Compliance Calendar, Court Update, and Income Tax Slabs

Key Compliance Due Dates, and Latest Tax Slabs

Compliance Due Dates – January

• 25 January – PMT-06 (QRMP) for December
• 30 January – TDS Returns (24Q, 26Q, 27Q) and TCS Return (27EQ) for October–December

Upcoming Compliance Due Dates – February

• 7 February – TDS/TCS payment for January
• 10 February – GSTR-7 and GSTR-8 for January
• 11 February – GSTR-1 (Monthly) / IFF (QRMP)
• 13 February – GSTR-6 (ISD)
• 15 February – PF and ESI payment for January
• 20 February – GSTR-3B for January
• 25 February – PMT-06 (QRMP) for January

Latest Income Tax Slabs & Deductions (FY 2025–26)

New Tax Regime (Default)

• ₹0 – ₹3,00,000: Nil
• ₹3,00,001 – ₹7,00,000: 5%
• ₹7,00,001 – ₹10,00,000: 10%
• ₹10,00,001 – ₹12,00,000: 15%
• ₹12,00,001 – ₹15,00,000: 20%
• Above ₹15,00,000: 30%

Standard Deduction: ₹75,000

Rebate under Section 87A: Tax NIL up to ₹12 lakh

Old Tax Regime

• ₹0 – ₹2,50,000: Nil
• ₹2,50,001 – ₹5,00,000: 5%
• ₹5,00,001 – ₹10,00,000: 20%
• Above ₹10,00,000: 30%

Standard Deduction: ₹50,000

Major deductions under the old regime include Section 80C (₹1.5 lakh), Section 80D (medical insurance), Section 80E (education loan), Section 80CCD(1B) NPS (₹50,000), and Section 24(b) home loan interest (₹2 lakh).