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22. Gearing Up for FY 2025-26: Key Compliance Deadlines to Keep in Mind
As we step into the new financial year 2025-26, it’s not just about setting fresh goals or crunching numbers. A significant part of staying ahead in the game is being mindful of compliance deadlines. Missing these can lead to fines, penalties, or unnecessary headaches—none of which we want, right? To make life a little easier, here’s a quick guide to the key compliance dates you should mark on your calendar this year.
Income Tax Related
1. Income Tax Return(ITR) Filing
Due date: July 31 (for individuals and non-tax audit cases), October 31 (for tax audit cases)
The annual income tax filing is a key obligation. It’s your chance to declare your income, claim deductions, and fulfilling tax obligations can keep you in the clear while helping you stay financially organized. Keep your documents—like salary slips, Form 16, or finalized books of accounts—handy. Early birds enjoy the peace of mind (and avoid interest or penalties)!
2. TDS Payment Due Dates
- Monthly Deductions: TDS must be deposited by the 7th of the following month.
- March Deductions:
- For non-government deductors: 30th April.
- For government deductors: 7th April.
3. TDS / TCS Return Filing Due Dates
- Quarterly Returns:
- Q4 FY 2024-25 (Jan - Mar): 31st May, 2025 (TDS) ; 15th May, 2025 (TCS)
- Q1 FY 2025-26 (Apr - Jun): 31st July, 2025 (TDS) ; 15th July, 2025 (TCS)
- Q2 FY 2025-26 (Jul - Sept): 31st October, 2025 (TDS) ; 15th October, 2025 (TCS)
- Q3 FY 2025-26 (Oct - Dec): 31st January, 2026 (TDS) ; 15th January, 2026 (TCS)
4. Advance Tax Payments
Due date: June 15, September 15, December 15, and March 15
If you’re self-employed, a business owner, or earning extra income beyond your salary (like rent or investments), advance tax applies to you. Instead of paying the income tax all at once, break it into four easy instalments. Bonus tip: Paying on time helps avoid interest buildup.
6. Tax Audit Report Submission
Due date: September 30
Certain businesses and professionals need their accounts audited under the Income Tax Act. A tax audit report not only ensures accuracy but also saves you trouble in case of queries. Getting an early start ensures accuracy and smooth filing. Consult your CA well in advance.
Indirect Tax Related
5. Goods and Services Tax (GST) Returns
Monthly or Quarterly Deadlines (depending on your filing type)
For businesses, Goods and Services Tax (GST) returns need attention all year round. Monthly filers need to submit their GSTR 1 returns by 11th and GSTR 3B by 20th of every month, while quarterly filers have their schedules, GSTR 1 by 13th, and GSTR 3B by 22nd of the month following the quarter for certain states and 24th of the month following the quarter for others.
The due dates for filing GSTR-9 and GSTR-9C are as follows:
- GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for FY 2024-25: The deadline is 31st December 2025.
These annual filings are mandatory for taxpayers with the below turnover thresholds:
- GSTR-9: Annual turnover exceeding ₹2 crores.
- GSTR-9C: Annual turnover exceeding ₹5 crores.
GST compliance isn’t just mandatory; it’s crucial for avoiding legal issues and maintaining credibility.
Corporate Filings (For Companies Only)
6. DIR-3 KYC: Director KYC submission
Due Date: 30th September
Applicability: Every individual with a Director Identification Number (DIN) as of 31st March,2025 must file this form to update their KYC details.
7. Form MSME-1: Reporting delay in payments to MSMEs
Due Dates for Half-Yearly Return –
For April to September: 31st October
For October to March: 30th April
Applicability: Companies must report outstanding payments to Micro or Small Enterprises beyond 45 days.
8. Form DPT-3: Return of deposits
Due Date: 30th June
Applicability: This is an annual return of deposits applicable to all companies (except Govt. Co.) having outstanding loans/deposits.
9. MGT-7 and MGT-7A: Annual Return
Due Date: 60 days from the conclusion of the Annual General Meeting (AGM).
10. AOC-4: Filing of Annual Accounts
Due Date: 30 days from the conclusion of the AGM.
11. ADT-1: Appointment of Auditor
Due Date: 15 days from the conclusion of the AGM.
If you’re running a company, statutory filings with the Ministry of Corporate Affairs (MCA) are a must. File your annual returns, financial statements, and appointment of auditors on time to avoid penalties.
Others
12. Provident Fund (PF) and Employee State Insurance (ESI) Contributions
Due Date: 15th of Every Month
Employers, this one’s for you. PF and ESI contributions are crucial for your team’s welfare, and timely deposits keep you on the right side of the labour laws.
Why Staying Compliant Matters
Beyond avoiding penalties, timely compliance builds credibility and trust—whether with investors, clients, or employees. Plus, it lets you focus on growth instead of worrying about government notices.
Pro Tips for Staying Ahead
Set Reminders: Use digital calendars or apps to flag important dates.
Hire Experts: A good CA or tax consultant can be a game-changer.
Stay Informed: Keep an eye on updates in tax laws or government notifications.
Compliance might not be glamorous, but it’s a cornerstone of successful financial planning. By keeping these deadlines in check, you can stride into FY 2025-26 with confidence and focus on what truly matters—your growth and success.
Here’s to a fantastic financial year ahead!
~ Compiled by Venkat, Audit Assistant, H M R R & Associates.
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