Complete Tax Calendar For NRIs In Tax Year 2026-27

As an NRI earning income in India, such as rental income, NRO interest, business income, or capital gains, the Indian tax deadlines fully apply to you. Missing any one of the deadlines triggers a whole set of penalties, interest, and loss of the refunds you deserve.

The tax year 2026-27 has an important shift: the Income Tax Act 2025, which replaces the Income Tax Act 1961, comes into force from April 1, 2026. Filing for FY 2025-26 (April 2025-March 2026) still falls under the old Act, as it is the Assessment Year 2026-27.

We have compiled a detailed tax calendar of all important deadlines for NRIs for the 2026-27 tax year.

The Important Overlapping Tax Periods You Must Understand

Which Income Is Taxable In India For NRIs?

For NRIs, only income sourced in India is taxable, such as rental income, capital gains on Indian assets, interest from NRO accounts, dividends from Indian companies, and salary for services rendered in India.

However, what is completely exempt for NRIs is interest on NRE accounts and FCNR deposits, zero TDS, and zero Indian tax.

The Master NRI Tax Calendar: April 2026-March 2027

The following table presents the master NRI Tax Calendar for the current tax year, month-wise, with key dates and the obligations for each date.

April-May 2026

The Action: Collect Form 16A, verify Form 26AS and the AIS, and resolve the TDS mismatches early, as they delay the refunds.

June 2026

Note: Advance tax is applicable to NRIs if the estimated net tax liability exceeds Rs 10,000 after TDS credits, arising from rental income, NRO interest, and capital gains. You can apply for a lower TDS certificate to reduce the TDS from the default 30% on gross income to your actual effective rate.

July 2026

The NRIs must file ITR-2 (for salary, property, capital gains, NRO interest, and no business) or ITR-3 (for business income). ITR-1 is unavailable to NRIs. If you are claiming DTAA benefits, file Form 67 with your ITR, along with your Tax Residency Certificate (TRC) and the electronically filed Form 10F.

August- September- October 2026

November-December 2026

If you miss the July 31 filing, file a belated return by December 31, with a penalty of R 5000 (Rs 1000 if your total annual income is <= Rs 5 lakh), plus 1% monthly interest on the unpaid tax.

January-March 2027

Advance Tax Installments At A Glance

The following table demonstrates the advance tax installment at a glance.

Ensure that any non-payment will attract interest @1% per month under Sections 424 and 425 of the IT Act 2025.

The Key Changes For NRIs In The Tax Year 2026-27

The following are the key changes for NRIs in the current tax year 2026-27

• The Income Tax Act 2025 is in force; new Section numbers apply, but FY 2025-26 filings still use the old Act.
• Revised Return extended to March 31: Budget 2026 moved the deadline from December 31 to March 31 (fees are applicable after March 31).
• TAN no longer required for NRI property TDS- Replaced by a PAN-based challan system.
• Non-audit business ITR deadline moved to August 31- One month extension for the NRIs with business income not requiring audit.
• Updated Return (ITR-U) window extended to 4 years- Can be filed within 48 months from the end of AY 2026-27 (until March 31, 2031).

Penalty Summary

The following table shows the violations and their consequences.

Filing for everything late also means you cannot offset capital gains or business losses, a financial cost beyond the stated penalties.

The Quick NRI Action Checklist

The following is the quick NRI checklist for you to abide by:

• Verify Form 26AS and AIS- resolve the TDS mismatches.
• Obtain a TRC and file Form 10F for the DTAA benefits.
• Apply for a lower TDS certificate before the income is received.
• File ITR-2 or the ITR-3 by July 31, 2026.
• File Form 67 alongside the ITR if claiming a foreign tax credit.
• E-verify the return within 30 days of filing the ITR.
• Pay an advance tax on June 15, Sept 15, Dec 15, and March 15.

The Bottom Line

July 31, 2026, is the most essential date for NRIs, the ITR filing deadline for AY 2026-27, Advance tax installments, and quarterly form 27Q filing keep you compliant all year round. A lower TDS certificate and timely DTAA documentation prevent you from getting excess tax outgoings and long-overdue waits.

As an NRI, if you are seeking professional assistance with filing your income tax return in India, Savetaxs is the name to trust. From determining residential status to DTAA & tax planning, to providing end-to-end guidance on the tax implications of my income sources, ensuring compliance with Indian tax laws, filing returns accurately, maximizing deductions, and handling any queries or audits from the income tax authorities and beyond, our experts will help you with all of it.

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