Income Tax Due Date Calendar for January 2025

As we are going to enter into the new financial year, taxpayers and organisations should keep note of key dates in the Income Tax Calendar for January 2025. Compliance with these deadlines is important for avoiding penalties and ensuring a smooth tax filing procedure.

Taxpayers are recommended to meet these deadlines to avoid penalties and interest charges. Maintaining an accurate compliance calendar and utilising software tools can help to ensure timely filing and payment. A tax expert can provide more detailed guidance or assistance.

Key Due Dates for January 2025

07th January 2025

• The due date for depositing tax deducted [unless under section 194-IA, section 194-IB, section 194M, or section 194S (by designated person)] or collected in December 2024. However, the total amount deducted or collected by a government office.
• Due date for deposit of TDS from October 2024 to December 2024 when Assessing Officer has approved quarterly deposit of TDS under Sections 192, 194A, 194D, or 194H.

14th January 2025

• The due deadline for issuing a TDS Certificate for tax deducted under Section 194-IA is November 2024.
• The due deadline for issuing a TDS Certificate for tax deducted under Section 194-IB is November 2024.
• The due deadline for issuing a TDS Certificate for tax deducted under Section 194M is November 2024.
• The due date for issuing a TDS Certificate for tax deducted under Section 194S (by a specified person) is November 2024.

15th January 2025

• Due date for submitting Form 24G by a government office where TDS/TCS for December 2024 was paid without the production of a challan.
• TCS Quarterly Statement for December 31, 2024.
• Quarterly statement in respect of foreign remittances (must be given by authorised dealers) in Form No. 15CC for the quarter ending December 31, 2024.
• Due date for submitting Form 15G/15H declarations received during the quarter ending December 2024.
• Statement in Form No. 49BA under Rule 114AAB (by designated fund) for the financial quarter ending December 31, 2024.

30th January 2025

• Quarterly TCS certificate for the quarter ending December 31, 2024.
• The due date for providing a challan-cum-statement in respect of tax deducted under section 194-IA in December 2024.
• The deadline for submitting a challan-cum-statement for tax deducted under section 194-IB in December 2024.
• The deadline for submitting a challan-cum-statement for tax deducted under section 194M is December 31, 2024.
• Due date for providing challan-cum-statement in respect of tax deducted under section 194S (by specified person) in December 2024.

31st January 2025

• TDS quarterly statement for the period ending December 31, 2024.
• Quarterly return of a banking company’s non-deduction of tax at source from time deposit interest for the quarter ending December 31, 2024.
• Sovereign Wealth Fund has announced an investment in India for the quarter ending December 2024.