June 15 deadlines explained: 8th Pay Commission memorandum submission, Form 16 issuance, advance tax payment

June 15 deadlines explained: The mid-June period is an important compliance deadline for taxpayers, as several key financial deadlines coincide.

Around this period, the first instalment of advance tax for FY 2026-27 becomes due, along with the availability of important TDS documents such as Form 16 and Form 16A for FY 2025-26. It also coincides with the final date for submission of representations to the 8th Central Pay Commission (8th CPC).

8th Pay Commission memorandum submission deadline

Earlier, the last date had been revised multiple times (from 30 April 2026 to 31 May 2026), and it is now in its final phase. As per the official website, the final deadline stands extended to 15 June 2026, and no further extension will be granted. “The last date for submission of Memorandum to Eighth Central Pay Commission stands extended to 1.06.2026. This is the final timeline for submission. No further extension shall be granted,” noted 8th CPC website.

Form 16

With only a few days remaining, the issuance process is nearing completion, after which income tax return (ITR) filing activity is expected to pick up pace. This is especially important as there are only about 45 days left for the July 31 ITR filing deadline.

Under the Income Tax Act, 2025, Form 16 has been renumbered as Form 130 with effect from Tax Year 2026–27 (from 1 April 2026 onwards). However, for Financial Year 2025-26, employers will continue to issue Form 16 in the existing format as usual.

Advance tax payment

Advance tax is the payment of tax during the financial year in 4 instalments rather than all at once, based on the estimated income for the year. For Tax Year 2026-27 (FY 2026-27), the first instalment of advance tax must be paid by June 15, 2026.

At the same time, advance tax payments are also in focus for taxpayers with non-salary income. With the instalment deadlines approaching, this is the stage where many people start reviewing their income, investments, and tax liability to avoid last-minute pressure and interest charges.