This may help you.
$today = date("m-d-Y H:i:s");
$thisMonth =date("m");
$thisYear = date("y");
$expectedDate = ($thisMonth+1)."-08-$thisYear 23:58:00";
if (strtotime($expectedDate) > strtotime($today)) {
echo "Expected date is greater then current date";
return ;
} else
{
echo "Expected date is lesser then current date";
}