Tax deadlines can be overwhelming, but with the Income Tax Calendar 2025, you can plan your tax filings efficiently and avoid last-minute stress. Whether you are an individual taxpayer, a salaried employee, a business owner, or an investor, being aware of critical due dates ensures compliance with income tax laws and prevents penalties.
This blog provides a detailed, breakdown of important income tax dates for 2025, helping taxpayers stay on track. This guide covers all significant tax-related events, from advance tax payments to income tax return (ITR) filing deadlines.
Suggested Read: Tax Saving Investments to Make Before March 31st
Income Tax Due Dates for January 2025
| Date | Event |
| 7 January 2025 | Due date for deposit of Tax deducted (except under sections 194-IA, 194-IB, 194M, or 194S by specified person) or collected for December 2024 |
| 7 January 2025 | Due date for deposit of TDS for the period October 2024 to December 2024 (if allowed quarterly under Sections 192, 194A, 194D, or 194H) |
| 14 January 2025 | Due date for issue of TDS Certificate for tax deducted under section 194-IA in November 2024 |
| 14 January 2025 | Due date for issue of TDS Certificate for tax deducted under section 194-IB in November 2024 |
| 14 January 2025 | Due date for issue of TDS Certificate for tax deducted under section 194M in November 2024 |
| 14 January 2025 | Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in November 2024 |
| 15 January 2025 | Due date for furnishing Form 24G by a government office where TDS/TCS for December 2024 was paid without a challan |
| 15 January 2025 | Due date for Quarterly TCS statement for quarter ending 31 December 2024 |
| 15 January 2025 | Due date for Quarterly foreign remittance statement (Form No. 15CC) for quarter ending 31 December 2024 |
| 15 January 2025 | Due date for Form 15G/15H declarations received in quarter ending 31 December 2024 |
| 15 January 2025 | Due date for Form No. 49BA (by specified fund) under Rule 114AAB for quarter ending 31 December 2024 |
| 15 January 2025 | Last date for filing of belated/revised return for AY 2024-25 (for resident individuals, extended from 31 December 2024 to 15 January 2025 as per Circular 21/2024) |
| 30 January 2025 | Due date for Quarterly TCS certificate for quarter ending 31 December 2024 |
| 30 January 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194-IA in December 2024 |
| 30 January 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194-IB in December 2024 |
| 30 January 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194M in December 2024 |
| 30 January 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194S (by specified person) in December 2024 |
| 31 January 2025 | Due date for Quarterly TDS statement for quarter ending 31 December 2024 |
| 31 January 2025 | Due date for Quarterly return of non-deduction of TDS on interest by banks (for quarter ending 31 December 2024) |
| 31 January 2025 | Sovereign Wealth Fund intimation for investments made in India (for quarter ending 31 December 2024) |
Income Tax Due Dates for February 2025
| Date | Event |
| 7 February 2025 | Due date for deposit of Tax deducted/collected for January 2025 (except where the government deducts tax without challan, which must be paid on the same day) |
| 14 February 2025 | Due date for issue of TDS Certificate for tax deducted under section 194-IA in December 2024 |
| 14 February 2025 | Due date for issue of TDS Certificate for tax deducted under section 194-IB in December 2024 |
| 14 February 2025 | Due date for issue of TDS Certificate for tax deducted under section 194M in December 2024 |
| 14 February 2025 | Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in December 2024 |
| 15 February 2025 | Due date for furnishing of Form 24G by a government office where TDS/TCS for January 2025 was paid without a challan |
| 15 February 2025 | Due date for Quarterly TDS certificate (for non-salary payments) for Q3 (October–December 2024) |
Also Read: New Income Tax Bill 2025
Income Tax Due Dates for March 2025
| Date | Event |
| 2 March 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194-IA in January 2025 |
| 2 March 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194-IB in January 2025 |
| 2 March 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194S (by specified person) in January 2025 |
| 2 March 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194M in January 2025 |
| 7 March 2025 | Due date for deposit of Tax deducted/collected for February 2025 (except where the government deducts tax without challan, which must be paid on the same day) |
| 15 March 2025 | Fourth installment of Advance Tax for Assessment Year 2025-26 |
| 15 March 2025 | Due date for full advance tax payment for taxpayers under the presumptive taxation scheme (Sections 44AD/44ADA) |
| 15 March 2025 | Due date for furnishing of Form 24G by a government office where TDS/TCS for February 2025 was paid without a challan |
| 17 March 2025 | Due date for issue of TDS Certificate for tax deducted under section 194-IA in January 2025 |
| 17 March 2025 | Due date for issue of TDS Certificate for tax deducted under section 194-IB in January 2025 |
| 17 March 2025 | Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in January 2025 |
| 30 March 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194-IA in February 2025 |
| 30 March 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194-IB in February 2025 |
| 30 March 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194M in February 2025 |
| 30 March 2025 | Due date for furnishing challan-cum-statement for tax deducted under section 194S (by specified person) in February 2025 |
| 31 March 2025 | Country-By-Country Report (Form 3CEAD) for FY 2023-24 by a parent entity or alternate reporting entity in India |
| 31 March 2025 | Country-By-Country Report (Form 3CEAD) for FY 2023-24 by an Indian constituent entity if the parent entity is not required to file under Section 286(2) or is in a country without an exchange agreement with India |
| 31 March 2025 | Uploading of Form 67 (foreign income and tax credit claim for FY 2022-23) if the return was filed under Section 139(1) or 139(4) |
| 31 March 2025 | Filing of updated return of income for Assessment Year 2022-23 |
What Taxpayers Need to Do in March 2025?
March is a crucial month for tax planning as it marks the end of the financial year (FY 2024-25). Taxpayers—whether individuals, businesses, or corporations—need to finalize tax payments, file returns, and complete compliance obligations.
Here’s a detailed breakdown of what each taxpayer needs to do:
1. Individual Taxpayers (Salaried, Self-Employed, Investors)
Complete Tax-Saving Investments
- Invest in tax-saving instruments under Section 80C (PPF, ELSS, FD, NPS, LIC) before 31 March 2025.
- Ensure all medical insurance premium payments under Section 80D are completed.
- Claim deductions for home loan interest (Section 24) and education loan interest (Section 80E).
Advance Tax Payment (if applicable)
If your total tax liability (after TDS) exceeds ₹10,000, pay the fourth installment of advance tax by 15 March 2025.
Filing of Belated/Revised Returns
- If you missed filing your Income Tax Return (ITR) for FY 2023-24 (AY 2024-25), the last date to file a belated return is 31 March 2025.
- If you made errors in your previously filed ITR, file a revised return by 31 March 2025.
Foreign Tax Credit Claims (For NRI & Foreign Income Holders)
If you have foreign income, upload Form 67 by 31 March 2025 to claim Foreign Tax Credit (FTC).
Tax Refund & Verification
- Check Form 26AS and AIS (Annual Information Statement) to ensure all TDS and financial transactions are correctly recorded.
- Verify ITR if not done earlier to process refunds faster.
2. Business Owners & Professionals (Partnerships, LLPs, Proprietors)
Pay Advance Tax
- Businesses operating under normal taxation must pay the fourth installment of advance tax by 15 March 2025.
- Businesses under presumptive taxation schemes (44AD & 44ADA) must pay 100% of advance tax by 15 March 2025.
Tax Deducted at Source (TDS) & TCS Compliance
- Deposit TDS collected for February 2025 by 7 March 2025.
- Issue TDS certificates for tax deducted in January 2025 by 17 March 2025.
- File challan-cum-statement for TDS deducted in February 2025 by 30 March 2025.
Finalization of Year-End Accounts
- Close books of accounts for FY 2024-25 and reconcile with bank statements, invoices, and GST filings.
- Ensure all expense deductions are properly accounted for.
GST Compliance
Businesses registered under GST must verify GST input credits and file GST returns on time.
3. Corporations & Large Businesses
Corporate Advance Tax Payment
Companies must pay the fourth installment of advance tax by 15 March 2025 to avoid penalties.
TDS/TCS Compliance
- Ensure timely deposit of TDS/TCS collected for February 2025 before 7 March 2025.
- File challan-cum-statement for TDS deducted under Sections 194-IA, 194-IB, 194M, and 194S before 30 March 2025.
Country-by-Country (CbC) Reporting
- Indian parent entities or alternate reporting entities of multinational groups must file Form 3CEAD by 31 March 2025.
- If the parent company is outside India, Indian subsidiaries must also submit CbC reports.
Finalization of Financial Statements
Businesses should start preparing financial reports for FY 2024-25 to ensure smooth statutory audit processes.
4. Non-Resident Indians (NRIs)
Foreign Income & Tax Credit (Form 67)
NRIs and residents with foreign income must file Form 67 by 31 March 2025 to claim tax credits for taxes paid abroad.
Repatriation of Funds & Taxation
If transferring money to India, ensure proper tax documentation to avoid scrutiny.
Filing of Updated Returns
If any tax liability is discovered for FY 2022-23, an updated ITR can be filed by 31 March 2025.
5. High-Net-Worth Individuals & Investors
Capital Gains Tax Calculation
Compute capital gains tax liability from investments in stocks, mutual funds, real estate, or bonds and pay advance tax before 15 March 2025 if required.
Tax Loss Harvesting
Review portfolio and sell loss-making investments before 31 March 2025 to offset capital gains tax liability.
Verification of Dividend & Interest Income
Ensure all dividend, rental, and interest income is reported in ITR correctly.
Final Thoughts
March is the most critical month for tax planning. Whether you’re an individual taxpayer, a business owner, or a corporate entity, following the Income Tax Calendar, ensuring timely tax payments, completing compliance requirements, and optimizing tax benefits can save money and penalties.
Stay organized, track deadlines, and consult tax professionals if necessary to avoid last-minute hassles.
Suggested Read: Post Office Tax Saving Schemes
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Frequently Asked Questions
Q. What is the income tax calendar?
A. The income tax calendar is a schedule of important tax deadlines throughout the year, including tax payment due dates, return filing deadlines, and compliance timelines for individuals, businesses, and corporations.
Q. When is the tax filing deadline for 2025?
A. The general tax filing deadline for FY 2024-25 (AY 2025-26) for individuals and non-audited taxpayers is 31 July 2025.
Q. What is the extension deadline for 2025 taxes?
A. For businesses and individuals requiring audit, the extended deadline is 31 October 2025. Certain taxpayers may get further extensions based on specific cases.
Q. When is the last day for tax deductions in 2025?
A. The last date for tax-saving investments under Sections 80C, 80D, and other deductions is 31 March 2025.
Q. What is the tax deadline for self-employed individuals?
A. Self-employed individuals under presumptive taxation (Sections 44AD & 44ADA) must pay full advance tax by 15 March 2025. The ITR filing deadline for self-employed taxpayers (if not audited) is 31 July 2025; for audited accounts, it’s 31 October 2025.
Q. What happens if I miss the 2025 tax deadline?
A. Missing the deadline results in late fees of up to ₹10,000, interest penalties, and possible scrutiny by the tax department. Belated returns can be filed until 31 December 2025, but with penalties.
Q. When will the IRS start accepting tax returns in 2025?
A. The IRS (U.S.) typically starts accepting tax returns in late January (around 22 January 2025, tentatively). For India, the Income Tax Department allows filing for the financial year from April 2025 onwards.
