Income Tax Compliance Calendar: July 2025
📅 Date: July 1, 2025 · By Aaerm Law Associates
As July 2025 kicks off, individuals and businesses must heed several income tax deadlines. Moreover, the Central Board of Direct Taxes (CBDT) has extended the non-audit ITR filing deadline to September 15, 2025 under Circular No. 06/2025. That said, most other filings still fall due this month. Consequently, staying organized and proactive ensures you avoid interest, penalties, or cascading compliance issues.
🔔 Key Income Tax Deadlines for July 2025
| Date | Task | Who Should Act |
|---|---|---|
| 7 July 2025 | Pay TDS/TCS for June 2025<br>Upload Form 27C (buyer declarations) | All with TDS/TCS liabilities/TDS collectors |
| 15 July 2025 | Issue TDS certificates for May under §§ 194‑IA, IB, M, S<br>Furnish:<br>- Form 15CC (foreign remittances)<br>- TCS statement for Q1<br>- Form 15G/15H uploads<br>- Form 3BB (stock exchanges)<br>- Form 24G (government offices)<br>- Other Q1 filings by IFSC units, funds, associations | Banks, authorised dealers, government offices, exchanges, IFSC units |
| 30 July 2025 | Furnish challan‑cum‑statements for Sections 194‑IA, IB, M, S (June)<br>Issue quarterly TCS certificates | Deductors/collectors under specified sections |
| 31 July 2025 | File quarterly TDS returns (Forms 24Q/26Q)<br>Submit ITR for non-audited taxpayers (extended deadline: Sept 15)<br>Provide:<br>- Form 10CCF (Chartered Accountant report)<br>- Q1 scientific research association statements (Rules 5D–5F)<br>- Form 10BBB (pension & sovereign wealth funds)<br>- Options under §§ 115BAC, 115BAD, 115BAE, 80GG, 80RRB, 80QQB, 89A, 45(4)<br>- Capital-gains attribution & arm’s length price reports | Salaried individuals, NRIs, pension funds, research orgs, taxpayers claiming deductions or opting tax regimes | |
Note: The ITR deadline extended to September 15, 2025 applies only to non-audited taxpayers. However, self-assessment tax must be paid by July 31 to avoid penal interest.
✅ Why These July 2025 Filings Matter
- Avoid financial penalties: Late payments and returns can lead to ₹5–₹10 k fines plus interest charges.
- Comply with extension conditions: Only the ITR filing deadline extends; all related payments and certificates must still follow original dates.
- Safeguard your claims: Timely submission of forms like 10CCF, 115BAC, etc., ensures eligibility for exemptions and correct tax regime classification.
- Plan cash flow efficiently: With multiple filings clustered this month, structured planning helps you stay compliant without stress.
📌 Pro Tips to Manage July Filings
- Set dual reminders: Group tasks into two key slots—around 7–15 July and 30–31 July.
- Use digital tools: Upload Form 15G/15H electronically and issue TDS certificates through the Income Tax e‑filing portal to save time.
- Consult a CA: Especially for complex forms like 10CCF, 10BBB, and 115BAC options—get expert guidance to avoid errors.
- Ensure self-assessment tax paid before July 31 in addition to filing the ITR by September 15.
📣 Final Takeaways
- Pay and file TDS/TCS and certificates by 7, 15 & 30 July
- Submit quarterly TDS statements and elective forms by 31 July
- Remember: ITR filing shifts to 15 September, but tax payments remain on 31 July
- Stay proactive—consult a tax expert if you’re unsure about any form or deadline.
