4 Important Deadlines for Income Tax Return Filing in 2024

Tax Deadlines Must be Kept in Mind by Filing ITR in 2024

ITR Filing 2024: Dear taxpayers, take note! The Income Tax department has unveiled the ITR Filing 2024 calendar. Taxpayers must adhere to deadlines, particularly for income tax, to steer clear of potential penalties. Refer to the schedule below for comprehensive information on income tax-related deadlines spanning from January to December 2024.

ITR Due Date for January 2024

January 7- The deadline for remitting Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for December 2023 is approaching. Additionally, January 7 marks the final day for depositing TDS for the October-December 2023 period under various sections, including Section 192 (for Salaries paid), Section 194A (on Interest other than interest on securities), Section 194D (on Insurance commission), and Section 194H (on Commission and brokerage).

January 14- The deadline for issuing TDS certificates under Section 194-IA (TDS on payment made for the acquisition of immovable property, excluding agricultural land), 194-IB (on monthly rent of a house exceeding Rs 50,000), and 194M (on payment made for contractual work) is fast approaching.

January 15: It is the due date for filing the quarterly statement of TCS deposited for the quarter ending December 31, 2023.

January 30: This marks the final day for issuing TCS certificates on the tax collected for the quarter concluding on December 31, 2023.

January 31: The deadline for filing the quarterly statement of deposited TDS for the quarter ending December 31, 2023, is January 31, 2024.

ITR Due Date for February 2024

February 7: It is the last date to deposit TDS/TCS for January 2024.

February 14: It is the due date to issue the TDS certificate under Section 194-IA, Section 194-IB, and Section 194M for the tax deducted in December 2023.

February 15: The final day for issuing quarterly TDS certificates related to tax deducted on income other than salaries for the quarter concluding on December 31, 2023, is approaching.

ITR Due Date for March 2024

March 2: It is the last date to file a challan statement for tax deducted under Section 194-IA, Section 194IB, and Section 194 M in January 2024.

March 7: It is the due date to deposit TDS/TCS deducted in February 2024.
March 15: It is the due date to deposit the fourth instalment of advance tax for the financial year 2023-24.

March 17: It is the last date to issue TDS certificates for tax deducted under Section 194-IA, Section 194-IB, and Section 194 M for January 2024.

March 30: It is the due date to file challan statements for tax deducted under Section 194-IA, Section 194-IB, and Section 194M in February 2024.

March 31: It is the last date to conclude the tax-saving activities for FY 2023-24.

ITR Due Date for April 2024

April 14: The income Tax department mentioned that it is the deadline to issue a TDS certificate for tax deducted under Sections 194-IA, Section 194-IB, and Section 194M and 194S in March 2024.

April 30: It is the due date to file challan statements for the tax deducted under Sections 194-IA, Section 194-IB, and Section 194M and 194S in March 2024.

April 30: It is the deadline to deposit tax deducted by the taxpayer for March 2024. It is the due date to deposit the tax deducted under sections 192, 194A, 194D, and 194H for the January-March 2024 quarter.

ITR Due Date for May 2024

May 7: It is the due date to deposit the TDS and TCS for April 2024.

May 15: It is the last date to issue the TDS certificates for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in March 2024.

May 15: The same is the last date to file the quarterly statement of TCS deposited for the quarter ending March 31, 2023.

May 30: It is the due date for filing challan statements for TDS under sections 194-IA, 194M, 194-IB, and 194S for April 2024.

May 30: It is the last date to issue the TCS certificates for the January- March 2024 quarter.

ITR Due Date for June 2024

June 7: The same is the due date to deposit the TDS and TCS for May 2024.

June 14: This is the due date to issue the TDS certificates for tax deducted under Section 194-IA, 194-IB, 194M, and 194S in April 2024.

June 15: This is the due date for depositing the initial installment of advance tax for FY 2024-25.

June 15: The same is the due date for collection of TDS certificates – Form 16 from the employer and Form 16A from banks, mutual funds, and companies.

June 30: This is the deadline for filing the challan statement under sections 194-IA, 194-IB, 194M, and 194S.

ITR Due Date for July 2024

July 7: For depositing TDS and TCS for tax deducted in June 2024 it is the due date. It is indeed the last date for depositing TDS for the April to June 2024 quarter under sections 192, 194A, 194D, and 194H.

July 15: The same is the last date to issue the TDS certificates for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in May 2024.

July 15: This marks the deadline for submitting the quarterly statement of TCS deposited during the April to June 2024 quarter. Additionally, it serves as the final date for banks to upload the received Form 15G/Form 15H declarations.

July 30: This is the deadline for obtaining the TCS certificate related to tax collected on purchases of motor vehicles and overseas travel for the quarter ending June 30, 2024.

Read Also: Quick Guide to Claim I-T Relief U/S 89(1) on Salary Arrears

ITR Due Date for August 2024

August 7: For depositing TDS and TCS for July 2024 it is the final day.

August 14: To issue TDS certificates for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in June 2024 it is the final day.

August 15: For tax deducted from payments other than salary (e.g., interest income, etc.) for the April-June quarter of 2024 the same is the final day to issue the quarterly TDS certificates.

August 30: It is the final day for filing the challan statement for tax deducted under sections 194-IA, 194-IB, 194M, and 194S for July 2024.

ITR Due Date for September 2024

September 7: To deposit TDS and TCS for August 2024 it is the last day.

September 14: It is the due date to issue TDS certificates for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in July 2024.

September 15: It is the due date to deposit the 2nd installment of advance tax for FY 2024-25.

September 30: To submit the audit report for FY 2023-24 for the assessees not engaged in international or certain domestic transactions it is the due date. Indeed it is the final day to file the challan statement under sections 194-IA, 194-IB, 194M, and 194S for August 2024.

ITR Due Date for October 2024

October 7: It is the final day to deposit TDS and TCS in September 2024.

October 7: It marks the deadline for TDS deposition about the July-September quarter of 2024, specifically for tax deductions made under sections 192, 194A, 194D, and 194H.

October 15: It is the deadline for issuing TDS certificates related to tax deductions under sections 194-IA, 194-IB, 194S, and 194M for August 2024. It also marks the last day for submitting the quarterly statement of deposited TCS for the July-September quarter of 2024.

October 30: Taxpayers must note that today is the final day to submit the challan statement for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in September 2024.

October 31: As per the income tax department, October 31 is the deadline for filing the quarterly statement of deposited TDS for the quarter ending September 30, 2024.

ITR Due Date for November 2024

November 7: For depositing TDS and TCS deducted in October 2024 it is the due date.

November 14: Today marks the final day for the issuance of TDS certificates for deductions made under sections 194-IA, 194-IB, 194M, and 194S in September 2024.

November 15: Today is the deadline for issuing quarterly TDS certificates for non-salary payments for the quarter ending September 30, 2024.

November 30: This is the last date to file the challan statement for tax deducted under sections 194-IA, 194-IB, 194M, and 194S for October 2024.

ITR Due Date for December 2024

December 7: To deposit TDS and TCS deducted in November 2024 it is the final day.

December 15: This is the final day to deposit 3rd instalment of advance tax for FY 2024-25, if applicable.

December 30: The same is the last day to file the challan statement for tax deposited under sections 194-IA, 194-IB, 194M, and 194S in November 2024.

December 31: This is the last day for filing belated or revised Income Tax Returns (ITR) for FY 2023-24.

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