Income Tax News: Most Important, February 2024 Tax Calendar Unveiled! Your Comprehensive Guide to Key Financial Tasks

Income Tax News: Planning for income taxes lowers tax obligations and increases savings. In February 2024, people should take on a number of tax-related responsibilities in order to guarantee thorough planning and minimise any repercussions. The income tax department has released a detailed tax calendar on its website that details the monthly deadlines that individuals need to be aware of.

February 7, 2024

It is the deadline for depositing taxes that have been collected or withheld for the month of January in 2024. Nevertheless, all money that a government office deducts or collects must be paid to the Central Government's credit on the same day that taxes are paid, even if an income tax challan is not produced.

February 14, 2024

This date applies to tax deductions made under sections 194-IA, 194-IB, 194M, and 194S (by designated person) for the purpose of issuing tax deducted at source (TDS) certificates in December 2023.

​February 15, 2024

This is the deadline for government offices that have paid TDS/TCS for the month of January 2024 without presenting a challan to provide Form 24G. All tax deducted at source (TDS) information is contained in Form 24G. The Drawing and Disbursement Officer (DDO) receives this information later on for additional processing. By this date, you should also submit the quarterly TDS certificate (pertaining to tax deducted for payments other than wages) for the quarter ending December 31, 2023.

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