Skip to main content
Jul 20, 2026 1 min read

India: Form 138 Q1 FY 2026-27 Due 31 July 2026

Form 138 for Q1 FY 2026-27 (April–June 2026) is due 31 July 2026 – 11 days away. First quarterly TDS statement under the new Income Tax Act 2025. Form 138 replaces Form 24Q; Section 392 replaces Section 192.

Effective Date

Published

Impact

  • First quarterly TDS statement under the new Income Tax Act 2025. Form 138 (replaces Form 24Q) is due 31 July 2026 via TIN-NSDL for salary paid Q1 FY 2026-27 (April–June).
  • Section 392 (replaces Section 192) governs TDS on salary. Once processed, Form 130 Part A becomes downloadable from TRACES.
  • Late-filing fee: ₹200/day under Section 234E (max = TDS payable).

Payroll action

e-Filing Portal

Most viewed posts

View all posts

Mercans Named Leader in Payroll Transformation

This marks the third consecutive year that Mercans has achieved a Leader position, covering 2023, 2024 and 2025.

Dec 15, 2025 2 min read

The World’s First AI-Powered Payroll Validation

Mercans introduces Enhanced Payroll Validation with AI Insights - a groundbreaking innovation that redefines payroll accuracy, compliance, and efficiency across the globe

Oct 3, 2025 3 min read

Mercans Recognized as a Global Leader in the ISG Provider Lens 2025...

Company is also named a Product Challenger in the USA Managed Payroll Services.

Nov 24, 2025 2 min read