ITR Filing 2026-27: Key Deadlines Every Salaried Taxpayer Must Track to Avoid Penalty

With the new financial year 2026–27 underway, salaried individuals are once again preparing for income tax compliance. While most taxpayers focus only on filing their Income Tax Return (ITR), several other important deadlines—like TDS, advance tax, and reporting obligations—also play a crucial role.

Missing these dates can lead to penalties and unnecessary stress. Here’s a complete, easy-to-understand guide to all the major tax deadlines you must remember for FY 2026–27.

Why Tracking Tax Deadlines Is Important

Filing your ITR on time is just one part of tax compliance. There are multiple timelines throughout the year that ensure smooth tax management.

If you miss deadlines:

• Penalties and interest may apply
• Refunds can get delayed
• Compliance issues may arise

Planning in advance helps you stay stress-free and financially organized.

April to June: Start Strong With Early Compliance

The financial year begins with several important tasks:

April:

• Issue TDS certificates
• Submit Form 15G/15H
• Deposit March TDS/TCS
• File Form 24G and other reports

May:

• Deposit April TDS
• File annual financial transaction reports
• Submit Form 61A and Form 61B

June:

• June 15: First advance tax installment due
• Issue quarterly TDS certificates

These early steps set the tone for the rest of the year.

July: Most Important Deadline for Salaried Taxpayers

📅 July 31, 2026

• Last date to file ITR for salaried and non-audit taxpayers
• Pay any remaining self-assessment tax

Missing this deadline may attract penalties and late fees, so it’s crucial to file on time.

September to December: Advance Tax & Compliance

September 15:

• Pay 45% of total advance tax

October 31:

• Deadline for ITR filing in audit cases

November 30:

• Submit transfer pricing reports (if applicable)

December 15:

• Pay 75% of advance tax

December 31:

• Last date to file belated or revised ITR

These months are critical for businesses and individuals with additional income sources.

January to March: Final Tax Planning Phase

The last quarter is all about optimizing your tax savings.

Key Activities:

• Plan investments for tax deductions
• Submit proof for TDS adjustments
• Review overall tax liability

March Deadlines:

• March 15: Pay 100% advance tax
• March 31: Last date for tax-saving investments

This is your final chance to reduce taxable income under the old tax regime.

Quick Summary of Key Dates

Final Takeaway

Tax compliance is not a one-day activity—it’s a year-round process. By keeping track of all key deadlines, you can avoid penalties, maximize savings, and manage your finances more effectively.

Make sure to mark these dates on your calendar and plan ahead. A little discipline today can save you money and stress tomorrow.