Assessment Year 2015-16 (Financial Year 2014-15)

 

 

Individual resident aged below 60 years  (i.e. born on or after 1st April 1955)  or any NRI/ HUF/ AOP/ BOI/ AJP*

Income Tax :

Income Slabs

Tax Rates

i.

Where the taxable income does not exceed Rs. 2,50,000/-.

NIL

ii.

Where the taxable income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-.

10% of amount by which the taxable income exceeds Rs. 2,50,000/-.  
Less  ( in case of Resident Individuals only ) :   Tax Credit u/s 87A - 10% of taxable income upto a maximum of Rs. 2000/-.

iii.

Where the taxable income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.

Rs. 25,000/- + 20% of the amount by which the taxable income exceeds Rs. 5,00,000/-.

iv.

Where the taxable income exceeds Rs. 10,00,000/-.

Rs. 125,000/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-.

Surcharge :   10% of the Income Tax, where taxable income is more than Rs. 1 crore. ( Marginal Relief in Surcharge , if applicable )

Education Cess :   3% of the total of Income Tax and Surcharge.

*   Abbreviations used:

  NRI - Non Resident Individual; HUF - Hindu Undivided Family; AOP - Association of Persons; BOI - Body of Individuals; AJP - Artificial Judicial Person

 

•  Individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year  (i.e. born on or after 1st April 1934 but before 1st April 1954)

Income Tax :

Income Slabs

Tax Rates

i.

Where the taxable income does not exceed Rs. 3,00,000/-.

NIL

ii.

Where the taxable income exceeds Rs. 3,00,000/- but does not exceed Rs. 5,00,000/-

10% of the amount by which the taxable income exceeds Rs. 3,00,000/-.
Less :   Tax Credit u/s 87A - 10% of taxable income upto a maximum of Rs. 2000/-.

iii.

Where the taxable income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-

Rs. 20,000/- + 20% of the amount by which the taxable income exceeds Rs. 5,00,000/-.

iv.

Where the taxable income exceeds Rs. 10,00,000/-

Rs. 120,000/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-.

Surcharge :   10% of the Income Tax, where taxable income is more than Rs. 1 crore. ( Marginal Relief in Surcharge , if applicable )

Education Cess :   3% of the total of Income Tax and Surcharge.

 

•  Individual resident who is of the age of 80 years or more at any time during the previous year  (i.e. born before 1st April 1934)

Income Tax :

Income Slabs

Tax Rates

i.

Where the taxable income does not exceed Rs. 5,00,000/-.

NIL

ii.

Where the taxable income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-

20% of the amount by which the taxable income exceeds Rs. 5,00,000/-.

iii.

Where the taxable income exceeds Rs. 10,00,000/-

Rs. 100,000/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-.

Surcharge :   10% of the Income Tax, where taxable income is more than Rs. 1 crore. ( Marginal Relief in Surcharge , if applicable)

Education Cess :   3% of the total of Income Tax and Surcharge.

•  Co-operative Society

Income Tax :

Income Slabs

Tax Rates

i.

Where the taxable income does not exceed Rs. 10,000/-.

10% of the income.

ii.

Where the taxable income exceeds Rs. 10,000/- but does not exceed Rs. 20,000/-.

Rs. 1,000/- + 20% of income in excess of Rs. 10,000/-.

iii.

Where the taxable income exceeds Rs. 20,000/-

Rs. 3.000/- + 30% of the amount by which the taxable income exceeds Rs. 20,000/-.

Surcharge :   10% of the Income Tax, where taxable income is more than Rs. 1 crore. ( Marginal Relief in Surcharge , if applicable)

Education Cess :   3% of the total of Income Tax and Surcharge.

 

•  Firm

Income Tax :   30% of taxable income.

Surcharge :   10% of the Income Tax, where taxable income is more than Rs. 1 crore. ( Marginal Relief in Surcharge , if applicable)

Education Cess :   3% of the total of Income Tax and Surcharge.

•  Local Authority

Income Tax :   30% of taxable income.

Surcharge :   10% of the Income Tax, where taxable income is more than Rs. 1 crore. ( Marginal Relief in Surcharge , if applicable)

Education Cess :   3% of the total of Income Tax and Surcharge.

•  Domestic Company

Income Tax :   30% of taxable income.

Surcharge :   The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a surcharge

•  At the rate of 5% of such income tax, provided that the taxable income exceeds Rs. 1 crore. ( Marginal Relief in Surcharge , if applicable)

•  At the rate of 10% of such income tax, provided that the taxable income exceeds Rs. 10 crores.

Education Cess :   3% of the total of Income Tax and Surcharge.

•  Company other than a Domestic Company

Income Tax :

•  @ 50% of on so much of the taxable income as consist of (a) royalties received from Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 31st day of March, 1961 but before the 1st day of April, 1976; or (b) fees for rendering technical services received from Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 29th day of February, 1964 but before the 1st day of April, 1976, and where such agreement has, in either case, been approved by the Central Government.

•  @ 40% of the balance

Surcharge :

The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a surcharge as under

•  At the rate of 2% of such income tax, provided that the taxable income exceeds Rs. 1 crore. ( Marginal Relief in Surcharge , if applicable)

•  At the rate of 5% of such income tax, provided that the taxable income exceeds Rs. 10 crores.

Education Cess :   3% of the total of Income Tax and Surcharge.

Marginal Relief :

When an assessee's taxable income exceeds Rs. 1 crore, he is liable to pay Surcharge at prescribed rates mentioned above on Income Tax payable by him. However, the amount of Income Tax and Surcharge shall not increase the amount of income tax payable on a taxable income of Rs. 1 crore by more than the amount of increase in taxable income.

 

Exempt Incomes and Allowances

Information of Section 10 of I T Act relating to Individuals and HUFs.
Following incomes shall not be included in computing the total taxable income:

•  Agricultural Income {Section 10(1)]

•  Subject to the provisions of sub-section (2) of section 64, any sum received by an individual as a member of a Hindu undivided family, where such sum has been paid out of the income of the family, or, in the case of any impartible estate, where such sum has been paid out of the income of the estate belonging to the family. {Section 10(2)]

•  In the case of a partner of a firm, who is separately assessed as such, his share in the total income of the firm shall not be included. {Section 10(2A)]

•  Any income by way of interest on moneys in a Non-Resident (External) Account in any bank in India in accordance with the Foreign Exchange Regulation Act, 1973 (46 of 1973), and the rules made thereunder, provided such individual accruing to a person resident outside India as defined in clause (q) of section 282 of the said Act or is a person who has been permitted by the Reserve Bank of India to maintain the aforesaid Account. {Section 10(4)(ii)]

•  The sum received (including the bonus) under a life insurance policy (other than any sum received under sub-section (3) of section 80DDA or under a Keyman insurance policy).{Section (10)(10)(D)]

•  The value of any travel concession or assistance received by, or due to a person, from his employer for himself and his family, in connection with his proceeding on leave to any place in India or from his employer or former employer for himself and his family, in connection with his proceeding to any place in India after retirement from service or after the termination of his service, subject to such conditions as may be prescribed (including conditions as to number of journeys and the amount which shall be exempt per head) having regard to the travel concession or assistance granted to the employees of the Central Government.  
The amount exempt under this clause shall in no case exceed the amount of expenses actually incurred for the purpose of such travel. {Section 10(5)]

•  Any allowances or perquisites paid or allowed as such outside India by the Government to a citizen of India for rendering service outside India. {Section 10(7)]

•  Any special allowance or benefit, not being in the nature of a perquisite within the meaning of clause (2) of section 17, specifically granted to meet expenses wholly, necessarily and exclusively incurred in the performance of the duties of an office or employment , to the extent to which such expenses are actually incurred for that purpose. {Section 10(13A)]

•  Income by way of interest, premium on redemption or other payment on such securities, bonds, annuity certificates, savings certificates, other certificates issued by the Central Government and deposits as the Central Government may, by notification in the Official Gazette, specify in this behalf, subject to such conditions and limits as may be specified in the said notifications.{Section 10(15)]

•  Scholarships granted to meet the cost of education.{Section 10(16)]

•  Any income to the extent such income does not exceed one thousand five hundred rupees in respect of each minor child whose income is so includible. {Section 10(32)]

•  Any income arising from the transfer of a capital asset, being a unit of the Unit Scheme, 1964. {Section 10(33)]

•  Any income by way of dividends referred to in section 115-O. {Section 10(34)]

•  Any income by way of

•  income received in respect of the units of a Mutual Fund specified under clause (23D); or

•  income received in respect of units from the Administrator of the specified undertaking; or

•  income received in respect of units from the specified company

The Exemptions under this section are subjected to the conditions listed under the section. (Section 10(35)]

•  Any income arising from the transfer of a long-term capital asset, being an eligible equity share in a company purchased on or after the 1st day of March, 2003 and before the 1st day of March, 2004 and held for a period of twelve months or more. {Section 10(36)]

•  Any income chargeable under the head Capital gains to an individual or a Hindu undivided family arising from the transfer of agricultural land , where

•  such land is situate in any area referred to in item (a) or item (b) of sub-clause (iii) of clause (14) of section 2;

•  such land, during the period of two years immediately preceding the date of transfer, was being used for agricultural purposes by such Hindu undivided family or individual or a parent of his;

•  such transfer is by way of compulsory acquisition under any law, or a transfer the consideration for which is determined or approved by the Central Government or the Reserve Bank of India;

•  such income has arisen from the compensation or consideration for such transfer received by such assessee on or after the 1st day of April, 2004. {Section 10(37)]

•  Any income arising from the transfer of a long-term capital asset, being an equity share in a company or a unit of an equity oriented fund where such transaction is chargeable to securities transaction tax. {Section 10(38)]

Saving Bank Interest (Section 80 TTA) :

From Assessment year 2013-14, the interest earned on Savings Bank accounts upto a limit of Rs. 10,000/- is exempt from inclusion in Gross Total Income for the purpose of Income Tax.

•  Income-tax:   30% of total income.

Tax deducted at source and Tax collected at source   (TDS)

Tax deducted at source (TDS) and Tax collection at source (TCS) aim at collection of revenue at the very source of income. It is essentially an indirect method of collecting tax which combines the concepts of "pay as you earn" and "collect as it is being earned." Its significance to the government lies in the fact that it prepones the collection of tax, ensures a regular source of revenue, provides for a greater reach and wider base for tax. At the same time, to the tax payer, it distributes the incidence of tax and provides for a simple and convenient mode of payment.  
The concept of TDS requires that the person on whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made to a specified recipient. The deducted sum is required to be deposited to the credit of the Central Government. The recipient, from whom income tax has been deducted at source, gets the credit of the amount deducted

Payments subject to TDS

The statutory provision regarding deduction of tax at source is dealt in Chapter XVII of the Income-tax Act, 1961 which gives the details of the relevant provision of TDS, the rates and also the exemptions where no tax is to be deducted.  
The following items of payment are subject to tax deduction at source:-

•  Salaries (Section 192)

•  Interest on securities (Section 193)

•  Dividends (Section 194)

•  Interest other than interest on securities (Section 194A)

•  Winnings from lottery or crossword puzzles (Section 194B)

•  Winnings from horse race (Section 194BB)

•  Payments to contractors and sub-contractors (Section 194C)

•  Insurance Commission (Section 194D)

•  Payments to non-resident sportsmen or sports associations (Section 194E)

•  Payments in respect of deposits under National Savings Scheme etc. (Section 194EE)

•  Payments on account of repurchase of units by a Mutual Fund or Unit trust of India (Section 194F)

•  Commission etc. On sale of lottery tickets (Section 194G)

•  Commission or brokerage, etc. (Section 194H)

•  Rent (Section 194-I)

•  Fees for professional or technical services (Section 194J)

•  Payment of Compensation on acquisition of certain immovable property (Section 194LA)

•  Other sums, for example, payment to a non-resident (not being a company) or a foreign company, of any interest (not being interest on securities) or any other sum subject to Income tax (non-salary)(Section 195)

•  Income payable "net of tax" i.e. Where, under an agreement or arrangement the income-tax is borne by the person by whom the income is payable to assessee. This amount of income-tax would be added to the income of the assessee and the Income-tax would be deducted on that amount also (Section 195A)

•  Income in respect of units, as referred in Section 115AB, payable to an Offshore Fund (Section 196B)

•  Income from foreign currency bonds or shares of Indian company, referred to in Section 115 AC. (Sec.196C)

•  Income of Foreign Institutional Investors from securities referred to in Section 115AD. However, if capital gain arises from transfer of securities referred to in Section 115AD, no tax is deductible on payment to a Foreign Institutional Investor (Section 196D)

•  Section 206C prescribes collection of tax at source on specified items.

 

 

 

Rates for TDS

TDS Rate on Payment of Salary and Wages


Section 192

Payment of Salary and Wages

Criterion of Deduction

TDS is deducted if the estimated income of the employee is taxable.
Employer must not deduct tax on non-taxable allowances like conveyance allowance, rent allowance, medical allowance and deductible investments under sections like 80C, 80CC, 80D, 80DD, 80DDB, 80E, 80GG and 80U.  
No tax is required to be deducted at source if the estimated total income of the employee is less than the minimum taxable income (Rs. 2,20,000/- in case of Individual, HUF, AOP, BOD and AJP. Nil for others.)

 

TDS Rates on Payments other than Salary and Wages to Residents (including domestic companies)


Section

For Payment of

On Payments Exceeding

Individual/HUF

Others

193

Interest on Debentures

Rs. 5000/-

10%

10%

194

Deemed Dividend

No minimum

10%

10%

194 A

Interest other than on securities by banks

Rs. 10000/-

10%

10%

194 A

Interest other than on securities by others

Rs. 5000/-

10%

10%

194 B

Winnings from Lotteries / Puzzle / Game

Rs. 10000/-

30%

30%

194 BB

Winnings from Horse Race

Rs. 5000/-

30%

30%

194 C (1)

Payment to Contractors

Rs. 30000/- for single payment
Rs. 75000/- for aggregate 
payment during Financial Year

1%

2%

194 C (2)

Payment to Sub-Contractors / for Advertisements

194 D

Payment of Insurance Commission

Rs. 20000/-

10%

10%

194 EE

Payment of NSS Deposits

Rs. 2500/-

20%

NA

194 F

Repurchase of units by Mutual Funds / UTI

Rs. 1000/-

20%

20%

194 G

Commission ons Sale of Lottery tickets

Rs. 1000/-

10%

10%

194 H

Commission or Brokerage

Rs. 5000/-

10%

10%

194 I

Rent of Land, Building or Furniture

Rs. 180000/-

10%

10%

Rent of Plant & Machinery

Rs. 180000/-

2%

2%

194 IA

Transfer of Immovable Property (w.e.f. 01.06.2013)

Rs. 50 lacs

1%

1%

194 J

Professional / technical services, royalty

Rs. 30000/-

10%

10%

194 J (1)

Remuneration / commission to director of the company

-

10%

10%

194 J (ba)

Any remuneration / fees / commission paid to a director of a company, other than those on which tax is deductible u/s 192.

-

10%

10%

194 L

Compensation on acquisition of Capital Asset

Rs. 100000/-

10%

10%

194 LA

Compensation on acquisition of certain immovable property

Rs. 200000/-

10%

10%

 

Notes:

•  No surcharge or education cess is deductible / collectible at source on payments made to residents {Individuals / HUF / Society / AOP / Firm / Domestic Company) on payment of incomes other than salary or wages.

•  TDS at higher rate of 20% has to be deducted if the deductee does not provide PAN to the deductor.(section 206AA)

All persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain Tax Deduction or Tax Collection Account Number (TAN).

 

Deposit of Tax

Where tax has been deducted under Sections 192, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194E, 194EE, 194F, 194G, 194H, 194I, 194J, 194K, 194LA, 195, 196A, 196B, 196C and 196D, it is duty of the person deducting tax at source to deposit the amount of tax so deducted within the prescribed time in any branch of Reserve Bank of India or State Bank of India or any authorised bank accompanied by prescribed Income-tax challans as per the time limit and mode specified in Rule 30.

Credit of TDS

Where taxes have been deducted at source from any payment of income receivable by an assessee, the amount of tax deducted at source would be included in the income of the assessee while computing the income of the assessee and would be deemed to be the income received (Section 198). Further, credit will be given to the assessee while calculating the net tax payable by him and the tax deducted at source will be treated as a payment of tax on his behalf (i.e. to the Central Government by the payer who has deducted the tax at source) (S.199).

TDS Certificate

A certificate is prescribed u/s 203, which is to be issued by person deducting tax at source. Every person deducting tax is duty bound to furnish this certificate to the person from whose income/ payment the tax has been deducted. The certificate should specify the amount of tax deducted and rate at which it is deducted. (Form No. 16 or 16A). On production of this certificate, credit u/s 199, for tax paid, will be given to the person, from whose income the tax has been deducted, in his income-tax assessment for the assessment year in which the income (or payment) is assessable.

 

 

Cost of Inflation Index applicable for computing Long Term Capital Gains


S. No.

Financial Year

Cost Inflation Index

S. No.

Financial Year

Cost Inflation Index

1

1981-82

100

18

1998-99

351

2

1982-83

109

19

1999-00

389

3

1983-84

116

20

2000-01

406

4

1984-85

125

21

2001-02

426

5

1985-86

133

22

2002-03

447

6

1986-87

140

23

2003-04

463

7

1987-88

150

24

2004-05

480

8

1988-89

161

25

2005-06

497

9

1989-90

172

26

2006-07

519

10

1990-91

182

27

2007-08

551

11

1991-92

199

28

2008-09

582

12

1992-93

223

29

2009-10

632

13

1993-94

244

30

2010-11

711

14

1994.95

259

31

2011-12

785

15

1995-96

281

32

2012-13

852

16

1996-97

305

33

2013-14

939

17

1997-98

331

 34

2014-15

1024 

 

 

Income Tax Calendar F.Y. 2014-2015:

Month & Date

Due date for

January 7

Due date for deposit of Tax deducted/collected for the month of December, 2014

Due date for deposit of TDS for the period October 2014 to December 2014 when Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H

January 15

Quarterly statement of TDS/TCS deposited for the quarter ending December 31, 2014 when tax is deducted/collected by a person other than an office of Government

January 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of December, 2014

January 30

Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending December 31, 2014.

January 31

Quarterly statement of tax deducted if the deductor is an office of the Government for the quarter ending December 31, 2014

Quarterly return of non-deduction at source by a banking company from interest on time deposit in respect of the quarter ending December 31, 2014

February 7

Due date for deposit of Tax deducted/collected for the month of January, 2015

February 15

Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending December 31, 2014

February 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of January, 2015

March 7

Due date for deposit of Tax deducted/collected for the month of February, 2015

March 15

Third installment (in the case of an assessee other than a company) or fourth installment (in the case of a company) of advance income tax for the assessment year 2015-16

March 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of February, 2015

March 31

Extended due date for Annual return of income and wealth for the assessment year 2014-15 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s) for the taxpayers in the State of Jammu & Kashmir - . Order [F.NO.225/268/2015-ITA.II],Dated 28-11-2014

Extended due date for Audit report under section 44AB for the assessment year 2014-15 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under Section 92E for the taxpayers in the state of Jammu & Kashmir - Order [F.NO.225/268/2015-ITA.II], Dated 28-11-2014

April 7

Due date for deposit of Tax deducted under Section 194-IA in the month of March, 2015

April 22

Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of March, 2015

April 30

Due date for deposit of Tax deducted/collected for the month of March, 2015

Due date for deposit of TDS for the period January 2015 to March 2015 when Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H

Copies of declaration received in Form No. 60/61 (not being - received at the time of opening a bank account) during October 1, 2014 to March 31, 2015 to the concerned Director (Investigation)

May 7

Due date for deposit of Tax deducted/collected for the month of April, 2015

May 15

Quarterly statement of TDS/TCS deposited for the quarter ending March 31, 2015

May 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of April, 2015

May 30

Submission of a statement by non-resident (under Section 285) having a liaison office in India for the financial year 2014-15

Quarterly TDS/TCS certificates in respect of tax deducted (for payment other than salary) or tax collected during the quarter ending March 31, 2015

May 31

Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during 2014-15

Return of tax deduction from contributions paid by the trustees of an approved superannuation fund

June 7

Due date for deposit of Tax deducted/collected for the month of May, 2015

June 15

First installment of advance income-tax in the case of a company for the assessment year 2016-17

June 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of May, 2015

June 30

Return in respect of securities transaction tax for the financial year 2014-15

Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2015

Report by an approved institution/public sector company under Section 35AC(4)/(5) for the year ending March 31, 2015

July 7

Due date for deposit of TDS for the period April 2015 to June 2015 when Assessing Officer has permitted quarterly deposit of TDS under Section 192,194A, 194D or 194H

July 15

Quarterly statement of TDS/TCS deposited for the quarter ending June 30, 2015 when tax is deducted/collected by a person other than an office of Government

July 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of June, 2015

July 30

Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending June 30, 2015

July 31

Annual return of income and wealth for the assessment year 2015-16 for all assessee other than (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) working partner (of a firm whose accounts are required to be audited) or (d) an assessee who is required to furnish a report under section 92E

Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending June 30, 2015

Quarterly statement of tax deducted if the deductor is an office of the Government for the quarter ending June 30, 2015

Statement by scientific research association, university, college or other association or Indian scientific research company as required by ?rules 5D, 5Eand 5F (if due date of submission of return of income is July 31, 2015)

August 7

Due date for deposit of Tax deducted/collected for the month of July, 2015

August 15

Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending June 30, 2015

August 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of July, 2015

August 31

Annual information return under section 285BA for the financial year 2014-15

September 7

Due date for deposit of Tax deducted/collected for the month of August, 2015

September 15

First installment (in the case of a non-corporate assessee) or second installment (in the case of a corporate-assessee) of advance income-tax for the assessment year 2016-17

September 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of August, 2015

September 30

Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5Eand 5F (if due date of submission of return of income is September 30, 2015)

Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5Eand 5F (if due date of submission of return of income is September 30, 2015)

Annual return of income and wealth for the assessment year 2015-16 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) working partner (of a firm whose accounts are required to be audited)

Audit report under section 44AB for the assessment year 2015-16 in the case of a corporate-assessee or non-corporate assessee (who is required to submit his/its return of income on September 30, 2015)

October 7

Due date for deposit of tax deducted/collected for the month of September, 2015

Due date for deposit of TDS for the period July 2015 to September 2015 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

October 15

Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2015 when tax is deducted/collected by a person other than an office of Government

October 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2015

October 30

Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2015

October 31

Due date for furnishing of Annual audited accounts for each approved programmes under section 35(2AA)

Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2015 to September 30, 2015 to the concerned Director (Investigation)

Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2015

Quarterly statement of tax deducted if the deductor is an office of the Government for the quarter ending September 30, 2015

November 7

Due date for deposit of Tax deducted/collected for the month of October, 2015

November 15

Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending September 30, 2015

November 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of October, 2015

November 30

Annual return of income and wealth for the assessment year 2015-16 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s)

Audit report under Section 44AB for the assessment year 2015-16 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under Section 92E

Statement of income distribution by venture capital company or venture capital fund in respect of income distributed during 2014-15

December 7

Due date for deposit of Tax deducted/collected for the month of November, 2015

December 15

Second installment (in the case of an assessee other than a company) and third installment (in the case of a company) of advance income-tax for the assessment year 2016-17

December 22

Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of November, 2015