Income Tax due dates for Payment and filing in FY 2017-18 (AY 2018-19) for income tax, advance tax, self assessment tax

In this post, we will be talking about Income Tax due dates. We will be see both payment due dates and filing due dates. The various taxes we will be discussing are income tax, advance tax and self assessment tax.

Payment due dates:

Due date for Payment of Income Tax for FY 2017-18 (AY 2018-19)

The due date for Payment of Income Tax is 31st March of the Financial Year. I.e., for the financial year 2017-18, payment due date is 31st March 2018.

Due Dates for Payment of Advance Taxes for FY 2017-18 (AY 2018-19)

The below due date for payment of advance tax is applicable for both individual and corporate taxpayers.

Due date Advance Tax payable
On or Before 15th June 15% of Advance Tax
On or before 15th September 45% of Advance Tax
On or Before 15th December 75% of Advance Tax
On or Before 15th March 100% of Advance Tax

Due Dates for Self Assessment Tax for FY 2017-18 (AY 2018-19)

Self Assessment Tax payment should be on or before the date of filing the return.

 

Income Tax filing due dates

Please note that the below due dates are applicable for AY 2018-19 or FY 2017-18.

All corporate Assessees whose accounts need to be audited u/s 44AB30 September 2018Working partners of partnership firms whose books of accounts are audited30 September 2018All Assessees who are required to furnish a report u/s 92E (transfer pricing)

 

Sl no Category Due dates
1. All Assessees whose accounts need not be audited u/s 44AB

Note: Any non-corporate (Individual/HUFs/Firms etc) assessees having total income below the following limit does not come under audit:

  • Only salary income – No limit
  • Professional income – 50 Lakhs
  • Income from business – 1 Crore
  • Income under presumptive business – 2 Crores
31 July 2018
2. All non corporate Assessees whose accounts need to be audited u/s 44AB

Individual, Hindu undivided family (HUFs), Body of Individuals (BOI), Associate of persons (AOP) etc

30 September 2018
3. All corporate Assessees whose accounts need to be audited u/s 44AB 30 September 2018
4. Working partners of partnership firms whose books of accounts are audited 30 September 2018
5. All Assessees who are required to furnish a report u/s 92E (transfer pricing) 30 November 2018
Share On:

Leave a Reply

Your email address will not be published. Required fields are marked *