Income Tax Due Dates for Individuals & Businesses – TY 2026-27

The Income Tax Act of 2025 governs income tax payable in the Tax Year 2026-27 which begins from 1 April 2026 to 31 March 2027. The basic income tax payment structure which includes TDS, TCS, advance tax and self-assessment tax remains same under the new act.

1. Advance Tax Due Dates – TY 2026-27

Due Date	Advance Tax Payable
15 June 2026	15%
15 September 2026	45%
15 December 2026	75%
15 March 2027	100%

The ₹10,000 threshold for the liability for advance tax remains same under the Income Tax Act 2025.

For Presumptive Taxation

Taxpayers eligible under presumptive taxation provisions normally pay the total amount of advance tax in one installment on or before 15 March of the respective financial year.

2. TDS Payment Due Dates

TDS is usually required to be deposited within the 7th day of the following month.

For TDS deduction in the month of March, the general due date of the non-government deductors is 30 April. The Income Tax Rules of 2026 maintain these deadlines.

3. Income Tax Return Due Dates

The Income tax return for TY 2026-27 will be filed after the completion of the tax year, i.e., in the year 2027. According to the Income Tax Department, the ITR of Tax Year 2026-27 is not due till July 2027, whereas taxpayers need to keep a record of their income, TDS and advance tax payment in the Tax Year 2026-27.

The actual due date of ITR depends upon the taxpayer and his/her audit/return filing requirement.

4. Self-Assessment Tax

The net tax liability, after the reduction of TDS, TCS and advance tax should be paid as the Self-Assessment Tax.

Quick Due Date Calendar for Advance Payments in Tax Year (TY) 2026-27

15 June 2026 → 1st Installment of Advance Tax Payment – 15%

15 September 2026 → 2nd Installment of Advance Tax Payment – 45%

15 December 2026 → 3rd Installment of Advance Tax Payment – 75%

15 March 2027 → 4th Installment of Advance Tax Payment – 100%

7th day of subsequent month → Due Date for General TDS Deposit

30 April 2027 → Due Date for TDS Deposit for March 2027 for Non-Government Deductors

2027 → ITR Filing for Tax Year 2026-27 – Due Date depending upon the taxpayer/category.

Critical Observation

The two terms, namely TY 2026-27 and AY 2026-27, should not be confused. The AY 2026-27 pertains to income generated for the fiscal year 2025-26 and is still under the purview of the Income Tax Act, 1961. On the other hand, the TY 2026-27 pertains to income