TDS and TCS Due Date Compliance Calendar for Tax Year 2026-27:

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Professional, you must be aware of the changes applicable from 1^st April 2026, i.e., the Income Tax Act 1961 stands repealed and is replaced by the Income Tax Act 2025.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

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MONTHLY TDS/TCS PAYMENT DATES  It's basically the 7^th 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

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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.