Financial tasks to complete before March 31, 2026 to save tax and avoid penalties

Taxpayers must act now. Make tax-saving investments under Section 80C. Submit investment proofs to employers. Pay advance tax by March 15, 2026. Claim health insurance deductions under Section 80D.

Income Tax Act 2025: Will Tax Slabs And Rates Change From April 1?

While the Income Tax Act 2025 replaces the existing six-decade-old Income Tax Act, 1961, taxpayers are unlikely to see any immediate changes in tax slabs or rates.
NDTV Profit

Last-Minute Income-Tax-Saving Tips: Maximise These Deductions Before Financial Year-End

In India, there are many options under the tax laws that offer deductions and exemptions to reduce taxable income, such as PPF and ELSS.
NewsBytes

Key financial tasks to do before March 31 deadline

As the financial year 2025-26 draws to a close, taxpayers must complete key tasks by March 31, 2026, to optimize tax savings and prevent penalties.
Tax Guru

Section 80G Approval Cannot Be Denied Merely Because Trust Has Fee Receipts or Surplus – ITAT Directs CIT(E) to Grant Approval

The Tribunal found that the authority misapplied the law by relying on provisions relating to donor deductions rather than approval conditions for institutions. Since the trust fulfilled statutory ...

From Investment Proofs To Insurance Reviews: Essential Financial Tasks Before March 31

With India's financial year ending on 31 March, experts recommend completing a checklist that includes submitting investment proofs, maximising tax-saving investments, reviewing insurance policies.

March 15 advance tax deadline: Who needs to pay and what happens if you miss it

If advance tax instalments are not paid by their respective due dates, interest is charged at the rate of 1percent per month ...
Analytics Insight

Tax Benefits of Term Insurance No One Told You About

Term insurance is often discussed purely as a protection tool, but its tax advantages are rarely explained in detail. While most policyholders are aware of basi ...
The Financial Express

Salaried employee faces 200 pc penalty despite paying tax — here’s what ITAT said on wrong income tax deductions

A salaried taxpayer who wrongly claimed ₹10.65 lakh in Chapter VI-A deductions for AY 2022-23 ended up paying a 200% penalty after the Income Tax Appellate Tribunal upheld the action for "misreporting ...
Newspoint on MSN

Tax update: Advance tax can be paid by this date, what if you forget; how to pay it?

The financial year 2025 is coming to an end. Meanwhile, the advance tax filing deadline is also approaching. March 15th is ...
Newspoint on MSN

8 important financial tasks to finish before March 31 to avoid extra tax and penalties

As the financial year 2025–26 approaches its end, taxpayers in India should review their finances and complete key tax-related tasks before March 31, the final day of the financial year. Taking timely ...
Military.com

2026 Taxes: This Is What Military Landlords Need to Know

Renting out a home after a PCS move is one of the most common ways service members build wealth, but it also creates a new set of tax obligations that catch many military landlords off guard. With ...