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Income Tax Due Dates August 2017 | 12 Month Tax Calendar 2017

Last date of various dues under Income Tax Act, 1961 for the year 2017. ITR, 44AB Audit Report, Tax deducted/collected, TDS/TCS certificates.

Did you know? Out of 13.14 lakh registered companies, only 5.97 lakh firms have filed returns for 2016-17. Out of 76 lakh individual assessees declaring income more than Rs. 5 lakh, 56 lakh are salaried. Existing rate of tax for individuals between Rs. 2.5- Rs 5 lakh is reduced to 5% from 10%.

Direct Tax and Indirect tax collection figures for the period April 2016 to December 2016 have shown a positive trend as Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-December 2015.

The figures for Direct Tax collections up to December, 2016 show that net collections are at Rs. 5.53 lakh crore which is 12.01% more than the net collections for the corresponding period last year. This collection is 65.3% of the total Budget Estimates of Direct Taxes for F.Y. 2016-17.

The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to December 2016 show that net revenue collections are at Rs 6.30 lakh crore, which is 25% more than the net collections for the corresponding period last year. Till December 2016, about 81% of the Budget Estimates of indirect taxes for Financial Year 2016-17 has been achieved.

So, please pay your tax within due date and save yourself from interest and penalty to be levied under the various provisions of Income-tax Act, 1961.

Income Tax Due Dates Tax Calendar 2017

Income Tax Due Dates January, 2017:

Following are the last date for various taxes for the month of January 2017:-

  • Saturday, January 7, 2017: Due date for deposit of Tax deducted/collected for the month of December, 2016. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan​.
  • Saturday, January 7, 2017: Due date for deposit of TDS for the period October 2016 to December 2016 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H​.
  • Saturday, January 14, 2017: ​Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 2016.
  • Sunday, January 15, 2017​: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of December, 2016 has been paid without the production of a challan.
  • Sunday, January 15, 2017: ​Quarterly statement of TCS deposited for the quarter ending December 31, 2016.
  • Monday, January 30, 2017: ​Quarterly TCS certificate in respect of tax collected for the quarter ending December 31, 2016.
  • Monday, January 30, 2017: ​Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of December, 2016.
  • Monday, January 30, 2017: Due date for deposit of TDS for the period January 2017 to March 2017 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H.
  • Tuesday, January 31, 2017: ​Quarterly statement of TDS deposited for the quarter ending December 31, 2016.
  • Tuesday, January 31, 2017: ​Quarterly return of non-deduction at source by a banking company from interest on time deposit in respect of the quarter ending December 31, 2016.
  • Tuesday, January 31, 2017: ​Due date for filing of statement of financial transaction by banks or post office in respect of cash deposits during the period 09th November, 2016 to 30th December, 2016 aggregating to—

(i) Rs. 12,50,000 or more, in one or more current account of a person; or
(ii) Rs. 2,50,000 or more, in one or more accounts (other than a current account) of a person.

  • Tuesday, January 31, 2017: Due date for filing of statement of financial transaction by banks or post office in respect of cash deposits during the period 09th November, 2016 to 30th December, 2016 aggregating to—

(i) Rs. 12,50,000 or more, in one or more current account of a person; or
(ii) Rs. 2,50,000 or more, in one or more accounts (other than a current account) of a person.
(iii) Cash deposits during the period 1st of April, 2016 to 9th November, 2016 in aforementioned accounts

Income Tax Due Dates February, 2017:

Following are the last date for various taxes for the month of February 2017:-

  • Tuesday, February 7, 2017: Due date for deposit of Tax deducted/collected for the month of January, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Tuesday, February 14, 2017: Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of December, 2016.
  • Wednesday, February 15, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of January, 2017 has been paid without the production of a challan.
  • Wednesday, February 15, 2017: Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending December 31, 2016.
  • Tuesday, February 28, 2017​: Due date for deposit of Tax collected for the month of March, 2017. However, all sum collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.​

Income Tax Due Dates March, 2017:

Following are the last date for various taxes for the month of March 2017:-

  • Thursday, March 2, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of January, 2017.
  • Tuesday, March 7, 2017: Due date for deposit of Tax deducted/collected for the month of February, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Wednesday, March 15, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of February, 2017 has been paid without the production of a challan.
  • Wednesday, March 15, 2017: Fourth instalment of advance tax for the assessment year 2017-18.
  • Wednesday, March 15, 2017: Due date for payment of whole amount of advance tax in respect of assessment year 2017-18 for assessees covered under presumptive scheme of Section 44AD.
  • Friday, March 17, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of January, 2017.
  • Thursday, March 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of February, 2017.
  • Friday, March 31, 2017: Last date for declaration of undisclosed income under Pradhan Mantri Garib Kalyan Yojana, 2016.
  • Friday, March 31, 2017​: Due date for payment of second installment (i.e., 25% of tax, surcharge and penalty) under Income Declaration Scheme, 2016.

Income Tax Due Dates April, 2017:

Following are the last date for various taxes for the month of April 2017:-

  • Friday, April 7, 2017: Due date for deposit of Tax deducted by an office of the government for the month of March, 2017. However, all sum deducted by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Friday, April 14, 2017: Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of February, 2017.
  • Sunday, April 30, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of March, 2017 has been paid without the production of a challan.
  • Sunday, April 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of March, 2017.
  • Sunday, April 30, 2017: Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of March, 2017.
  • Sunday, April 30, 2017: Due date for e-filing of a statement in Form No. 61 containing particulars of Form No. 60 received during the period October 1, 2016 to March 31, 2017.

Income Tax Due Dates May, 2017:

Following are the last date for various taxes for the month of May 2017:-

  • Sunday, May 7, 2017: Due date for deposit of Tax deducted/collected for the month of April, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Monday, May 15, 2017: Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of March, 2017.
  • Monday, May 15, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of April, 2017 has been paid without the production of a challan.
  • Monday, May 15, 2017: Quarterly statement of TCS deposited for the quarter ending March 31, 2017.
  • Tuesday, May 30, 2017: Quarterly TCS certificates in respect of tax collected during the quarter ending March 31, 2017.
  • Tuesday, May 30, 2017: Submission of a statement (in Form No. 49C) by non-resident having a liaison office in India for the financial year 2016-17.
  • Tuesday, May 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of April, 2017.
  • Wednesday, May 31, 2017: Quarterly statement of TDS deposited for the quarter ending March 31, 2017.
  • Wednesday, May 31, 2017: Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during 2016-17.
  • Wednesday, May 31, 2017: Return of tax deduction from contributions paid by the trustees of an approved superannuation fund.
  • Wednesday, May 31, 2017: Due date for furnishing of statement of financial transaction (in Form No. 61A) as required to be furnished under sub-section (1) of section 285BA of the Act respect of a financial year 2016-17.
  • Wednesday, May 31, 2017: Due date for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA(1)(k) (in Form No. 61B) for calendar year 2016 by reporting financial institutions.

Income Tax Due Dates June, 2017:

Following are the last date for various taxes for the month of June 2017:-

  • Wednesday, June 7, 2017: Due date for deposit of Tax deducted/collected for the month of May, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Wednesday, June 14, 2017: Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of April, 2017.
  • Thursday, June 15, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of May, 2017 has been paid without the production of a challan.
  • Thursday, June 15, 2017: Quarterly TDS certificates (in respect of tax deducted for payments other than salary) for the quarter ending March 31, 2017.
  • Thursday, June 15, 2017: First instalment of advance tax for the assessment year 2018-19.
  • Thursday, June 29, 2017: Due date for e-filing of a statement (in Form No. 3CEK) by an eligible investment fund under section 9A in respect of its activities in financial year 2016-17.
  • Friday, June 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of May, 2017.
  • Friday, June 30, 2017: Return in respect of securities transaction tax for the financial year 2016-17.
  • Friday, June 30, 2017: Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2017.
  • Friday, June 30, 2017: Statement to be furnished (in Form No. 64C) by Alternative Investment Fund (AIF) to units holders in respect of income distributed during the previous year 2016-17.
  • Friday, June 30, 2017: Report by an approved institution/public sector company under section 35AC(4)/(5) for the year ending March 31, 2017.
  • Friday, June 30, 2017: Due date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2016-17. This statement is required to be furnished to the unit holders in form No. 64B [As prescribed under Rule 12CA inserted by the Income-tax (First Amendment) Rules, 2015, w.e.f. 19-1-2015.]

 

Income Tax Due Dates July, 2017:

Following are the last date for various taxes for the month of July 2017:-

  • Friday, July 7, 2017: Due date for deposit of Tax deducted/collected for the month of June, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Friday, July 7, 2017: Due date for deposit of TDS for the period April 2017 to June2017 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H.
  • Saturday, July 15, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of June, 2017 has been paid without the production of a challan.
  • Saturday, July 15, 2017: Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of May, 2017.
  • Saturday, July 15, 2017: Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 2017.
  • Saturday, July 15, 2017: Quarterly statement of TCS deposited for the quarter ending 30 June, 2017.
  • Sunday, July 30, 2017: Quarterly TCS certificate in respect of tax collected by any person for the quarter ending June 30, 2017.
  • Sunday, July 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of June, 2017.
  • Monday, July 31, 2017: Quarterly statement of TDS deposited for the quarter ending June 30, 2017.
  • Monday, July 31, 2017: Annual return of income for the assessment year 2017-18 for all assessee other than (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) working partner of a firm whose accounts are required to be audited or (d) an assessee who is required to furnish a report under section 92E.
  • Monday, July 31, 2017: Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending June 30, 2017.
  • Monday, July 31, 2017: Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5E and 5F (if due date of submission of return of income is July 31, 2017).
  • Monday, July 31, 2017: Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on or before July 31, 2017).
  • Monday, July 31, 2017: Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or 11(2) (if the assessee is required to submit return of income on or before July 31, 2017).

Income Tax Due Dates August, 2017:

Following are the last date for various taxes for the month of August 2017:-

  • Monday, August 7, 2017: Due date for deposit of Tax deducted/collected for the month of July, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Monday, August 14, 2017: Due date for issue of TDS Certificate for tax deducted under section 194-IAin the month of June, 2017.
  • Wednesday, August 16, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of July, 2017 has been paid without the production of a challan.
  • Wednesday, August 16, 2017: Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2017.
  • Wednesday, August 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of July, 2017.

Income Tax Due Dates September, 2017:

Following are the last date for various taxes for the month of September 2017:-

  • Thursday, September 7, 2017: Due date for deposit of Tax deducted/collected for the month of August, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Thursday, September 14, 2017: Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of July, 2017.
  • Friday, September 15, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of August, 2017 has been paid without the production of a challan.
  • Friday, September 15, 2017: Second instalment of advance tax for the assessment year 2018-19.
  • Saturday, September 30, 2017: Audit report under section 44AB for the assessment year 2017-18 in the case of a corporate-assessee or non-corporate assessee (whos is required to submit his/its return of income on September 30, 2017).
  • Saturday, September 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of August, 2017.
  • Saturday, September 30, 2017: Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5E and 5F (if due date of submission of return of income is September 30, 2017).
  • Saturday, September 30, 2017: Annual return of income for the assessment year 2017-18 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) working partner of a firm whose accounts are required to be audited).
  • Saturday, September 30, 2017: Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on September 30, 2017).
  • Saturday, September 30, 2017: Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or 11(2) (if the assessee is required to submit return of income on September 30, 2017).
  • Saturday, September 30, 2017: Submit copy of audit of accounts to the Secretary, Department of Scientific and Industrial Research in case company is eligible for weighted deduction under section 35(2AB) [if company does not have any international/specified domestic transaction].
  • Saturday, September 30, 2017: Due date for payment of last installment (i.e., 50% of tax, surcharge and penalty) under Income Disclosure Scheme, 2016.

Income Tax Due Dates October, 2017:

Following are the last date for various taxes for the month of October 2017:-

  • Saturday, October 7, 2017: Due date for deposit of tax deducted/collected for the month of September, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Saturday, October 7, 2017: Due date for deposit of TDS for the period July 2017 to September 2017 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H.
  • Sunday, October 15, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of September, 2017 has been paid without the production of a challan.
  • Sunday, October 15, 2017: Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of August, 2017.
  • Sunday, October 15, 2017: Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending September, 2017.
  • Sunday, October 15, 2017: Quarterly statement of TCS deposited for the quarter ending September 30, 2017.
  • Monday, October 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of September, 2017.
  • Monday, October 30, 2017: Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2017.
  • Tuesday, October 31, 2017: Quarterly statement of TDS deposited for the quarter ending September 30, 2017.
  • Tuesday, October 31, 2017: Due date for furnishing of Annual audited accounts for each approved programmes under section 35(2AA).
  • Tuesday, October 31, 2017: Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2017.

Income Tax Due Dates November, 2017:

Following are the last date for various taxes for the month of November 2017:-

  • Tuesday, November 7, 2017: Due date for deposit of Tax deducted/collected for the month of October, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Tuesday, November 14, 2017: Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2017.
  • Wednesday, November 15, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of October, 2017 has been paid without the production of a challan.
  • Wednesday, November 15, 2017: Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 2017.
  • Thursday, November 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of October, 2017.
  • Thursday, November 30, 2017: Annual return of income for the assessment year 2017-18 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s).
  • Thursday, November 30, 2017: Audit report under section 44AB for the assessment year 2017-18 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E.
  • Thursday, November 30, 2017: Report to be furnished in Form 3CEB in respect of international transaction and specified domestic transaction.
  • Thursday, November 30, 2017: Statement of income distribution by Venture Capital Company or venture capital fund in respect of income distributed during 2016-17.
  • Thursday, November 30, 2017: Statement to be furnished in Form No. 64D by Alternative Investment Fund (AIF) to Principal CIT or CIT in respect of income distributed (during previous year 2016-17) to units holders.
  • Thursday, November 30, 2017:Due date to exercise option of safe harbour rules for international transaction by furnishing Form 3CEFA.
  • Thursday, November 30, 2017: Due date to exercise option of safe harbour rules for specified domestic transaction by furnishing Form 3CEFB.
  • Thursday, November 30, 2017: Due date for filing of statement of income distributed by business trust to unit holders during the financial year 2016-17. This statement is required to be filed electronically to Principal CIT or CIT in form No. 64A.
  • Thursday, November 30, 2017: Due date for e-filing of report (in Form No. 3CEJ) by an eligible investment fund in respect of arm’s length price of the remuneration paid to the fund manager.
  • Thursday, November 30, 2017: Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on November 30, 2017).
  • Thursday, November 30, 2017: Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or 11(2) (if the assessee is required to submit return of income on November 30, 2017).
  • Thursday, November 30, 2017: Submit copy of audit of accounts to the Secretary, Department of Scientific and Industrial Research in case company is eligible for weighted deduction under section 35(2AB) [if company has any international/specified domestic transaction].

Income Tax Due Dates December, 2017:

Following are the last date for various taxes for the month of December 2017:-

  • Thursday, December 7, 2017: Due date for deposit of Tax deducted/collected for the month of November, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
  • Friday, December 15, 2017: Due date for furnishing of Form 24G by an office of the Government where TDS for the month of November, 2017 has been paid without the production of a challan.
  • Friday, December 15, 2017: Third instalment of advance tax for the assessment year 2018-19.
  • Friday, December 15, 2017: Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of October, 2017.
  • Saturday, December 30, 2017: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of November, 2017.

Let me know if the above calendar helps you to pay your taxes within due dates for the year 2017.

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