SATELLITE PAGE FY 2026-27

Tax Calendar FY 2026-27.

Every income tax compliance date for FY 2026-27 in one place. Advance tax installments, ITR filing deadlines, revised return window, Form 16 schedule, and TDS return dates — month by month.

Overview

FY 2026-27 runs from 1 April 2026 to 31 March 2027. The corresponding Assessment Year is AY 2027-28 — this is the year in which the Income Tax Department assesses your income earned during FY 2026-27 and you file your return.

calendar_month FY 2026-27

1 Apr 2026 — 31 Mar 2027

assignment AY 2027-28

Assessment year for this FY

event_upcoming 4 Advance Tax Dates

15 Jun, 15 Sep, 15 Dec, 15 Mar

Key compliance milestones you need to track: 4 advance tax installments (if your tax liability exceeds the threshold), ITR filing deadlines (varying by case type), revised return window (31 December of the assessment year), and the updated return window (24 months from end of AY under Section 139(8A)).

WHY THESE DATES MATTER

Missing any of these dates can cost you penalties and interest. Late ITR filing attracts a penalty up to ₹5,000 under Section 234F. Missed advance tax installments attract interest under Sections 234B and 234C. Mark these dates — the department does not send reminders.

Month-by-Month Calendar

Here is what happens each month during FY 2026-27 and the compliance actions required.

APRIL New FY Begins

check_circle FY 2026-27 begins on 1 April 2026
check_circle Choose tax regime for salary (New or Old) — inform employer
check_circle Begin new financial year planning — invest for deductions under Old Regime if applicable

MAY Form 16 Preparation Begins

check_circle Employers begin preparing Form 16 (salary TDS certificate)
check_circle TDS returns for January–March quarter due by 31 May

JUNE 15 Advance Tax Installment 1

First advance tax installment due. Cumulative 15% of estimated tax liability for the year.

warning Applies if total tax liability exceeds ₹10,000 after TDS
check_circle Pay via challan 280 on incometax.gov.in

JULY Form 16 & ITR Filing

check_circle Employers must issue Form 16 by 15 July 2027
check_circle TDS returns for April–June quarter due by 31 July

JULY 31

ITR Filing Deadline

ITR-1, ITR-4, and non-audit cases. Also the revised return deadline for the previous AY (AY 2026-27).

AUGUST TDS Return Processing

check_circle TDS returns for April–June quarter processed by CPC-TDS
check_circle Verify Form 26AS and AIS for TDS credits — discrepancies must be flagged

SEPTEMBER 15 Advance Tax Installment 2

Second advance tax installment due. Cumulative 45% of estimated tax liability for the year.

warning If your estimate changed after June, adjust now — shortfall attracts interest under 234C

OCTOBER Audit & Extended ITR Deadlines

check_circle Tax audit report (Section 44AB) due by 30 October 2027

OCTOBER 31

ITR Filing Deadline (Audit Cases)

ITR-2, ITR-3 for taxpayers requiring tax audit, transfer pricing, or international tax.

NOVEMBER 30 Transfer Pricing ITR Deadline

NOVEMBER 30

ITR Filing Deadline (Transfer Pricing)

Taxpayers covered under transfer pricing provisions (Section 92E). Extended deadline.

DECEMBER Advance Tax & Return Deadlines

DEC 15

Advance Tax Installment 3

Cumulative 75% of estimated tax liability.

check_circle 31 December 2027: Revised return deadline for AY 2027-28
check_circle Updated return window (139(8A)) begins from this date

JAN — MAR Updated Return Window Continues

check_circle Updated return (139(8A)) can be filed up to 24 months from the end of AY
check_circle Any additional tax paid via updated return attracts additional interest

MARCH 15 Advance Tax Installment 4

Final advance tax installment due. Cumulative 100% of estimated tax liability. This is the last chance to pay any remaining advance tax.

MARCH 31

FY Ends — Assessment Year Begins

FY 2026-27 ends. AY 2027-28 begins. All income earned during this period must be reported in ITR filing by the applicable deadline.

Advance Tax Dates

Advance tax is paid in 4 installments during the financial year. If your total tax liability after TDS exceeds ₹10,000, you must pay advance tax. Missing installments attracts interest under Sections 234B and 234C.

Due Date	Cumulative %	Amount (Tax = ₹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

WHO IS EXEMPT

check_circle Salaried employees where employer deducts full TDS
check_circle Presumptive income under Section 44AD / 44ADA — single installment on 15 March

PENALTY FOR SHORTFALL

warning Section 234C: 1% per month interest on shortfall per installment
warning Section 234B: 1% per month interest if you fail to pay 90% of total tax by 31 March

HOW TO PAY ADVANCE TAX

Log in to incometax.gov.in → e-Pay Tax → Challan 280 → Select "Advance Tax" → Pay via net banking or UPI. Keep the challan receipt — you will need it when filing ITR. Payments made between 1 April and 15 June count toward the first installment.

Key Deadlines

Consolidated reference of all critical filing and compliance deadlines for FY 2026-27 (AY 2027-28).

Deadline	What	Who
15 Jul 2027	ITR-1 / ITR-4 filing	Salaried, presumptive income (non-audit)
31 Oct 2027	ITR-2 / ITR-3 filing	Business income, audit cases, capital gains, foreign assets
30 Nov 2027	ITR filing (transfer pricing)	Taxpayers covered under Section 92E
31 Dec 2027	Revised return (139(5))	Any taxpayer who filed the original return
31 Mar 2029	Updated return (139(8A))	24 months from end of AY — for missed income or wrong claims

LATE FILING PENALTY (234F)

warning ₹5,000 if filed after due date (total income > ₹5L)
warning ₹1,000 if total income ≤ ₹5L (reduced penalty)
warning ₹0 if filed before 31 December of the assessment year

INTEREST ON DELAYED TAX

warning 234A: 1% per month on unpaid self-assessment tax
warning 234B: 1% per month if advance tax < 90% of total
warning 234C: 1% per month on each deferred installment

SAVE THESE DATES

Set calendar reminders for: 15 Jun (advance tax 1), 31 Jul (ITR non-audit), 15 Sep (advance tax 2), 31 Oct (ITR audit), 30 Nov (ITR TP), 15 Dec (advance tax 3), 31 Dec (revised return), 15 Mar (advance tax 4). The department does not send reminders — it is your responsibility to track these.