A Comprehensive Income Tax Calendar 2024: Important Dates and Deadlines to Keep in Mind

As the new year unfolds, staying abreast of important tax-related dates is crucial to ensure compliance with income tax regulations and avoid penalties. Marking these dates on your calendar can help streamline your tax-related activities and submissions, minimizing the possibility of missing deadlines.

January 2024

The beginning of the year sets the tone for various tax-related deadlines:

• January 7: This marks the due date for deductors to deposit Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for December 2023, along with specific sections’ deposits.
• January 14: It is imperative to issue TDS certificates under specific sections for the tax deducted in December 2023.
• January 15: The last date for filing the quarterly statement of TCS deposited for the quarter ending December 31, 2023.
• January 30: Deadline for issuing TCS certificates and filing the challan statement for TDS deducted in December 2023.
• January 31: Last date for filing the quarterly statement of TDS deposited for the quarter ending December 31, 2023.

February 2024

• February 7: Due date for TDS/TCS deposit for January 2024.
• February 14: Issuance of TDS certificate for tax deducted in December 2023 under specific sections.
• February 15: Deadline for issuing quarterly TDS certificates for income other than salaries for the quarter ending December 31, 2023.

March 2024

• March 2: Due date for filing challan statement for tax deducted in January 2024.
• March 7: Deadline to deposit TDS/TCS deducted in February 2024.
• March 15: Last date for depositing the fourth instalment of advance tax for FY 2023-24.
• March 17: Final date for issuing TDS certificates for tax deducted in January 2024.
• March 30: Due date for filing challan statement for tax deducted in February 2024.
• March 31: Various crucial deadlines for finalizing tax-saving activities, filing updated returns, and meeting rental property-related TDS requirements.

April 2024

The beginning of a new financial year brings forth several deadlines:

• April 14: Due date for issuing TDS certificates for tax deducted in March 2024.
• April 30: Deadlines for filing challan statements and depositing tax deducted for March 2024.
• April 30: Due date for deposits under specified sections for the January-March 2024 quarter.

May, June, July, August, September, October, November, and December 2024

Each month bears its set of crucial tax-related deadlines, covering TDS/TCS deposits, issuance of certificates, filing statements, and advance tax payments.

Key Income Tax Deadlines to Mark in Your Calendar for 2024

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Staying abreast of these dates is imperative for taxpayers to ensure timely compliance, avoid penalties, and effectively plan their tax-related activities throughout the year.

This comprehensive income tax calendar for 2024 highlights essential deadlines that individuals, businesses, and entities must adhere to for smooth tax operations. Keeping track of these dates ensures compliance and helps in organizing tax-related activities efficiently.

Check official site of the Income Tax department for all updates

This article provides a concise overview of the income tax calendar for 2024, highlighting critical deadlines individuals and entities should mark to ensure compliance with tax regulations. Keeping track of these dates can streamline tax-related activities and prevent any penalties or missed deadlines.