July is a significant month for taxpayers-from tax forms to deadlines this month has it all covered. Individuals, businesses, employers and salaried employees all need to keep track of their tax calendar. Given below are key deadlines that all taxpayers must be aware of.
July 7, 2026: This is the due date for depositing Tax Deducted at Source (TDS) for the April–June quarter in cases where quarterly payment approval has been granted. Tax deductors covered under this provision must ensure the deducted tax is deposited with the government by the deadline. Missing this due date is likely to attract interest, late payment charges, and other penalties under the Income Tax Act.
July 15, 2026: Crucial tax reporting obligations fall due on this date, particularly for government offices, stock exchanges, authorised dealers, International Financial Services Centre (IFSC) units, and intermediaries handling transactions for non-resident investors. Entities covered under these requirements must complete the necessary filings in time to avoid penalties.
July 30, 2026: Tax deductors must file challan-cum-statement for specified tax deducted during June 2026.
July 31, 2026: This is the most impactful deadline. Taxpayers filing ITR-1 and ITR-2 for FY 2025-26 must submit their Income Tax Returns by this date. Missing this deadline will result in late filing fee, interest on unpaid taxes, and other compliance issues.
July 31, 2026: This is also the due date for filing quarterly TDS and TCS returns for the quarter ended June 30, including TDS statements for salary payments and payments made to non-residents.
July 31, 2026: This is the deadline for submitting some prescribed forms as well. Form 10BA for claiming claiming deduction under Section 80GG on rent paid, Form 10E for claiming relief on salary received in arrears or in advance, and Forms 10H, 10CCE and 10CCD for specified foreign income and royalty-related deductions.