As we step into the second quarter of FY 2025–26, July brings several crucial statutory and income tax compliance deadlines that individuals, businesses, and tax professionals must stay aware of. From filing TDS returns to submitting GST returns and advance tax payments, missing these key dates can lead to penalties, interest charges, and unnecessary scrutiny. This month is especially significant for salaried individuals and companies alike, as it marks the final stretch for certain Q1 filings and the beginning of fresh compliances under updated provisions announced earlier this year.

In addition to deadlines, July 2025 also introduces a few notable income tax updates announced in the recent finance circulars. These include revised norms for Form 26AS, updated interest rates on delayed ITR filings, and clarifications on the new tax regime benefits for salaried taxpayers. Staying informed and compliant is not just good practice—it’s essential for avoiding legal hurdles and optimizing tax planning. In this article, we’ll take you through the key due dates, highlight recent tax rule changes, and offer practical tips to manage your July compliances effectively.