May 2025 Income Tax Compliance Calendar: Key Dates and Deadlines
A detailed checklist of all key income tax compliance deadlines and filings due in May 2025 for businesses, government offices, and financial institutions
May 2025 is an important month for businesses, government offices, financial institutions, and charitable organizations when it comes to fulfilling their income tax compliance obligations. The month includes a wide range of due dates for deposits, statements, certificates, PAN applications, and statutory filings under the Income Tax Act, 1961. Timely compliance helps avoid penalties,...
May 2025 is an important month for businesses, government offices, financial institutions, and charitable organizations when it comes to fulfilling their income tax compliance obligations. The month includes a wide range of due dates for deposits, statements, certificates, PAN applications, and statutory filings under the Income Tax Act, 1961. Timely compliance helps avoid penalties, interest, or disallowance of deductions.
This article outlines the key deadlines to track for the month of May 2025.
Key Income Tax Due Dates – May 2025
| Date | Compliance | Description |
| 7 May 2025 | Deposit of TDS/TCS for April 2025 | Due date for depositing tax deducted or collected during April. Government offices must deposit the same day if paid without challan. |
| 7 May 2025 | Uploading Form 27C | Upload declarations received from buyers for non-deduction of TCS under Section 206C(1A) for April 2025. |
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15 May 2025 – Multiple Mid-Month Filings
| Compliance | Description |
| Issue of TDS Certificates (194-IA, 194M, 194S) | For tax deducted in March 2025—real estate transactions, contractual/professional payments, and virtual digital asset transactions (by specified persons). |
| Form 24G | For government offices paying TDS/TCS for April without challan. |
| Quarterly TCS Statement (Q4 FY 2024–25) | Statement of TCS collected during Jan–Mar 2025. |
| Form 3BB | Statement by stock exchanges for client code modifications in April. |
| Statement by Recognised Association | For client code modifications in registered transactions for April 2025. |
30 May 2025 – Challan-cum-Statement and Certificate Issuance
| Compliance | Description |
| Challan-cum-statement (194-IA, 194-IB, 194M, 194S) | For tax deducted in April 2025 under sections applicable to real estate, rent, contract, and crypto/digital asset payments. |
| TCS Certificates (Q4) | Issue of TCS certificates for the January–March 2025 quarter. |
| Statement under Section 285B | Applicable to producers for details of payments related to shows, events, etc. in FY 2024–25. |
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31 May 2025 – Major Annual Filings and Disclosures
| Compliance | Description |
| Quarterly TDS Statement (Q4 FY 2024–25) | Filing of TDS returns for Jan–Mar 2025. |
| Superannuation Fund Return | Return of tax deduction from contributions by trustees. |
| Form 61A (SFT) | Statement of financial transactions for FY 2024–25. Mandatory for banks, mutual funds, registrars, etc. |
| Form 61B (FATCA/CRS) | Annual report by financial institutions on reportable accounts for calendar year 2024. |
| PAN Application (Entities) | For entities with financial transactions ≥ ₹2.5 lakh in FY 2024–25 who haven't yet obtained PAN. |
| PAN Application (Key Persons) | For individuals in managerial roles (e.g., MD, partner, trustee) under Rule 114(3)(v). |
| Form 9A | Option to apply income of a previous year in the next or future year under Section 11(1). |
| Form 10 | For accumulation of income for future application under Sections 10(21)/11(1). |
| Form 10BD | Statement of donations received under Section 80G or 35(1A) for FY 2024–25. |
| Form 10BE | Certificate of donation issued to donors for FY 2024–25. |
| CA Certificate (Zero-Coupon Bonds) | Chartered Accountant’s certificate for investment reporting under Section 2(48). |
Conclusion
May 2025 is packed with income tax compliance deadlines across various categories—from tax deduction and certificate issuance to annual reports and financial disclosures. Each due date serves a specific regulatory purpose and requires careful attention, especially for accountants, CFOs, and compliance officers.
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