The February income tax calendar is critical for taxpayers, deductors, and government offices dealing with Tax Deducted at Source (TDS). February 2026 includes multiple statutory deadlines for issuing TDS certificates and submitting compliance forms under the Income-tax Act. Missing these dates can result in penalties, interest, and unnecessary scrutiny from tax authorities.
Understanding the February income tax calendar in advance helps businesses, professionals, and individuals stay compliant and avoid last-minute errors.
Why the February Income Tax Calendar Matters
The February income tax calendar mainly focuses on TDS certificate issuance and government reporting obligations. These deadlines ensure that taxes deducted in earlier months are properly reported and credited to the deductee’s PAN. Accurate and timely compliance also helps taxpayers claim credit smoothly while filing their income tax returns.
February is particularly important because it covers TDS deductions made in December 2025 and January 2026, making it a high-compliance month.
February 14, 2026: TDS Certificate Issuance Deadlines
One of the most important dates in the February income tax calendar is February 14, 2026. On this date, deductors must issue TDS certificates for multiple sections under the Income-tax Act.
The TDS certificate under Section 194-IA must be issued for tax deducted on the transfer of immovable property during December 2025. This applies when property buyers deduct TDS while purchasing property exceeding the prescribed threshold.
Similarly, individuals or Hindu Undivided Families (HUFs) who deducted tax on rent payments under Section 194-IB for December 2025 must issue the TDS certificate by February 14. This ensures landlords receive proper tax credit.
The same deadline applies to Section 194M, which covers TDS on contractual or professional payments made by individuals or HUFs not liable to tax audit. Certificates for deductions made in December 2025 must be issued by this date.
Another key inclusion in the February income tax calendar is Section 194S, which deals with TDS on the transfer of virtual digital assets such as cryptocurrencies. Specified persons who deducted TDS in December 2025 must issue certificates by February 14, 2026.
February 15, 2026: Government and Quarterly TDS Compliance
The next critical date in the February income tax calendar is February 15, 2026.
Government offices that deposited TDS or TCS for January 2026 without generating a challan must submit Form 24G by this date. This form ensures proper reporting of tax payments made through book adjustments.
February 15 is also the due date for issuing the quarterly TDS certificate for non-salary payments for the quarter ending December 31, 2025. This applies to various non-salary payments such as professional fees, contractual payments, and rent.
Timely issuance of quarterly TDS certificates helps deductees reconcile their Form 26AS and Annual Information Statement (AIS) without discrepancies.
Consequences of Missing February TDS Deadlines
Failure to follow the February income tax calendar can lead to late fees, interest, and penalties under the Income-tax Act. Delays in issuing TDS certificates can also result in complaints from deductees and increased compliance risk during audits.
Consistent non-compliance may attract notices from the tax department and affect the deductor’s compliance rating.
How to Stay Compliant with the February Income Tax Calendar
Tracking the February income tax calendar in advance is essential. Businesses and individuals should review all TDS deductions made in December and January, verify challan details, and ensure certificates are issued within deadlines.
Using professional tax compliance services or automated reminders can significantly reduce errors and last-minute stress.
The February income tax calendar 2026 plays a vital role in ensuring smooth TDS compliance. With key deadlines on February 14 and February 15 covering multiple sections and forms, timely action is essential. Staying organised and compliant not only avoids penalties but also strengthens trust with stakeholders and the tax authorities.
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