Awareness of key dates allows taxpayers to effectively plan and maximise deductions, exemptions, and other tax benefits.
India’s tax system involves a series of deadlines throughout the fiscal year (April 1 to March 31) for various tax-related activities. The Income Tax Department’s tax dates calendar is crucial for maintaining compliance, managing finances, and optimising tax liabilities in India.
Adhering to the tax calendar helps individuals and businesses comply with legal requirements, avoiding penalties and legal actions. Knowing the tax deadlines aids in effective financial planning and budgeting, ensuring adequate funds are available for tax payments.
Awareness of key dates allows taxpayers to effectively plan and maximise deductions, exemptions, and other tax benefits.
Read More: ITR Filing: Know the Cash Deposit Limit In Savings Account
Know the tax calendar for June 2024 according to the income tax department;
June 07, 2024
The due date for the deposit of tax deducted/collected for May 2024. However, all sums deducted/collected by an office of the government shall be paid to the credit of the central government on the same day when tax is paid without the production of an income-tax challan
June 14, 2024
The due date for issuing of TDS certificate for tax deducted under sections 194-IA, 194-IB, 194M and 194S (by specified person) in April, 2024
Read More: Income Tax Return filing: 60 days to go! A lowdown on the tax forms you can opt for
June 15, 2024
- Due date for furnishing of Form 24G by an office of the government where TDS/TCS for the month of May, 2024 has been paid without the production of a challan
- Quarterly TDS certificates (in respect of tax deducted for payments other than salary) for the quarter ending March, 2024
- Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during Financial Year 2023-24
- Due date for furnishing statement in form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the month of May, 2024
- Furnishing of statement (in form No. 64D) of income paid or credited by an investment fund to its unit holder for the previous year 2023-24
June 29, 2024
The due date for e-filing of a statement (in form no. 3CEK) by an eligible investment fund under section 9A in respect of its activities in the financial year 2023-24
Read More: Income Tax Return 2024: Key Deadlines For Your ITR Filing
June 30, 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under sections 194-IA, 194-IB, 194M and 194S (by specified person) in May, 2024
- Return in respect of securities transaction tax for the financial year 2023-24
- Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2024
- Statement to be furnished (in form No. 64C) by Alternative Investment Fund (AIF) to unitholders in respect of income distributed during the previous year 2023-24
- Due date for furnishing of income statement distributed by business trust to its unit holders during the financial year 2023-24. This statement must be furnished to the unit holders in form no. 64B
- Furnishing of Equalisation Levy statement for the financial year 2023-24.
