February is an important month for tax compliance, especially for businesses, professionals, deductors, and GST-registered taxpayers. Timely adherence to statutory deadlines helps avoid interest, penalties, and late fees under the Income-tax Act, 1961 and Central Goods and Services Tax Act, 2017.
Here is a detailed overview of key compliance requirements for February 2026.
🔹 Income Tax Compliances:
1️⃣ Deposit of TDS/TCS – 7 February 2026
Tax deducted at source (TDS) and tax collected at source (TCS) for January 2026 must be deposited with the government by 7th February 2026. Delay may attract interest under Sections 201(1A) and 206C(7).
2️⃣ Issue of TDS Certificates – 14 February 2026
TDS certificates for deductions made in December 2025 under the following sections must be issued:
• Section 194-IA – Purchase of immovable property (Form 16B)
• Section 194-IB – Rent payment by individuals/HUF not liable to audit (Form 16C)
• Section 194M – Payment to resident contractors/professionals by individuals/HUF (Form 16D)
Failure to issue certificates may attract penalties under Section 272A.
3️⃣ Advance Tax – 15 February 2026
Taxpayers opting for presumptive taxation under Sections 44AD and 44ADA must pay their entire advance tax liability (100%) by 15 February 2026 for FY 2025–26.
4️⃣ Filing of TDS Challan-cum-Statements – 29 February 2026
• Form 26QB – TDS on property purchase (Section 194-IA) – for January 2026
• Form 26QC – TDS on rent (Section 194-IB) – for January 2026
• Form 26QD – TDS under Section 194M – for January 2026
🔹 GST Compliances:
Under GST law, the following returns are due in February 2026:
• 11 February 2026 – GSTR-1 (Monthly filers)
• 13 February 2026 – Invoice Furnishing Facility (IFF) (QRMP taxpayers – optional)
• 20 February 2026 – GSTR-3B (Monthly filers)
• 22/24 February 2026 – GSTR-3B (QRMP scheme taxpayers – depending on state allocation)
Timely filing avoids late fees under Section 47 of the CGST Act and interest under Section 50.
🔹 Other Important Compliance:
15 February 2026 – Due date for payment of PF and ESI contributions for January 2026.
Why Timely Compliance Matters?
Non-compliance may result in:
• Interest liability
• Monetary penalties
• Late fees
• Disallowance of expenses
• Compliance notices
Businesses should reconcile books with Form 26AS/AIS and GST portal data before filing returns to ensure accuracy.
Tax Compliance Calendar – February 2026 (Table Format)
Due Date Compliance Particulars Applicable To Period
7 Feb 2026 Deposit of TDS/TCS All deductors/collectors January 2026
11 Feb 2026 GSTR-1 (Monthly) GST Registered Taxpayers January 2026
13 Feb 2026 IFF (Optional) QRMP Taxpayers January 2026
14 Feb 2026 Issue of Form 16B / 16C / 16D Property buyers / Rent payers / Individuals December 2025
15 Feb 2026 Advance Tax (Presumptive scheme) 44AD/44ADA taxpayers FY 2025–26
15 Feb 2026 PF & ESI Payment Employers January 2026
20 Feb 2026 GSTR-3B (Monthly) GST Registered Taxpayers January 2026
22/24 Feb 2026 GSTR-3B (QRMP) QRMP Taxpayers January 2026
29 Feb 2026 Form 26QB / 26QC / 26QD filing Specified deductors January 2026[/three_fourth_last]
Key Points to Remember:
• Ensure sufficient balance for Advance Tax to avoid interest under Sections 234B & 234C.
• Verify TDS credits in Form 26AS / AIS before filing statements.
• Late filing of GST returns attracts late fees and interest.
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