December 2025 is a crucial month for taxpayers in India. Missing key deadlines could result in penalties, interest, or notices from the Income Tax Department. Here’s a breakdown of the four important dates you need to keep in mind.

1. Deadline 1: Filing of TDS Returns for November

· Due Date: Typically the 31st december 2025

· Who Should File: Employers, deductors, and institutions deducting tax at source (TDS)

· Importance: Late filing attracts penalty and interest, and can delay Form 16 issuance to employees

2. Deadline 2: Advance Tax Installment for Corporates

· Due Date: 15th december 2025 (Fourth installment for corporate taxpayers)

· Who Should Pay: Companies and corporate taxpayers whose tax liability exceeds ₹10,000

· Penalty: Non-payment attracts interest under Sections 234B and 234C

3. Deadline 3: GST Annual Return Filing (If Applicable)

· Due Date: 31st december 2025

· Who Should File: Businesses registered under GST with turnover exceeding the threshold

· Importance: Late filing may lead to penalties and interest and could impact compliance ratings

4. Deadline 4: Contribution to Recognized Pension Schemes

· Due Date: 31st december 2025

· Who Should Contribute: Individuals and employers contributing to NPS or approved superannuation funds

· Tax Benefit: Contributions are eligible for tax deduction under Section 80C/80CCD

· Note: Missing the deadline could lead to loss of deduction for the financial year

Bonus Tip: Stay Updated

· Keep track of all official notifications from the Income Tax Department.

· Use online portals to file returns and pay taxes to avoid last-minute issues.

· Maintaining records of payments and filings can help in case of notices.

Conclusion

December is a critical month for financial compliance. By keeping track of these four major deadlines, taxpayers can avoid penalties, interest, and notices, while also maximizing their eligible tax benefits.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

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G GOWTHAM

02/12/2025 12:38 PM