New Delhi, May 3 -- As the new financial year settles in, May 2026 has several important tax deadlines that taxpayers should keep in mind. These include due dates for TDS payments, quarterly filings, among others. Missing them can lead to consequences such as penalties or extra charges.

Hence, effective tax planning is crucial, as it reduces tax liability, maximizes savings, eliminates last-minute stress and ensures compliance through timely actions. Here's a list of key tax deadlines in May 2026.

The first key deadline falls on May 7, where taxpayers must deposit tax deducted at source (TDS) and tax collected at source (TCS) for April 2026. In the case of government offices making payments without a challan, a tax must be paid to the c...