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Tax compliance is crucial for individuals and businesses alike, ensuring adherence to legal obligations and avoiding penalties. The month of June 2024 brings forth a myriad of tax compliance requirements, spanning income tax, GST, professional tax, and more. Understanding these obligations and meeting deadlines is essential to maintain financial health and legal standing.
Taxation Compliance Calendar for the Month of June, 2024 (As updated on 02nd June 2024)
| S. No | Due Date | Compliance | Detail |
| 1. | 07-Jun-24 | Income Tax TDS/TCS Liability Deposit | Due date for deposit of Tax deducted/collected for the month of May, 2024. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan |
| 10-Jun-24 | Professional Tax | Professional Tax (PT) on Salaries for May 2024 | |
| 3. | 10-Jun-24 | GSTR – 7 | GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST.
(Return to be filed by registered persons deducting tax at source (TDS).) |
| 4. | 10-Jun-24 | GSTR-8 | GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST |
| 5. | 11-Jun-24 | GSTR – 1 | GST Filing of returns by a registered person with aggregate turnover exceeding INR 5 Crores during the preceding financial year or any registered person who has opted to file monthly return |
| 6. | 13-Jun-24 | GSTR 1FF | Details of B2B Supply of a registered person with turnover less than INR 5 Crores during the preceding year and who has opted for quarterly filing of return under QRMP. |
| 7. | 13-Jun-24 | GSTR 5 | All the non-resident persons must file the GSTR-5 alongside the payment of GST on or before the given due date of 13th June 2024 for May 2024 |
| 8. | 15-Jun-24 | Income Tax TDS Certificate & Advance Tax | The due date for issuing of TDS Certificate for tax deducted under sections 194-IA,194-IB,194M, and 194S in the month of May 2024
First Advance Tax Installment Payment due date |
| 9. | 15-Jun-24 | Income Tax Form No. 3BB | The due date for the furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the month of May 2024. |
| 10. | 15-Jun-24 | Labour Law Provident Fund / ESI | Due Date for payment of Provident fund and ESI contribution for the previous month. |
| 11. | 20-Jun-24 | GST GSTR 5A | Summary of monthly outward taxable supplies and tax payable by a person supplying OIDAR services. |
| 12. | 20-Jun-24 | GSTR-3B | Summary return of outward supplies and input tax credit claimed, along with payment of tax by a registered person with aggregate turnover exceeding INR 5 Crores during the preceding financial year or any registered person who has opted to file monthly return. |
| 13. | 25-Jun-24 | GST-PMT 06 | Due Date of payment of GST for a taxpayer with Aggregate turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP. |
| 14. | 30-Jun-24 | TDS Challan-cum-statement | The statutory due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M. |
| 15. | 30-Jun-24 | Deposit of Tax | Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of May, 2024 |
| 16. | 30-Jun-24 | MCA | DPT-3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. |
Taxation Compliance Calendar for the Month of May, 2024 (As updated on 03rd May 2024)
| S.no | Due Date | Compliance | Detail |
| 1. | 07-May-24 | Income Tax TDS/TCS Liability Deposit | Due date for deposit of Tax deducted/collected for the month of Apr, 2024. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan |
| 10-May-24 | Professional Tax | Professional Tax (PT) on Salaries for Apr 2024 | |
| 3. | 10-May-24 | GSTR – 7 | GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST.
(Return to be filed by registered persons deducting tax at source (TDS).) |
| 4. | 10-May-24 | GSTR-8 | GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST |
| 5. | 11-May-24 | GSTR – 1 | GST Filing of returns by a registered person with aggregate turnover exceeding INR 5 Crores during the preceding financial year or any registered person who has opted to file monthly return |
| 6. | 13-May-24 | GSTR 1FF | Details of B2B Supply of a registered person with turnover less than INR 5 Crores during the preceding year and who has opted for quarterly filing of return under QRMP. |
| 7. | 13-May-24 | GSTR 5 | All the non-resident persons must file the GSTR-5 alongside the payment of GST on or before the given due date of 13th May 2024 for April 2024 |
| 8. | 15-May-24 | Income Tax TDS Certificate | The due date for issuing of TDS Certificate for tax deducted under sections 194-IA,194-IB,194M, and 194S in the month of Apr 2024 |
| 9. | 15-May-24 | Income Tax Form No. 3BB | The due date for the furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the month of Apr 2024. |
| 10. | 15-May-24 | Labour Law Provident Fund / ESI | Due Date for payment of Provident fund and ESI contribution for the previous month. |
| 20-May-24 | GST GSTR 5A | Summary of monthly outward taxable supplies and tax payable by a person supplying OIDAR services. | |
| 12. | 20-May-24 | GSTR-3B | Summary return of outward supplies and input tax credit claimed, along with payment of tax by a registered person with aggregate turnover exceeding INR 5 Crores during the preceding financial year or any registered person who has opted to file monthly return. |
| 13. | 25-May-24 | GST-PMT 06 | Due Date of payment of GST for a taxpayer with Aggregate turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP. |
| 14. | 30-May-24 | TDS Challan-cum-statement | The statutory due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M. |
| 15. | 30-May-24 | Deposit of Tax | Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of Apr, 2024 |
| 16. | 30-May-24 | Income Tax | Issue of TCS certificates for the 4th Quarter of the Financial Year 2023-24 |
| 17. | 31-May-24 | Income Tax | Quarterly statement of TDS deposited for the quarter ending March 31, 2024 |
Navigating the intricate landscape of tax compliance requires diligence and expertise. With deadlines spread throughout May 2024, it’s essential to stay informed and act promptly to fulfill obligations.
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At myCACFO, we offer a comprehensive range of solutions to both individuals and corporate clients, with a particular emphasis on assisting start-ups. Our tax compliance advisory service is just one example of the services we provide, helping start-ups, companies, and individuals navigate tax regulations. If you have any questions about tax compliance, please don’t hesitate to contact us at +91-8788550677, or connect with us on LinkedIn.
Notes: The dates listed on the calendar may be modified by the government, and such changes will be communicated through notification.
(Republished with Amendments)
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you missed 15 june advance tax date