Home»Income Tax»Due Date»Income Tax Due Dates May 2017 | 12 Month Tax Calendar 2017

Income Tax Due Dates May 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.]

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