Tax Calendar July 2026: Key ITR, TDS, and Compliance Dates to Remember

Several tax compliance deadlines are scheduled in July for individuals, employers, and businesses, as per news reports. These include income tax return (ITR) filing, tax deducted at source (TDS) deposits, quarterly returns, and submission of prescribed forms. 

Missing the due dates may result in interest on unpaid tax, late filing fees, and other charges under the Income Tax Act. 

Deadlines Before the End of the Month 

The first deadline falls on July 7, 2026, when deductors covered under the quarterly payment approval scheme must deposit TDS for the April-June quarter. 

This is followed by July 15, 2026, when reporting obligations are due for government offices, authorised dealers, recognised stock exchanges, International Financial Services Centre (IFSC) units and intermediaries dealing with overseas investors.  

These filings form part of the prescribed reporting requirements under the tax framework. Tax deductors must also submit the challan-cum-statement for specified taxes deducted during June by July 30, 2026. 

July 31, 2026, Has Multiple Compliance Requirements 

The final day of the month is the due date for filing ITR-1 and ITR-2 for the financial year 2025-26. Taxpayers covered under these return forms are required to complete the filing process by July 31, 2026. 

The same date also applies to quarterly TDS and TCS statements for the April-June quarter. These include statements relating to salary payments and specified payments made to non-resident taxpayers. 

Several prescribed forms are also due on July 31, 2026. These include Form 10BA for deductions under Section 80GG, Form 10E for salary received in arrears or advance, and Forms 10H, 10CCE and 10CCD relating to specified foreign income and royalty-related tax benefits. 

What if the Due Date is Missed? 

Taxpayers who do not file their returns within the prescribed timeline may be liable to pay late filing fees and interest, where applicable. In addition, certain business and capital losses may not be available for carry forward. 

A belated return can still be filed up to December 31 of the relevant assessment year. An updated return (ITR-U) may also be submitted within 24 months, subject to the payment of the applicable additional tax and fulfilment of the prescribed conditions. 

Read More: EPFO Portal Is Back Online: Will UPI Withdrawals Begin from June 30, 2026? 

Conclusion  

From TDS deposits to income tax returns and prescribed forms, July has several scheduled compliance dates. Taxpayers and deductors are required to complete the applicable filings within the prescribed timelines. 

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