January 2025 Income Tax Calendar: TDS, TCS, and Filing Deadlines
Stay ahead of tax deadlines! The January 2025 Income Tax Calendar highlights key dates to avoid penalties and ensure seamless compliance for individuals and businesses alike.
Plan your tax filings with ease! Discover the key January 2025 income tax deadlines for TDS, TCS, and quarterly filings to avoid penalties and ensure compliance.
Importance of Staying Updated
- Crucial to meet deadlines to avoid penalties and ensure smooth tax filing.
- Maintaining a compliance calendar and using automated tools can aid timely filing.
- Consulting with a tax professional is recommended for in-depth guidance.
Key Dates for January 2025
January 7, 2025
- Last date to deposit TDS/TCS for December 2024 (excluding specific sections like 194-IA, 194-IB, 194M, or 194S by specified persons).
- Last date to deposit TDS for October–December 2024, if allowed quarterly under Sections 192, 194A, 194D, or 194H.
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January 14, 2025
- Deadline for issuing TDS certificates for taxes deducted under sections 194-IA, 194-IB, 194M, or 194S for November 2024.
January 15, 2025
- Submission deadline for Form 24G by government offices for TDS/TCS paid without a challan in December 2024.
- Last date for quarterly TCS statement submission for the quarter ending December 31, 2024.
- Deadline for filing the quarterly foreign remittances statement (Form 15CC) for the December 2024 quarter.
- Submission of Form 15G/15H declarations received during the December 2024 quarter.
- Filing deadline for Form No. 49BA under Rule 114AAB by specified funds for the quarter ending December 2024.
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January 30, 2025
- Deadline for issuing quarterly TCS certificates for the quarter ending December 31, 2024.
- Submission of challan-cum-statement for TDS under sections 194-IA, 194-IB, 194M, or 194S for December 2024.
January 31, 2025
- Last date to submit quarterly TDS statement for the December 2024 quarter.
- Deadline for quarterly non-deduction of tax return submission by banking companies for interest on time deposits.
- Filing deadline for Sovereign Wealth Funds to report investments made in India for the December 2024 quarter.
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Don’t miss critical tax deadlines in January 2025. Stay informed, file timely, and avoid penalties by tracking these important compliance dates.
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