May 2026 Compliance Tracker: Critical Tax Deadlines for Professionals:

May 2026 Compliance Tracker: Critical Tax Deadlines for Professionals INTRODUCTION If you are a tax professional or Business owner & don’t want to pay any Interest, penalties or late Fees in the upcoming month, then this article is for you. As May 26 is heavy on TDS, GST Fillings & Other Routine Compliances & missing these deadlines can lead to unnecessary Compliance hassles & notices. It is the month where you will wrap up final filings of the OLD Financial Year 25-26, while starting with new compliances under the new Income Tax Act 2025 INCOME TAX COMPLIANCES As soon as you have paid TDS for March 26 by 30^th April 2026. It's time to file the necessary TDS returns for Q4. As it is the final TDS return for the FY 25-26, one has to reconcile the books with the earlier returns filed for respective quarters in order to reduce hurdles during the finalisation of books & Audit.

Due Date	Compliance Action	Period	Warning / Penalty
07-May-26	TDS/TCS Deposit: Payment of tax deducted/collected in April as per New Income Tax Act 2025	Apr-26	Interest: 1.5% per month for late payment.
15-May-26	Quarterly TDS Return: Filing Form 27EQ	Jan–Mar 26	Late Fee: ₹200/day.
30-May-26	Challan-cum-Statement: Forms 26QB/26QC/26QD for property/rent.	Apr-26	Late Fee: ₹200/day. High risk of notice for high-value transactions.
31-May-26	Quarterly TDS Return: Filing Forms 24Q, 26Q, and 27Q.	Jan–Mar 26	Late Fee: ₹200/day.
31-May-26	SFT Filing: Statement of Financial Transactions (Form 61A).	FY 2025-26	Penalty: ₹500–1,000 per day. Flat ₹50k for inaccurate data.

GST COMPLIANCES It's very crucial to comply with GST compliance, as it comprises various returns for various types of taxpayers. Hence, one has to accurately file all necessary returns & comply with all requirements, or it leads to serious consequences. For April 26, one should remember the following deadlines:

Due Date	Return / Form	Type of Taxpayer	Warning / Penalty
10-May-26	GSTR-7 & GSTR-8	TDS (Govt) / TCS (E-commerce)	Late Fee: ₹50/day. Blocks credit for the deductee.
11-May-26	GSTR-1	Monthly Filers (Outward Supplies)	Late Fee: ₹50/day. Critical: Blocks GSTR-3B filing.
13-May-26	IFF / GSTR-5 / GSTR-6	QRMP / NRTP / ISD	Warning: Missing IFF prevents buyers from claiming ITC.
20-May-26	GSTR-3B	Monthly Summary Return	Interest: 18% p.a. + Late Fee. Risk of GSTIN suspension.
20-May-26	GSTR-5A	OIDAR Service Providers	Late Fee: ₹100/day or ₹200/day
25-May-26	PMT-06	QRMP Taxpayers (Payment)	Interest: 18% p.a. if tax deposit is insufficient.

ROC COMPLIANCES MCA Compliance are very important to maintain the active status of companies & LLPs. But there are no Monthly requirements like GST or TDS. But a Company has to fulfil all necessary requirements to stay compliant. For May 26, Companies & LLPs Should not miss these deadlines

Due Date	Form Name	Applicable To	Warning / Penalty
30-May-26	LLP Form 11	All LLPs (Annual Return)	Late Fee: ₹100 per day. No upper cap on the total penalty.
30-May-26	PAS-6	Unlisted Public Companies	Note: Half-yearly reconciliation of share capital.
Event-Based	PAS-3 / DIR-12	Share allotment/Appointment or Resignation of Director & KMP	Warning: Must be filed within 30 days of the event.

COMPLIANCES FOR EMPLOYERS Being an Employer, you need to stay compliant with PF/ESI Regulations as timely deduction & deposition with authorities

Due Date	Compliance Task	Period	Warning / Penalty
12-May-26	ESI Half-Yearly Return	Oct 25–Mar 26	Note: Filing for the previous 6-month contribution period.
15-May-26	EPF & ESI Deposit	Apr-26	Severe: Late employee share payment is now taxable income for the employer u/s 36 of the IT Act 1961.
15-May-26	Professional Tax (PT)	Apr-26	Penalty: 1.25%–2% per month (varies by state, like GJ/MH).

CRUX OF ARTICLE

• Income Tax: Closing Q4 of the old year & starting April of the new year.
• GST: Track April Sales and comply with TDS/TCS returns.
• ROC: Focus on the LLP Form 11 Annual Return (Due May 30).
• Employer: Ensure avoiding "Deemed Income" paying PF/ESI by the 15th.