Indian Tax Calendar July 2016

Below is the Indian Tax Calendar which you should check before you start the month of July.

06^th July 2016:

Due date to deposit service tax collected in the month of June 2016 and excise duty for the previous month. Delay in remittance may result in interest liability.

07^th July 2016:

Due date to deposit the income tax deducted/collected while making payments in the month of June 2016. Default or non compliance will result in liability of simple interest of one and one-half percent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid.

10^th July 2016:

Due date to file Monthly Central Excise returns.

15^th July 2016:

Last date for remittance of Provident fund contribution deducted from employees salary as well as employer contribution. Delay in remittance results in interest liability as well as penalty.

21^st July 2016:

Last date for remittance of Employees state insurance contribution deducted from employees salary as well as employer contribution. Delay in remittance results in Interest liability as well as penalty.

30^th July 2016:

Quarterly TDS Certificate to be issued for payments made other than salary in the previous quarter for which return has been filed on 15^th July 2016.

31^st July 2016:

File income tax return for the financial year 2015-16 for individuals. Non filling of return might result in interest penalty.

Quarterly TDS return (in respect of income tax deducted in previous quarter) by a any person for the quarter ending June 30, 2016

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