New Delhi, May 8 -- Taxpayers are facing a packed schedule in May 2026 as critical compliance deadlines rapidly approach.

From the mandatory deposit of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for April 2026 to the issuance of vital certificates and filing of key financial statements, numerous due dates are set throughout the month.

Under the Income Tax Act, 2025, specific mandates, including declarations and challan-cum-statements, require immediate attention to meet strict timelines.

Failure to adhere to these scheduled dates may trigger significant penalties, making it essential for filers to monitor upcoming requirements closely.

The first major milestone is the deadline for depositing tax withheld or collect...