Income Tax Compliance Calendar for July 2025: Key Dates & Deadlines

As we step into July 2025, taxpayers—whether individuals, professionals, businesses, or government offices—must stay alert to a packed schedule of income tax compliances. From TDS deposits to foreign remittance filings, and from certificate issuance to extended ITR due dates, July is critical for ensuring full compliance under the Income Tax Act.

Missing deadlines can invite penalties, interest, or even notices—so here’s a complete breakdown of every important compliance date in July 2025, what each requirement entails, and how to stay on top of it.

Detailed Income Tax Compliance Calendar – July 2025

🗓 7 July 2025: TDS/TCS Deposits and Form 27C Upload

• TDS/TCS for June 2025 must be deposited.

• Quarterly TDS payment for April–June allowed for those under Sections 192, 194A, 194D, 194H (as permitted).

• Form 27C declarations for non-collection of TCS from buyers (June) must be uploaded.

✅ Action Point:
Double-check TDS ledgers, generate challans early, and complete payments before bank cutoff timings.

🗓 15 July 2025: TDS Certificates, Foreign Remittances & Quarterly Statements

• Issue TDS certificates for May under Sections 194-IA, 194-IB, 194M, 194S.

• Quarterly TCS statement (Q1) must be filed.

• File Form 15CC for foreign remittances (April–June).

• Upload Form 15G/15H declarations for Q1.

• File Form 3BB for client code modifications (June).

• Government offices to file Form 24G where TDS/TCS was paid without challans.

• IFSC units/specified funds must file quarterly statements of foreign remittances.

• Submit statements under Rule 114AAB by specified funds.

✅ Action Point:
Prepare and verify all supporting documents, coordinate with clients, and ensure timely uploads to avoid compliance flags.

🗓 30 July 2025: TCS Certificates & Challan-Cum-Statements

• Issue TCS certificates for Q1 (April–June 2025).

• File challan-cum-statements under Sections 194-IA, 194-IB, 194M, and 194S for June 2025 transactions.

✅ Action Point:
Ensure all challan-cum-statement data is validated and error-free before filing.

🗓 31 July 2025: Quarterly TDS Statement & Other Major Filings

• File Quarterly TDS Statement (Q1) for April–June 2025.

• Submit Form 10CCF by CAs certifying Section 80 deductions for FY 2024–25.

• Quarterly non-deduction statement by banks (interest on time deposits).

• File Form 10BBB and Form II for SWFs and pension funds investing in India.

• Submit statements under Rules 5D, 5E, and 5F by scientific research bodies.

✅ Action Point:
Start early. Cross-check reconciliations and ensure CA certifications are in place before the deadline rush.

🗓 Extended Due Date – 15 September 2025

As per CBDT Circular No. 06/2025 (Dated 27 May 2025), the ITR due date for non-corporate taxpayers (not requiring audit) for AY 2025–26 has been extended from 31 July to 15 September 2025.

Also Extended:

• Section 80GG declarations for rent deduction

• Opt-in/opt-out forms under Sections 115BAC, 115BAD, 115BAE

• Royalty deduction forms (80RRB, 80QQB, 115BBF)

• Section 89/89A relief forms

• Capital gains attribution reports under Section 45(4)

• CA reports for fund structures

• Eligible person fund contribution reports

Why This Compliance Calendar Matters

• Avoid Interest & Penalties: Late TDS/TCS payments attract interest under Sections 201(1A) and 206C(7).

• Ensure Credit for Deductees: Timely TDS certificates help taxpayers claim correct TDS credit.

• Smooth Assessments: Complete forms, declarations, and reconciliations help defend against scrutiny or future assessments.

• Use Extensions Wisely: The extension to September isn’t a delay excuse—use it to prepare cleaner filings.

Action Checklist for July 2025

✔️ Share this calendar with your tax, finance, and payroll teams
✔️ Finalize TDS & TCS payments early in the month
✔️ Communicate form extensions and prepare required documentation
✔️ Track ITR-related forms and declarations for clients
✔️ Watch for any further circulars or extensions from CBDT

Frequently Asked Questions (FAQs)

Q1. What happens if I miss the 7 July TDS deposit deadline?
You may face interest @1.5% per month or part thereof under Section 201(1A) and penalty if delay is extended.

Q2. Do I need to issue TDS certificates separately under different sections?
Yes. TDS certificates for Sections 194-IA, 194-IB, 194M, and 194S are individually required and must be issued on time.

Q3. What if I already filed Form 15G/15H late?
Late upload can result in notices or tax deduction mismatches. Always submit within the quarter timeline.

Q4. Does the ITR extension apply to businesses requiring audit?
No. The 15 September 2025 extension is only for non-corporate, non-audited taxpayers.

Q5. Can I file forms like 80GG or 89A later if my ITR is extended?
Yes, the related declaration forms have been simultaneously extended along with ITR deadlines.

Conclusion

With a host of deadlines packed into July, this is one of the most compliance-heavy months of the year for income tax. Whether you're a tax consultant, CA firm, finance officer, or independent taxpayer, staying on top of this calendar is essential for a smooth filing season.

The extension to 15 September 2025 is a welcome relief—but it should be used as an opportunity to prepare smarter, not delay unnecessarily. Review your internal systems, clean up your ledgers, complete reconciliations, and ensure all compliance filings are managed proactively.