Income Tax Calendar: Due Dates and TDS for AY 2022-23
The Income Tax Department notifies crucial ITR filing dates at the start of every assessment year. The due dates for filing various forms and making payments are different for every entity. Taxpayers must adhere to these deadlines in order to avoid penal provisions under Sections 234A and 234F.
To get the important dates of the Income-tax calendar for AY 2022-2023, read on!
Due Dates for AY 2022-23
| Category of Taxpayer | Due Dates (unless extended) |
| Individuals, Body of Individuals, Association of Persons, Hindu Undivided Family (books not required to be audited) | July 31 2022 |
| Businesses whose books require an audit | October 31 2022 |
| Businesses which require a Transfer Pricing Report | November 30 2022 |
Also Read: Income Tax Slabs In India For FY 2022-23: New Tax Regime Vs Old Tax Regime
Income Tax Calendar for AY 2022-23
Here is a complete list of income tax due dates for filing forms and making various tax payments
| Date | Importance |
| June 15 2022 | Last date for paying 1st instalment of advance tax for FY 2022-23 |
| July 15 2022 | Due date for ITR filing in the case of entities whose books are not audited and those that do not conduct any international transaction |
| September 15 2022 | Deadline for payment of 2nd instalment of advance tax for FY 2022-23 |
| September 30 2022 | The due date for submission of tax audit report under Section 44AB of Income Tax Act if entities are liable for audit |
| October 31 2022 | Due date of filing income tax return for taxpayers whose books require audit under IT Act (only for those taxpayers who do not indulge in international transactions) |
| October 31 2022 | Deadline for submitting audit reports for taxpayers having TP and certain domestic transactions. |
| November 30 2022 | ITR filing deadline for taxpayers requiring audit under Section 92E of Income Tax Act. |
| December 15 2022 | Last date to make 3rd instalment of advance tax for FY 2022-23 |
| December 31 2022 | Due date for filing belated or revised return for FY 2021-22 |
Tax Deducted at Source (TDS) Calendar for AY 2022-23
| Quarter Ending | Last Date for filing TDS return for AY 2022-23 |
| June 30 2022 (Q1) | July 31 2022 |
| September 30 2022 (Q2) | October 31 2022 |
| December 31 2022 (Q3) | January 31 2023 |
| March 31 2023 ( Q4) | May 31 2023 |
Also Read: Professional Tax: 2022 Slab Rates, Exemptions & Applicability In India
Final Word
Income tax calendar is issued for every assessment year by the IT Department. Taxpayers must not miss the due dates for filing returns, or else they will have to pay heavy penalties.
FAQs on Income Tax Calendar For AY 2022-23
Ans: Taxpayers can avail of tax refunds after the due date by filing belated returns. In this case, they may have to pay penalties and interest, which the IT Department will adjust against refunds due. So one filing returns after the due date will get lower refunds.
Ans: Individuals cannot file their ITR voluntarily after the due date for belated return. They may file ITR only if the Income Tax Department issues notice to the taxpayer. In such a scenario, they will be liable for strict penalties and heavy penal interest payments.
Ans: Last date of filing ITR for domestic companies for FY 2021-22 is October 31 2022. However, companies that carry out international transactions and are liable for audit under Section 92E will have to file their ITR on or before November 30 2022
Ans: Taxpayers can file their TDS returns after the due date. However, they are liable to pay a penalty amounting to Rs. 200 per day according to Section 234E. Deductors will have to pay this penalty every day after the due date till the time they file their return.
Ans: Deductors apart from Government offices have to deduct TDS monthly. They must deposit the tax collected by the 7th of next month. However, only in the case of March, all TDS collected in that month must be deposited on or before April 30.
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This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
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