A comprehensive guide to TDS and TCS due dates, updated forms, and compliance requirements for FY 2026-27 under the new Income Tax Act, 2025.
Khush Dharmeshkumar Trivedi | May 6, 2026 |
TDS and TCS Due Date Compliance Calendar for Tax Year 2026-27
As a Tax Professional, you must be aware of the changes applicable from 1st April 2026, i.e., the Income Tax Act 1961 stands repealed and is replaced by the Income Tax Act 2025. Hence, there are various changes in the TDS/TCS filing of forms, and their names have also changed, so let’s get a brief of them.
COMPARISON OF OLD VS NEW
| Particulars | Income Tax Act, 1961 | Income Tax Act, 2025 |
| TDS on Salary | Section 192 | Section 392 |
| TDS on Non-Salary (Residents & NRs) | Sections 194C, 194J, 194I, 194H etc. | Section 393 (Consolidated Tables) |
| Tax Collected at Source (TCS) | Section 206C | Section 394 |
| Annual Salary TDS Certificate | Form 16 | Form 130 |
| Non-Salary TDS Certificate | Form 16A | Form 131 |
| TCS Certificate | Form 27D | Form 133 |
| Quarterly TDS RETURN-Salary | Form 24Q | Form 138 |
| Quarterly TDS RETURN – Non-Salary | Form 26Q | Form 140 |
| Quarterly TCS RETURN | Form 27EQ | Form 143 |
| Quarterly TDS RETURN- NON-RESIDENT | Form 27Q | Form 144 |
| PAN-based TDS (property, rent, VDA, contractors) | Form 26QB / 26QC / 26QD / 26QE | Form 141 |
MONTHLY TDS/TCS PAYMENT DATES
It’s basically the 7th of next month, except March, as below
| Month of Deduction | Due Date |
| Apr-26 | 7th May 2026 |
| May-26 | 7th June 2026 |
| Jun-26 | 7th July 2026 |
| Jul-26 | 7th August 2026 |
| Aug-26 | 7th September 2026 |
| Sep-26 | 7th October 2026 |
| Oct-26 | 7th November 2026 |
| Nov-26 | 7th December 2026 |
| Dec-26 | 7th January 2027 |
| Jan-27 | 7th February 2027 |
| Feb-27 | 7th March 2027 |
| Mar-27 | 7th April 2027 for TCS 30th April 2027 for TDS |
Form 141 (the unified Challan-cum-Statement, replacing Forms 26QB/QC/QD/QE from April 1, 2026) must be filed within 30 days from the end of the month in which the tax deduction is made. Late filing attracts penalties of Rs. 200 per day. It covers TDS on property, rent, contracts, and virtual digital assets (VDA)
TDS/TCS QTY RETURNS DUE DATES
Quarterly TDS/TCS returns must be filed by the dates below. A late filing fee of Rs. 200 per day in applicable in case of delay.
| Quarter | Return Filing Due Date | Applicable Forms |
| Q1 — April to June 2026 | 31st July 2026 | 138/140/143/144 |
| Q2 — July to September 2026 | 31st October 2026 | 138/140/143/144 |
| Q3 — October to December 2026 | 31st January 2027 | 138/140/143/144 |
| Q4 — January to March 2027 | 15th May 2027 | 143 |
| Q4 — January to March 2027 | 31st May 2027 | 138/140/144 |
TDS CERTIFICATE ISSUANCE DUE DATE
TDS certificates must be issued by deductors to deductees within 15 days of filing quarterly TDS returns or by specific statutory dates. Under the new Act, Form 16 becomes Form 130 (salary) and Form 16A becomes Form 131 (non-salary)
PENALTIES & CONSEQUENCES
| Nature of Default | Section (New Act) | Consequence |
| Late Deduction of TDS | Section 398(1) | Interest @ 1% per month from the due date to the actual deduction date |
| Late Deposit of TDS | Section 398(3) | Interest @ 1.5% per month from the deduction date to the deposit date |
| Late Filing of TDS/TCS Return | Section 427 | Rs. 200 per day — capped at total TDS/TCS amount |
| Non-Filing / Incorrect Filing | Section 461/ 462 | Penalty Rs. 10,000 to Rs. 1,00,000 (over & above 427 fee) |
| Non-Deduction (Expense Disallowance) | Section 35(b) | 30% of the payment is disallowed as a business expense where the payee is resident. 100% of the payment is disallowed as a business expense where the payee is Non- resident. |
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