
— CA Karthik R., Tax Compliance Consultant
🧠 Pro Tip: Cross-check Form 26AS and AIS before filing your ITR to avoid notices later.
Penalty for Missing Due Dates
| Compliance | Late Fee / Penalty |
|---|---|
| TDS/TCS payment delay | Interest @ 1% per month u/s 201(1A) |
| TDS return delay | ₹200/day u/s 234E (max up to TDS amount) |
| ITR late filing | ₹5,000 under Section 234F (₹1,000 if income < ₹5 lakh) |
Quick Checklist for July
- Deposit June TDS by 7th
- File Form 27EQ (Q1) by 15th
- Verify and upload Q1 TDS returns (Form 24Q/26Q/27Q)
- Ensure TCS data tallies with GSTR-1 (if applicable)
- Start preparing ITRs early — due date extended, but don’t delay
Frequently Asked Questions (FAQs)
Q1. Is July 31 still the last date for ITR filing in 2025?
A: No. It has been extended to 15 September 2025 for non-audit taxpayers under CBDT Circular No. 06/2025.
Q2. What happens if I miss the TDS return due date of 30 July?
A: A penalty of ₹200/day applies under Section 234E until filed.
Q3. Who needs to pay advance tax by 15 July 2025?
A: Taxpayers under presumptive schemes (Section 44AD/ADA) must pay 100% advance tax in one installment by this date.
Final Thoughts
Staying compliant with the Income Tax Compliance Calendar July 2025 is essential to avoid penalties and preserve your tax record. With multiple TDS/TCS obligations and the ITR season peaking, a proactive approach saves both money and stress.
👉 Need help with ITR filing or TDS returns?
File with Experts at Efiletax →
Summary
Income Tax Compliance Calendar for July 2025 includes key deadlines for TDS deposits, Form 26Q, TCS returns, and ITR filing. The ITR due date is extended to 15 September 2025. Stay updated and avoid penalties with this simplified compliance checklist.