FY 2026-27

Tax calendar for FY 2026-27

FY 2026-27 is 1 April 2026 to 31 March 2027. You file that income in AY 2027-28. Advance tax falls on 15 June, 15 September, 15 December, and 15 March. If you are not audited, the return is due on 31 July 2027. Your employer issues Form 16 by 15 June 2027. Which form to file is on the ITR guide.

Official sources

Form 16 and Form 16A. The employer issues Form 16 by 15 June of the next financial year.
Rule 31. The same 15 June date is in the certificate table.
Limitation periods (department PDF, 1961 Act text as hosted). Section 211: 15%, 45%, 75%, and 100%. Sections 44AD and 44ADA pay 100% by 15 March.
Income-tax Act, 2025 (CBDT hub), for the Act text that applies when you file.
Income-tax return forms
Form 26AS and the Annual Information Statement
e-Filing portal, where you pay advance tax and file the return

While the year is running

These dates fall inside FY 2026-27, before you file the return. A page labelled AY 2026-27 is the previous year. It is not this one.

calendar_month FY 2026-27

1 Apr 2026 to 31 Mar 2027

assignment AY 2027-28

The year you file this income

event_upcoming 4 advance-tax dates

15 Jun, 15 Sep, 15 Dec, 15 Mar

Date	What
1 Apr 2026	FY 2026-27 starts. The new regime is the default. Tell your employer if you want old-regime TDS. You still choose the regime in the return.
15 Jun 2026	Advance tax so far should reach 15% of the year's estimated tax.
31 Jul 2026	TDS statement for April to June 2026. This is not the income-tax return. The return for this FY is 31 July 2027.
15 Sep 2026	Advance tax so far should reach 45%.
15 Dec 2026	Advance tax so far should reach 75%.
15 Mar 2027	Advance tax so far should reach 100%. Presumptive taxpayers under Section 44AD or 44ADA pay the whole amount on this one date.
31 Mar 2027	FY 2026-27 ends. AY 2027-28 starts the next day.

31 July is two different dates

31 July 2026 is a TDS statement. 31 July 2027 is the return, if you are not audited. Salary TDS is explained on the TDS guide.

After 31 March 2027

You report FY 2026-27 income in AY 2027-28. The dates below are in that assessment year. If the CBDT extends one of them by circular, use the circular date.

Date	What	Who
31 May 2027	TDS statement for January to March 2027	The deductor, including your employer
15 Jun 2027	Form 16	Employer issues it to you. See the Form 16 page.
31 Jul 2027	Income-tax return, no audit	Salary, presumptive income, and ITR-2 with no audit (capital gains, foreign assets, more than one house)
31 Oct 2027	Income-tax return, audit case	Section 44AB applies, including a partner of an audited firm. File the audit report before this return.
30 Nov 2027	Income-tax return, transfer pricing	Section 92E. This is later than the 31 October audit date.
31 Dec 2027	Revised return, Section 139(5)	Anyone correcting a return already filed for AY 2027-28
31 Mar 2029	Updated return, first 12 months	12 months after AY 2027-28 ends (31 March 2028). Extra tax is 25% of the additional tax.
31 Mar 2030	Updated return, Section 139(8A), last day	24 months after 31 March 2028. Extra tax in this second year is 50% of the additional tax.

An updated return is for income you left out. You cannot use it to lower the income or to claim a bigger refund. The fee bands, the form chart, and the audit limits are on the ITR guide.

15 Jun 2027 Form 16

The department's Form 16 page says the employer issues it by 15 June of the financial year after the salary was paid. For FY 2026-27 that is 15 June 2027. Check it against Form 26AS and the AIS before you file.

Advance tax

If the tax left after TDS is more than ₹10,000, you pay advance tax in instalments. The percentages below are cumulative. On a tax of ₹1,00,000, 15 June is ₹15,000, not an extra ₹15,000 on top of a later instalment.

Due date	Cumulative %	If tax is ₹1,00,000
15 June 2026	15%	₹15,000
15 September 2026	45%	₹45,000
15 December 2026	75%	₹75,000
15 March 2027	100%	₹1,00,000

You can skip the quarterly dates

check_circle Salary where the employer already deducts the full tax, and you have no other income that leaves more than ₹10,000 unpaid
check_circle Section 44AD and Section 44ADA: one payment, 100%, on 15 March 2027

Interest if you pay short

warning Section 234C: 1% a month on a short instalment
warning Section 234B: 1% a month if advance tax paid by 31 March is under 90% of the year's tax

How to pay

On the e-filing portal, open e-Pay Tax, use challan 280, and choose Advance Tax. Pay by net banking or UPI. Keep the challan. Tax you pay from 1 April through 15 June counts toward the first instalment. If your estimate changes after June, pay the difference on the next date. A shortfall draws interest under Section 234C.

Late fee and interest

File after your due date and Section 234F charges a fee based on total income. You pay this as well as interest under Section 234A. The same table is on the ITR guide.

Total income	Fee under 234F
Up to ₹2,50,000	Nil
₹2,50,001 to ₹5,00,000	₹1,000
Above ₹5,00,000	₹5,000

Interest on tax you still owe

warning 234A: 1% a month on unpaid self-assessment tax, from the original due date until you file
warning 234B: 1% a month if advance tax is under 90% of the year's tax
warning 234C: 1% a month on each short instalment

Dates worth a reminder

15 Jun 2026, 15 Sep 2026, 15 Dec 2026, 15 Mar 2027: advance tax
15 Jun 2027: Form 16
31 Jul 2027: return, if you are not audited
31 Oct 2027: return, if you are audited
30 Nov 2027: return, if Section 92E applies
31 Dec 2027: revised return

The department does not send a reminder for these dates. A salaried reader's month-by-month list of deductions is on the tax-saving checklist. To see what CTC those taxes leave you, use the calculator.

While the year is running

After 31 March 2027

Advance tax

Late fee and interest

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