7 Tax Deadlines

Explanation: A SET (Statement of Estimated Tax) filing records your estimated tax payable for a particular financial year. 

Deadline: 15th August 

Penalty for non-compliance: Rs. 50,000. 

Pay any extra tax due each quarter, based on your Future Tax Estimation. Extra taxes are due if you have interest income, rental income, or any income other than employment income. 

Deadline: 15th August 

Penalty: 20% after 14 days, with 1.5% interest each month on overdue taxes

Pay any extra tax due each quarter, based on your Future Tax Estimation. Extra taxes are due if you have interest income, rental income, or any income other than employment income. 

Deadline: 15th November

Penalty: 20% after 14 days, with 1.5% interest each month on overdue taxes

Pay any extra tax due each quarter, based on your Future Tax Estimation. Extra taxes are due if you have interest income, rental income, or any income other than employment income. 

Deadline: 15th February 

Penalty: 20% after 14 days, with 1.5% interest each month on overdue taxes

Pay any extra tax due each quarter, based on your Future Tax Estimation. Extra taxes are due if you have interest income, rental income, or any income other than employment income. 

Deadline: 15th May 

Penalty: 20% after 14 days, with 1.5% interest each month on overdue taxes

Unpaid taxes can be settled on the Final Payment deadline after calculation of taxes payable after the 4 quarterly payments.          

Deadline: 30th September

Penalty: 20% after 14 days, with 1.5% interest each month on overdue taxes

Submit your complete earnings, deductions (to reduce tax) and asset details to the IRD to ensure compliance. 

Deadline: 30th November 

Penalty: Rs. 1,000,000 for non-submission