Compliance Calendar FY —
Recurring statutory due dates aligned with the Income-tax Act, 2025 (effective 1 April 2026), GST law, Companies Act, and labour laws. Dates roll forward automatically each year.
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Due in next 30 days
Consequences of Non-Compliance — TDS / TCS Quick Reference
Interest, penalty, and prosecution provisions under the Income-tax Act, 2025
Interest Provisions
| Default | ITA 2025 | ITA 1961 | Consequence |
|---|---|---|---|
| Late deduction of TDS (deducted after due date) | Sec 398(3)(a)(i) | Sec 201(1A)(i) | Simple interest @ 1% per month (or part of a month) from the date tax was deductible to the date it was actually deducted |
| Late deposit of TDS (deducted but not deposited) | Sec 398(3)(a)(ii) | Sec 201(1A)(ii) | Simple interest @ 1.5% per month (or part of a month) from the date of deduction to the date of actual deposit |
Penalty Provisions
| Default | ITA 2025 | ITA 1961 | Consequence |
|---|---|---|---|
| Failure to deduct TDS | Sec 448 | Sec 271C | Penalty equal to amount of tax not deducted. Imposed by Joint Commissioner |
| Failure to collect TCS | Sec 449 | Sec 271CA | Penalty equal to amount of tax not collected |
| Failure to file TDS / TCS return | Sec 461 | Sec 271H | Penalty of ₹10,000 to ₹1,00,000 (in addition to late fee under Sec 427) |
| Late filing of TDS / TCS return (fee, not penalty) | Sec 427 | Sec 234E | ₹200 per day from due date to actual filing date. Total fee cannot exceed total TDS / TCS amount |
| Disallowance of expense for non-deduction of TDS | Sec 35(b) | Sec 40(a)(ia) | 30% of expense disallowed while computing business income (resident payments). Full disallowance for non-resident payments under Sec 35(a) |
| Failure to issue TDS / TCS certificate (Forms 130/131/132/133) | Sec 442 | Sec 272A(2)(g) | Penalty ₹100 per day during which default continues (not exceeding TDS amount) |
Prosecution Provisions
| Default | ITA 2025 | ITA 1961 | Consequence |
|---|---|---|---|
| Failure to deposit TDS to Central Government | Sec 476 | Sec 276B | Rigorous imprisonment 3 months to 7 years + fine. Compoundable offence under Sec 489 |
| Failure to deposit TCS to Central Government | Sec 477 | Sec 276BB | Same as above — rigorous imprisonment 3 months to 7 years + fine |
Key Reliefs & Safeguards
Section 398(2) — Deductor not deemed to be in default if the deductee has furnished a return of income, considered the deductible amount while computing income, and paid the tax due thereon, subject to furnishing
Form 26A. Note: Interest under Sec 398(3) still applies.
Section 461(2) — No penalty for non-filing of TDS / TCS return if: (a) tax deducted/collected, late fee and interest are paid; AND (b) the return is filed within one month from the prescribed due date.
Section 476(2) — No prosecution for failure to deposit TDS if the tax has been credited to the Central Government on or before the due date for filing the corresponding TDS statement under Sec 397(3)(b).
Form Mapping (ITA 1961 → ITA 2025)
Form 130←Form 16Annual salary TDS certificate
Form 131←Form 16AQuarterly non-salary TDS certificate
Form 132←Form 16B/C/D/ETDS on property / rent certificate
Form 133←Form 27DTCS certificate
Form 138←Form 24QQuarterly salary TDS return
Form 140←Form 26QQuarterly non-salary TDS return (residents)
Form 143←Form 27EQQuarterly TCS return
Form 144←Form 27QTDS return on non-resident payments
Form 141←Form 26QBTDS on property challan-cum-stmt
Form 121←Form 15G/15HSelf-declaration for no TDS
Form 128←Form 13Application for lower / nil deduction certificate
Form 26A=Form 26ADeductee certificate (unchanged)
Section references cited above are for general guidance based on the bare text of the Income-tax Act, 2025 (effective 1 April 2026). Sub-section structure and exact wording may be modified by subsequent Finance Acts or notifications. The Finance Bill, 2026 has proposed graded prosecution provisions to replace mandatory rigorous imprisonment for tax-evasion offences. Verify with the current statutory text before reliance.
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Disclaimer: This calendar lists standard statutory due dates aligned with the Income-tax Act, 2025 (effective 1 April 2026), the CGST Act 2017, the Companies Act 2013, the LLP Act 2008, the EPF Act 1952, the ESI Act 1948, and the Maharashtra State Tax on Professions, Trades, Callings and Employments Act 1975. Authorities such as CBDT, GSTN, MCA, and state departments occasionally extend dates through circulars or notifications. Penalty, interest, and prosecution provisions vary by statute and are not exhaustively listed. Always verify the applicable due date and consequence provisions for the specific entity, jurisdiction, and assessment year before reliance. The bare provisions of the applicable Act and the latest notifications prevail.