| Income Tax Returns (ITR) |
Individual Income Tax Return Filing |
15th September 2025 (for FY 2024-25) |
|
|
Business Income Tax Return Filing |
10th September 2025 (for FY 2024-25) |
|
|
Extended Time for Updated Returns |
4 years from the end of the AY |
Higher exemption limits for senior citizens and property owners |
| Goods and Services Tax (GST) |
Monthly GST Return Filing (GSTR-1) |
11th of the month following the tax period |
|
|
Monthly GST Return Filing (GSTR-3B) |
20th of the month following the tax period |
Distribution of input tax credit for inter-state supplies on reverse charge basis |
|
Quarterly GST Return Filing (GSTR-4) |
20th of the month following the end of the quarter |
New clause for Unique Identification Marking for Track and Trace Mechanism |
|
Annual GST Return Filing (GSTR-9) |
31st December 2025 (for FY 2024-25) |
Provision for reversal of input tax credit for credit-notes |
| Advance Tax |
First Quarter Advance Tax Payment |
15th June 2025 (for FY 2025-26) |
No specific updates for FY 2025-26 |
|
Second Quarter Advance Tax Payment |
15th September 2025 (for FY 2025-26) |
No specific updates for FY 2025-26 |
|
Third Quarter Advance Tax Payment |
15th December 2025 (for FY 2025-26) |
No specific updates for FY 2025-26 |
|
Final Advance Tax Payment |
15th March 2026 (for FY 2025-26) |
No specific updates for FY 2025-26 |
| TDS/TCS |
Quarterly TDS/TCS Return Filing |
31st of the month following the end of the quarter |
TDS limit for 194A for senior citizens increased from ₹50,000 to ₹1 lakh |
|
Annual TDS/TCS Return Filing |
31st July 2025 (for FY 2024-25) |
- TDS on rent increased from ₹2.4 lakh to ₹6 lakh
- Limit for LRS TCS increased from ₹7 lakh to ₹10 lakh
- TCS on education limit removed
- TCS removed on sale of goods
- TCS filed and paid till year-end decriminalised
|
| Other Important Updates |
New Income Tax Slabs |
Effective April 1, 2025 |
New tax slabs introduced with a peak rate of 30% for income exceeding Rs 24 lakh |
|
Zero Tax Liability on Income Up to Rs 12 Lakh |
Effective April 1, 2025 |
Zero tax on income up to Rs 12 lakh for individuals opting for the new tax regime |
|
Increased Standard Deduction |
Effective April 1, 2025 |
Standard deduction for salaried individuals and pensioners increased to ₹75,000 |
|
Tax Treatment of ULIPs |
Effective April 1, 2025 |
ULIPs with annual premiums exceeding ₹2.5 lakh will be taxed as capital gains |