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).

Staying updated with compliance deadlines, court developments, and tax slabs is essential to avoid penalties and notices. Timely filing and accurate reporting remain the key to smooth tax compliance.