Indian Financial Calendar 2026-27

Q: What are the Advance Tax due dates in India?

Advance tax is due quarterly: June 15 (15%), September 15 (45%), December 15 (75%), and March 15 (100%). It applies if your total tax liability exceeds ₹10,000 in a financial year.

Q: When is the ITR filing deadline for salaried individuals?

The Income Tax Return (ITR) filing deadline for salaried individuals and non-audit cases is July 31 of the assessment year. For example, for FY 2026-27, the ITR is due by July 31, 2027.

Q: When is the last date for 80C tax-saving investments?

March 31 is the last date to make investments under Section 80C (ELSS, PPF, life insurance, etc.), Section 80D (health insurance), and NPS for the current financial year.

Q: What is the Indian financial year period?

The Indian financial year runs from April 1 to March 31. For example, FY 2026-27 runs from April 1, 2026 to March 31, 2027.

Every important tax, investment, and compliance deadline in one place. Never miss an advance tax payment, ITR filing date, or tax-saving investment window. Each deadline links directly to the relevant calculator so you can take action immediately.

Current Financial Year: FY 2026-27· Indian FY runs April 1 to March 31

Jun15

Advance Tax — 1st Instalment (15%)

Income Tax12d left

Pay at least 15% of your estimated annual tax liability. Applicable if total tax exceeds ₹10,000.

2 weeksEstimate Tax

Next Up

Jul31

ITR Filing Deadline (Non-Audit)

Income Tax

Last date to file Income Tax Return for salaried individuals and non-audit cases. Avoid ₹5,000 late fee.

2 monthsFile with Confidence

Sep15

Advance Tax — 2nd Instalment (45%)

Income Tax

Cumulative 45% of estimated tax due. Pay the shortfall from Q1.

4 monthsRecalculate

Oct31

ITR Deadline (Audit Cases)

Compliance

Last date to file ITR for businesses and professionals requiring tax audit under Section 44AB.

5 monthsAnalyze Cash Flow

Nov1

Diwali Financial Review

Investment

Good time to review portfolio allocation, rebalance investments, and assess gold holdings.

6 monthsRebalance Portfolio

Dec15

Advance Tax — 3rd Instalment (75%)

Income Tax

Cumulative 75% of estimated tax. Reassess income, capital gains, and bonus received this quarter.

7 monthsUpdate Estimate

Dec31

Revised / Belated ITR Last Date

Income Tax

Final chance to file a belated or revised return for the previous assessment year.

8 monthsCalculate Tax

Jan1

Tax Saving — 3 Months Left

Income Tax

Q4 begins. Last 3 months to make 80C, 80D, NPS, and other tax-saving investments before March 31.

8 monthsOptimize Tax

Jan15

NPS Contribution Reminder

Retirement

Ensure Tier 1 NPS contributions are on track. Extra ₹50,000 deduction under 80CCD(1B) in old regime.

8 monthsPlan NPS

Feb1

Union Budget Day

Income Tax

Annual budget announcement. Watch for tax slab changes, new deductions, and updated surcharge rules.

9 monthsCompare Regimes

Feb15

Submit Tax Declaration to Employer

Income Tax

Most employers require proof of 80C, 80D, HRA, and home loan interest by mid-February.

9 monthsCalculate HRA

Mar15

Advance Tax — Final Instalment (100%)

Income Tax

Pay remaining tax liability. Interest under 234B/234C applies on shortfall.

10 monthsFinal Calculation

Mar25

Review Life & Health Insurance

Insurance

Renew policies before FY end to claim 80C (life) and 80D (health) deductions.

10 monthsMaximize Deductions

Mar31

80C / Tax Saving Investment Deadline

Income Tax

Last date to invest in ELSS, PPF, NPS, life insurance, etc. for the current financial year.

11 monthsLast-Minute Plan

Mar31

PPF Annual Contribution Deadline

Retirement

Last date to make PPF deposit for the current FY. Minimum ₹500, maximum ₹1.5 lakh.

11 monthsCheck PPF Maturity

Mar31

Tax-Loss Harvesting Deadline

Investment

Last day to book capital losses to offset gains. ₹1.25 lakh LTCG exemption resets on April 1.

11 monthsCheck Gains

Mar31

Gratuity Eligibility Review

Retirement

Check if you've completed 5 years of continuous service. Gratuity becomes payable on separation.

11 monthsEstimate Gratuity

Apr1

New Financial Year Starts

Income Tax

FY begins. Review salary structure, update HRA, and set tax-saving targets for the new year.

11 monthsReview Salary

Key Indian Tax Deadlines at a Glance

The table below summarizes the most critical financial deadlines every Indian taxpayer and investor should track throughout the financial year.

Deadline	Date	Category	Action
Advance Tax — Q1	June 15	Income Tax	Calculate →
ITR Filing (Non-Audit)	July 31	Income Tax	Verify Tax →
Advance Tax — Q2	September 15	Income Tax	Recalculate →
ITR Deadline (Audit)	October 31	Compliance	Analyze →
Advance Tax — Q3	December 15	Income Tax	Update →
Revised / Belated ITR	December 31	Income Tax	Calculate →
Advance Tax — Q4	March 15	Income Tax	Final Check →
80C / Tax Saving Deadline	March 31	Income Tax	Optimize →
PPF Contribution	March 31	Retirement	Check PPF →
Tax-Loss Harvesting	March 31	Investment	Check Gains →

Understanding Advance Tax in India

Advance tax is the income tax you pay in instalments during the financial year, instead of a lump sum at the end. If your total tax liability (after TDS deductions) exceeds ₹10,000 in a financial year, you are required to pay advance tax. Senior citizens aged 60 years or above who do not have income from business or profession are exempt from paying advance tax.

The four quarterly instalments are: 15% by June 15, 45% by September 15, 75% by December 15, and 100% by March 15. Missing these deadlines results in interest under Section 234B (for shortfall of advance tax) and Section 234C (for deferment of advance tax). Use our Income Tax Calculator to estimate your liability each quarter.

March 31 — The Most Important Date for Tax Saving

March 31 is the last day to make tax-saving investments for the current financial year. This includes investments under Section 80C (PPF, ELSS, life insurance, 5-year FD — up to ₹1.5 lakh), Section 80D (health insurance premiums), and Section 80CCD(1B) (additional NPS contribution — up to ₹50,000). These deductions are available only under the old tax regime.

Use our Tax Optimizer to compare old vs new regime and see exactly how much you can save. The PPF Calculator and NPS Calculator can help you project long-term returns on your tax-saving investments.

Frequently Asked Questions

What are the Advance Tax due dates in India?

Advance tax is due in four instalments: June 15 (15%), September 15 (45%), December 15 (75%), and March 15 (100%). It applies if your total tax liability exceeds ₹10,000 in a financial year. Salaried individuals whose employer deducts TDS on full income typically don't need to pay advance tax unless they have significant other income.

When is the ITR filing deadline for salaried individuals?

The ITR filing deadline for salaried individuals and non-audit cases is July 31 of the assessment year. For FY 2026-27, the ITR would be due by July 31, 2027. Filing after the deadline attracts a late fee of ₹5,000 (or ₹1,000 if total income is below ₹5 lakh).

When is the last date for 80C tax-saving investments?

March 31 is the absolute last date to make investments under Section 80C, 80D, 80CCD, and other deduction sections for the current financial year. However, it's wise to plan these early — ideally by January — to avoid rushed decisions. Some investments like ELSS (Equity Linked Savings Scheme) need time to grow, so starting a monthly SIP in ELSS at the beginning of the FY is often better than a lump sum in March.

What is the Indian financial year period?

The Indian financial year (FY) runs from April 1 to March 31. FY 2026-27 spans from April 1, 2026 to March 31, 2027. The corresponding assessment year (AY) is 2027-28, which is the year when you file the ITR and assess the income earned during the FY.

What happens if I miss an advance tax deadline?

Missing advance tax deadlines triggers interest under two sections: Section 234B (1% per month on tax shortfall if advance tax paid is less than 90% of assessed tax) and Section 234C (1% per month for each quarter of deferment). The interest is calculated on a simple interest basis. Use our Income Tax Calculator to avoid surprises.

Related Calculators

Income Tax Calculator

Compare regimes and calculate exact tax liability

Tax Optimizer

Find the best tax regime with your deductions

HRA Calculator

Calculate HRA exemption under Section 10(13A)

PPF Calculator

Project PPF maturity at current 7.1% rate

NPS Calculator

Plan retirement with NPS Tier 1 contributions

Capital Gains Calculator

Calculate LTCG and STCG on stock market investments

Disclaimer

This financial calendar is for informational and educational purposes only. Dates are based on standard Indian financial year deadlines and may vary due to government extensions or policy changes. Always verify critical deadlines on incometax.gov.in or gst.gov.in. Consult a SEBI-registered financial advisor or CA before making financial decisions.