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May 2025 tax filing & compliance deadlines: What's due, when, and by whom

May is a month of tax deadlines for individuals, employers, financial institutions and other organisations. Here's a role-wise breakdown of each deadline set by the Income-Tax Department. May 7, 2025 What's due Deposit of TDS/TCS for April 2025 Uploading Form 27C declarations for April Who must act Employers and other deductors: Ensure all tax deducted or collected in April is deposited to the government account by May 7. Late payment attracts interest at 1.5 per cent per month. Buyers (Form 27C declarants): Submit any lower-withholding declarations (Form 27C) to your seller or collector; sellers/collectors must upload these declarations to the department's portal by this date. May 15, 2025 What's due Issue TDS certificates for March deductions under Sections 194-IA (property), 194M (contractors), and 194S (specified persons) Furnish Form 24G for government offices (April's TDS/TCS paid without challan) Quarterly TCS statement for January–March quarter Form 3BB by stock exchanges/recognised associations (April trades with modified client codes) Who must act Specified deductors (property buyers, contractors, designated persons): Issue March TDS certificates to payees. Government offices: File Form 24G if April's TDS/TCS was deposited without production of a challan. Collectors of TCS: Submit Q4 (January-March) TCS statement. Stock exchanges and recognized associations: Report April transactions with altered client codes via Form 3BB. May 30, 2025 What's due Challan-cum-statement for April TDS under Sections 194-IA, 194-IB, 194M, 194S Issue TCS certificates for Q4 FY25 Section 285B statement for FY25 Who must act All deductors under the above sections: File your challan-cum-statement for April deductions. TCS collectors: Provide Q4 certificates to buyers to help them claim credits. Applicable deductors (e.g., NRE bank branches): Furnish the annual statement under Section 285B. May 31, 2025 What's due Quarterly TDS statement for January-March quarter Trustee return for approved superannuation fund contributions Form 61A (SFTR) and Form 61B (CRS) Who must act