A Tax Calendar in the Indian context refers to a structured schedule that outlines important tax-related dates and deadlines throughout the financial year. This includes due dates for filing Income Tax Returns (ITRs), paying advance tax, submitting Tax Deducted at Source (TDS) returns, and meeting other compliance obligations under Indian tax laws.
For small business owners, startups, freelancers, and salaried individuals, following a tax calendar is essential to avoid penalties, interest charges, and notices from the Income Tax Department. It helps ensure timely tax planning, smooth filings, and better financial management.
In practical terms, a tax calendar acts like a compliance checklist. For instance, businesses are required to deposit TDS monthly and file quarterly TDS returns. Similarly, individuals and companies liable for advance tax must pay it in instalments across specific due dates—June, September, December, and March.
Staying updated with the tax calendar reduces last-minute stress and supports informed decision-making. Whether you're filing your first ITR or managing recurring filings for your company, referring to a tax calendar keeps you compliant and organized.
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In short, the Tax Calendar is your year-round financial guide to staying on top of India’s tax compliance requirements efficiently and professionally.