Major Tax Compliance Deadlines – May 2026 (India)
Major Tax Compliance Deadlines – May 2026 (India)
May 2026 is an important compliance month as it marks the transition phase to the Income Tax Act, 2025, applicable to transactions from 1 April 2026. Businesses, professionals, and taxpayers must stay aligned with these deadlines to avoid penalties and ensure smooth compliance.

Income Tax Deadlines

7 May 2026
  • Deposit of TDS/TCS deducted or collected during April 2026
15 May 2026
  • Filing of Form 24G by government offices
  • Issuance of TDS Certificates for March 2026:
    • Section 194-IA (Property)
    • Section 194-IB (Rent)
    • Section 194M (Contracts)
  • Submission of Quarterly TCS Return (Form 27EQ)
30 May 2026
  • Issuance of Quarterly TCS Certificates
  • Filing of annual statement under Section 285B (Film Production)
31 May 2026
  • Filing of Quarterly TDS Returns:
    • Form 24Q
    • Form 26Q
    • Form 27Q
  • Submission of SFT (Form 61A) for FY 2025–26
  • Submission of Form 61B (Reportable Accounts)

GST Deadlines

10 May 2026
  • GSTR-7 (TDS under GST)
  • GSTR-8 (TCS for e-commerce)
11 May 2026
  • GSTR-1 (Monthly Return)
13 May 2026
  • GSTR-5 (Non-Resident Taxable Persons)
  • GSTR-6 (Input Service Distributors)
20 May 2026
  • GSTR-3B (Monthly Summary Return for turnover above ₹5 crore)
25 May 2026
  • GST Payment via PMT-06 (QRMP Scheme)

Other Key Statutory Deadlines

15 May 2026
  • Deposit of PF and ESI contributions for April 2026
30 May 2026
  • Filing of LLP Form 11 (Annual Return)
Pro Tip: Always use the correct Assessment Year (AY 2026–27) for FY 2025–26 transactions, and ensure correct tax year selection for April 2026 onwards under the new tax regime to avoid mismatches and ensure proper credit.