- Mehak Chanotiya
September 17, 2026
TDS and TCS Compliance Calendar for FY 2026-27
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A comprehensive compliance calendar for FY 2026-27 detailing monthly deposit deadlines, quarterly statement and certificate due dates across updated forms, advance tax schedules, and statutory penalties under the Income-tax Act, 2025.
TDS and TCS Compliance Calendar
FY 2026-27 (1 April 2026 to 31 March 2027): Due Dates for Deposits, Returns, and Certificates
Quick Insights
• Missing even one TDS or TCS due date can quietly turn into extra interest and late fees.
• A small PAN or challan mismatch today can become a notice tomorrow.
• Filing the return is only half the job; matching the tax actually matters.
• Staying regular with TDS and TCS compliances saves more money than fixing mistakes later.
• Most compliance problems start small, but they get expensive when ignored.
Month-Wise TDS and TCS Compliance Calendar (FY 2026-27)
All dates are for Financial Year 2026-27, running from 1 April 2026 to 31 March 2027.
|
Due Date |
Compliance / Form to be Filed |
Period |
Who Should File? |
|
07/04/2026 |
TCS Deposit |
March 2026 |
All deductors/collectors |
|
30/04/2026 |
TDS Deposit |
March 2026 |
All deductors/collectors |
|
07/05/2026 |
TDS/TCS Deposit |
April 2026 |
All deductors/collectors |
|
15/05/2026 |
Form 141 (TDS on Property) |
April transactions |
Buyer of property |
|
31/05/2026 |
Form 16 / 16A (old Act certificates) |
FY 2025-26, Q4 |
Deductor |
|
07/06/2026 |
TDS/TCS Deposit |
May 2026 |
All deductors/collectors |
|
15/06/2026 |
Advance Tax, 1st Instalment |
FY 2026-27 |
Taxpayers with liability above Rs. 10,000 |
|
07/07/2026 |
TDS/TCS Deposit |
June 2026 |
All deductors/collectors |
|
15/07/2026 |
Form 141 (Challan-cum-Statement) |
June transactions |
Buyer/Tenant |
|
31/07/2026 |
TDS Return, Form 138 / 140 / 144 |
Q1 (Apr-Jun 2026) |
All deductors |
|
31/07/2026 |
TCS Return, Form 143 |
Q1 (Apr-Jun 2026) |
TCS collectors |
|
07/08/2026 |
TDS/TCS Deposit |
July 2026 |
All deductors/collectors |
|
15/08/2026 |
Form 16 / 16A Correction, if any |
FY 2025-26 |
Deductor |
|
15/08/2026 |
TDS Certificate (Non-Salary), Form 131 |
Q1 (Apr-Jun 2026) |
Applicable TDS deductors |
|
15/08/2026 |
TCS Certificate, Form 133 |
Q1 (Apr-Jun 2026) |
TCS collectors |
|
07/09/2026 |
TDS/TCS Deposit |
August 2026 |
All deductors/collectors |
|
15/09/2026 |
Advance Tax, 2nd Instalment |
FY 2026-27 |
Taxpayers |
|
07/10/2026 |
TDS/TCS Deposit |
September 2026 |
All deductors/collectors |
|
31/10/2026 |
TDS Return, Form 138 / 140 / 144 |
Q2 (Jul-Sep 2026) |
All deductors |
|
31/10/2026 |
TCS Return, Form 143 |
Q2 (Jul-Sep 2026) |
TCS collectors |
|
07/11/2026 |
TDS/TCS Deposit |
October 2026 |
All deductors/collectors |
|
15/11/2026 |
Form 16 / 16A Correction Window |
FY 2025-26 |
Deductor |
|
15/11/2026 |
TDS Certificate (Non-Salary), Form 131 |
Q2 (Jul-Sep 2026) |
Applicable TDS deductors |
|
15/11/2026 |
TCS Certificate, Form 133 |
Q2 (Jul-Sep 2026) |
TCS collectors |
|
07/12/2026 |
TDS/TCS Deposit |
November 2026 |
All deductors/collectors |
|
15/12/2026 |
Advance Tax, 3rd Instalment |
FY 2026-27 |
Taxpayers |
|
07/01/2027 |
TDS/TCS Deposit |
December 2026 |
All deductors/collectors |
|
15/01/2027 |
Form 141 (TDS Deduction) |
December transactions |
Buyer/Tenant |
|
31/01/2027 |
TDS Return, Form 138 / 140 / 144 |
Q3 (Oct-Dec 2026) |
All deductors |
|
31/01/2027 |
TCS Return, Form 143 |
Q3 (Oct-Dec 2026) |
TCS collectors |
|
07/02/2027 |
TDS/TCS Deposit |
January 2027 |
All deductors/collectors |
|
15/02/2027 |
Form 143 Correction, if any |
Q3 |
Collectors |
|
15/02/2027 |
TDS Certificate (Non-Salary), Form 131 |
Q3 (Oct-Dec 2026) |
Applicable TDS deductors |
|
15/02/2027 |
TCS Certificate, Form 133 |
Q3 (Oct-Dec 2026) |
TCS collectors |
|
07/03/2027 |
TDS/TCS Deposit |
February 2027 |
All deductors/collectors |
|
15/03/2027 |
Advance Tax, Final Instalment |
FY 2026-27 |
Taxpayers |
|
30/04/2027 |
TDS Deposit |
March 2027 |
All deductors/collectors |
|
30/04/2027 |
TCS Deposit |
March 2027 |
All deductors/collectors |
|
31/05/2027 |
TDS Return, Form 138 / 140 / 144 |
Q4 (Jan-Mar 2027) |
All deductors |
|
31/05/2027 |
TCS Return, Form 143 |
Q4 (Jan-Mar 2027) |
TCS collectors |
|
15/06/2027 |
Salary TDS Certificate, Form 130 |
Tax Year 2026-27 |
Applicable TDS deductors |
|
15/06/2027 |
TDS Certificate (Non-Salary), Form 131 |
Q4 (Jan-Mar 2027) |
Applicable TDS deductors |
|
15/06/2027 |
TCS Certificate, Form 133 |
Q4 (Jan-Mar 2027) |
TCS collectors |
Note on Form 141: the due date is not fixed for every month. It is generally required to be filed within 30 days from the end of the month in which the deduction is made, so businesses should check the applicable due date for their specific transaction.
Note on the FY 2025-26 Q4 certificates: the governing rule is the date of the underlying payment or credit, not the date of issuance. Since Q4 FY 2025-26 (January-March 2026) transactions predate the Income-tax Act, 2025, those TDS certificates must be issued as the old Form 16 (salary) or Form 16A (non-salary), even though the issuance and correction dates above fall after 1 April 2026. Form 130 and Form 131 apply only to income and deductions relating to Tax Year 2026-27 onward.
What Each Form Covers
• Form 138 is used for the quarterly salary TDS statement.
• Form 140 is used for the quarterly TDS statement covering payments to residents other than salary.
• Form 144 is used for the quarterly TDS statement relating to payments made to non-residents.
• Form 143 is used for the quarterly TCS statement.
• Form 131 is the non-salary TDS certificate, issued quarterly, generally within 15 days from the due date of the corresponding quarterly TDS statement.
• Form 133 is the TCS certificate, issued quarterly.
• Form 130 is the annual salary TDS certificate for the relevant tax year.
• All TDS/TCS statements, certificates and tax deposits should be reconciled with the books of account and the underlying payment or collection records.
Late Fee, Interest and Penalty Reference
|
Compliance / Default |
Late Fee / Interest / Penalty |
Provision |
|
Failure to deduct TDS or collect TCS on time |
Interest at 1% per month or part of a month, from the date tax was deductible/collectible until the date it is actually deducted/collected. |
Sec. 398(3)(a)(i), IT Act, 2025 |
|
Delay in depositing TDS/TCS after deduction/collection |
Interest at 1.5% per month or part of a month, from the date of deduction/collection until the date of actual payment. |
Sec. 398(3)(a)(ii), IT Act, 2025 |
|
Late filing of quarterly TDS statements (Forms 138, 140, 144) |
Late fee of Rs. 200 per day until the default continues, subject to a maximum of the tax deductible. |
Sec. 427, IT Act, 2025 |
|
Late filing of quarterly TCS statement (Form 143) |
Late fee of Rs. 200 per day until the default continues, subject to a maximum of the tax collectible. |
Sec. 427, IT Act, 2025 |
|
Delay or failure to file TDS/TCS statement |
AO may impose a penalty of Rs. 10,000 to Rs. 1,00,000, in addition to applicable fee and interest. |
Sec. 461(1), IT Act, 2025 |
|
Incorrect TDS/TCS statement |
AO may impose a penalty of Rs. 10,000 to Rs. 1,00,000. |
Sec. 461(1)(b), IT Act, 2025 |
|
Delay in statement filing, but specified conditions are satisfied |
No penalty under Section 461(1)(a) if tax, fee and interest are paid and the statement is filed within one month of its prescribed due date. |
Sec. 461(2), IT Act, 2025 |
|
Failure to deduct or deposit TDS |
Deductor may be treated as an assessee in default; recovery, interest and other consequences may follow. |
Sec. 398, IT Act, 2025 |
|
Business expenditure where TDS is not deducted/deposited within the prescribed return-filing timeline |
30% of the applicable sum payable to a resident may be disallowed while computing business income, subject to conditions. |
Sec. 35(b), IT Act, 2025 |
Points to Remember
• Interest and the late-filing fee are different: interest relates to delay in deduction, collection or payment of tax, while the Rs. 200-per-day fee applies to delay in filing the prescribed TDS/TCS statement.
• A part of a month counts as a full month when calculating interest at 1% or 1.5%.
• The Rs. 200-per-day late fee cannot exceed the amount of TDS/TCS deductible or collectible for the relevant statement.
• The Rs. 10,000 to Rs. 1,00,000 penalty is not automatic in every delayed filing case; Section 461(2) protects qualifying delayed statements where tax, fee and interest are paid and the statement is filed within one month of the prescribed deadline.
• For FY 2026-27, provisions are cited under the Income-tax Act, 2025, since the new Act governs TDS obligations triggered on or after 1 April 2026.
• TDS and TCS for April 2026 to February 2027 are generally deposited by the 7th of the following month, while TDS and TCS for March 2027 has a separate, later deposit due date of 30 April 2027.
Author Bio
Mehak Chanotiya
CS Trainee dedicated to mastering the nuances of Indian corporate law and secretarial practice. View Full Profile
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