Income Tax Calendar 2024:- As the new year unfolds, taxpayers around the world gear up for another tax season. Staying organized and informed about important tax-related dates is crucial to ensure a smooth filing process. The Income Tax Calendar for 2024 PDF is a valuable resource that provides a comprehensive overview of key dates and deadlines. In this article, we’ll guide you through the significant dates you need to mark on your calendar to navigate the tax season efficiently.
Income Tax Calendar
Remembering income tax deadlines is crucial to avoid penalties, interest, and ensure timely filing of income tax return (ITR). Abhishek Soni, CEO of Tax2Win.in, provides important income tax deadlines for January to December 2024. As the new year begins, individuals and businesses should prepare for the upcoming tax season by staying organized and informed. The Income Tax Calendar for 2024 is a comprehensive guide detailing key dates, deadlines, and milestones for taxpayers. This article will highlight essential dates to navigate the tax landscape efficiently.
Income Tax Calendar Overview
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What is the Income Tax Calendar PDF 2024?
The Income Tax Calendar PDF 2024 is a comprehensive document outlining crucial tax-related dates for the year. It covers deadlines for filing returns, making estimated payments, and other essential financial milestones.
Important tax-related Dates
Navigating the intricacies of tax obligations requires awareness of crucial dates that shape financial responsibilities. From filing deadlines to estimated tax payments, these key dates form the backbone of fiscal planning. Staying informed about these important tax-related dates is paramount to avoiding penalties and ensuring compliance. Whether you’re an individual taxpayer or a business owner, marking your calendar with these dates ensures a proactive approach to financial management, allowing you to stay in control and make informed decisions throughout the fiscal year.
January 2024
| Date | Deadline/Event |
| January 15, 2024 | Fourth Quarter Estimated Tax Payment Due for self-employed individuals and business owners |
| January 31, 2024 | Form W-2 and 1099-MISC Deadline |
February 2024
| Date | Deadline/Event |
| February 7 | Deposit TDS/TCS for January 2024 |
| February 14 | Issue TDS Certificate for tax deducted in December 2023 under Sections 194-IA, 194-IB, and 194M |
| February 15 | Issue quarterly TDS certificate for non-salary income tax deducted for the quarter ending December 31, 2023 |
March 2024
| Date | Deadline/Event |
| March 15, 2024 | S Corporation and Partnership Tax Return Deadline |
April 2024
| Date | Deadline/Event |
| April 15, 2024 | Individual Tax Return Deadline and First Quarter Estimated Tax Payment Due |
May 2024
| Date | Deadline/Event |
| May 7 | Deposit TDS and TCS for April 2024 |
| May 15 | Issue TDS certificate for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in March 2024 |
| May 15 | Last date for filing quarterly statement of TCS deposited for the quarter ending March 31, 2023 |
| May 30 | Issue TCS certificates for the January-March 2024 quarter |
| May 31 | Last date for filing quarterly statement of TDS deposited for the January-March 2024 quarter |
| May 31 | Deadline for obtaining Form 10BE as proof for any donation made in FY 2023-24 (AY 2024-25) under Section 80G |
June 2024
| Date | Deadline/Event |
| June 15, 2024 | Second Quarter Estimated Tax Payment Due for self-employed individuals and business owners |
July 2024
| Date | Deadline/Event |
| July 7 | Deposit TDS and TCS for tax deducted in June 2024 |
| July 7 | Deposit TDS for the April to June 2024 quarter under sections 192, 194A, 194D, and 194H |
| July 15 | Issue TDS certificates for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in May 2024 |
| July 15 | File quarterly statement of TCS deposited in the April to June 2024 quarter |
| July 15 | Banks upload Form 15G/ Form 15H declarations received by them |
| July 30 | Collect TCS certificate for the quarter ending June 30, 2024, for tax collected on the purchase of motor vehicles and overseas travel |
| July 30 | File challan statement under sections 194-IA, 194-IB, 194M, and 194S for June 2024 |
| July 31 | File quarterly TDS statement for the April-June 2024 quarter |
| July 31 | Last date to file income tax return for individuals without audited accounts, including most salaried and many non-salaried individuals |
August 2024
| Date | Deadline/Event |
| August 7 | Deadline for depositing TDS and TCS for July 2024 |
| August 14 | Deadline to issue TDS certificates for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in June 2024 |
| August 15 | Last date for issuing quarterly TDS certificates for tax deducted from non-salary payments for the April-June quarter 2024 |
| August 30 | Last date for filing challan statement for tax deducted under sections 194-IA, 194-IB, 194M, and 194S for July 2024 |
September 2024
| Date | Deadline/Event |
| September 15, 2024 | Third Quarter Estimated Tax Payment Due for self-employed individuals and businesses |
October 2024
| Date | Deadline/Event |
| October 15, 2024 | Extended Individual Tax Return Deadline for those who filed for an extension |
November 2024
| Date | Deadline/Event |
| November 7 | Deposit TDS and TCS deducted in October 2024 |
| November 14 | Issue TDS certificates for TDS deducted under sections 194-IA, 194-IB, 194M, and 194S in September 2024 |
| November 15 | Deadline to issue quarterly TDS certificates for tax deducted on non-salary payments for the quarter ending September 30, 2024 |
| November 30 | File challan statement for FY 2023-24 for taxpayers with audited accounts and international or specified domestic transactions |
December 2024
| Date | Deadline/Event |
| December 31, 2024 | Last Day for Required Minimum Distributions (RMDs) for individuals aged 72 or older with retirement accounts |
Please note that this table provides a summarized overview, and it’s essential to refer to the specific tax regulations and guidelines for accurate compliance.
Conclusion
Stay tax-savvy in 2024 with this comprehensive Income Tax Calendar PDF. Vital for individuals and businesses, it highlights crucial dates, from estimated tax payments to filing deadlines. Ensure timely compliance, preventing penalties and optimizing financial planning. Download now for a hassle-free tax year, armed with the knowledge of significant events shaping your financial landscape. Don’t miss a date; secure your financial future with this indispensable guide to key tax-related milestones.
FAQ’s
What is the Income Tax Calendar PDF?
The Income Tax Calendar PDF is a comprehensive document outlining crucial tax-related dates for the year. It covers deadlines for filing returns, making estimated payments, and other essential financial milestones.
Where can I access the Income Tax Calendar PDF?
You can typically find the Income Tax Calendar PDF on official tax department websites, financial advisory platforms, or download it from reputable tax-related resources.
Why is it important to follow the Income Tax Calendar?
The calendar ensures timely compliance with tax regulations, helping individuals and businesses avoid penalties and interest charges. It aids in effective financial planning and organization.
What dates are covered in the Income Tax Calendar PDF 2024?
The calendar includes a range of dates, such as deadlines for filing tax returns, making estimated tax payments, issuing certificates, and other key events throughout the year.
What should I do if I miss a tax-related deadline mentioned in the Income Tax Calendar?
If you miss a deadline, take immediate action. Consult with a tax professional to assess any potential penalties, and follow the necessary steps to rectify the situation, such as filing for an extension if applicable.
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