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TAX CALENDAR - 2022
(Last Dates for Making Payments & Filing of Returns)

January​

Date
Period Code
Description
1
21/22 IV
Betting & Gaming - Annual Levy Payment - 4ᵗʰ Quarter 2021/2022
7
21/22 III
Betting & Gaming Gross Collection payment (10% of Turnover) - December 2021
15
21120
APIT Payment - December 2021
21120
WHT/ AIT Payment - December 2021
2140
Statement of Stamp Duty Compounded –4ᵗʰ Quarter 2021
21120
Stamp Duty Compounded Payment –4ᵗʰ Quarter 2021
20
21430
VAT Payment – December 2021
21120
VAT on FS - Payment- December 2021
21222
VAT on FS - 2nd Interim Estimate 2021/2022 (Calendar Year Basis - CY)
21/22 III
Betting & Gaming Gross Collection Return – 3ʳᵈ Quarter 2021/2022
31
2143
VAT Return - Monthly (December 2021)
2140
VAT Return - Monthly (December 2020) & Quarterly ( October - December 2020)

February

Date
Period Code
Description
7
21/22 IV
Betting Gaming Gross Collection Payment (10% of Turnover) - January 2022
15
21223
Income Tax - 3ʳᵈ Instalment of Y/A 2021/2022
22010
APIT Payment - January 2022
22010
WHT/ AIT  Payment - January 2022
20
22110
VAT Payment - January 2022
22010
VAT on FS - Payment - January 2022
28
2211
VAT Return - Monthly (January 2022)

March

Date
Period Code
Description
7
21/22 IV
Betting & Gaming Gross Collection Payment(10% of Turnover) - February 2022
15
22020
APIT Payment - February 2022
22020
WHT/ AIT  Payment - February 2022
20
22120
VAT  Payment - February 2022
22020
VAT on FS - Payment - February 2022
31
2212
VAT Return - Monthly (February 2022)

April

May

June

July

August

September

October

November

December

* Please note that, as the due date falls on a non working day (public or bank holiday) please make arrangements to pay or comply on or before that date.

Discount on Income Tax payable by Individuals

Any individuals who makes any quarterly self-assessment income tax payment, one month before the due date, is entitled to a 10% discount thereon (not exceeding such percentage on the installment based on the current year profits).

Illustration – I
Assume that your income tax liability (as an individual) for the year of assessment 2015/16 is Rs. 200,000/-. Then, under normal circumstances you may make quarterly self-assessment income tax payments for the year of assessment 2016/17, as follows:

Payment Date Calculation Amount (Rs.)
15th August 2016 200,000 x ¼ 50,000
15th November 2016 200,000 x ¼ 50,000
15th February 2017 200,000 x ¼ 50,000
15th May 2017 200,000 x ¼ 50,000
Total 200,000

However, if you make above payments one month before the respective stipulated dates, you are entitled to a 10% discount thereof (based on current year liability) and payments could be made as follows.

Payment Date Calculation Amount (Rs.)
15th July 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th Oct 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th January 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th April 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000
Total 180,000

If your income tax liability for the year of assessment 2016/17 is Rs. 250,000/-, 
then, the balance tax payable for that year of assessment, on or before September 30, 2017, is as follows:

Computation Amount (Rs.)
Total Income Tax payable for the Y/A 2016/17 250,000
Less: Total of Quarterly self-assessment tax payments made (180,000)
Discount 200,000 x 10% (already deducted) (20,000)
Balance Tax payable on or before September 30, 2017 50,000


Illustration – II

Assume that your income tax liability (as an individual) for the year of assessment 2015/16 is Rs.200,000/-.
Then, under normal circumstances you may make quarterly self-assessment income tax payments on the basis of that liability for the year of assessment 2016/17 as follows:

Payment Date Calculation Amount (Rs.)
15th August 2016 200,000 x ¼ 50,000
15th November 2016 200,000 X ¼ 50,000
15th February 2017 200,000 X ¼​ 50,000
15th May 2017 200,000 X ¼ 50,000
Total 200,000

However, if you make above payments one month before respective stipulated dates, you will be entitled to a 10% discount thereof (based on current year liability) and payments could be made as follows.

Payment Date Calculation Amount (Rs.)
15th July 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th Oct 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th January 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th April 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000
Total 180,000

​If your income tax liability for the year of assessment 2016/17 is Rs. 150,000/-,  then the refund for that year of assessment, is computed as follows.

Computation Amount (Rs.)
Total Income Tax payable for the Y/A 2016/17 150,000
Less: Total of Quarterly self-assessment tax payments (180,000)
Discount 150,000 x 10% (entitled) (15,000)
Refund due for the Y/A 2016/17 (45,000)

Please note that the discount is limited to 10% of the current year tax liability.

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Last updated: 10-01-2022