Several financial changes have come into effect in the new fiscal year 2025–2026 (FY25), including a major overhaul of the income tax structure. Finance Minister Nirmala Sitharaman, in her Budget 2025 speech, made annual income of up to Rs 12 lakh tax-free. For salaried individuals, this threshold was set at Rs 12.75 lakh with a standard deduction of Rs 75,000. The tax slabs under the new tax regime were updated to lower the burden on middle-income groups. The massive tax benefits of Union Budget 2025 came into effect on Apr. 1 and are certain to provide significant relief to people, offering them more flexibility over their finances.

With this financial power provided by the government, it is crucial to make thoughtful, well-researched decisions related to finances in order to secure one’s future. This also includes keeping track of important deadlines, such as tax filings, investment renewals, or financial goals.

An organised financial calendar goes a long way in avoiding unnecessary penalties or missed opportunities.

To stay on top of your finances, mark these key financial dates and deadlines for a stress-free fiscal year:

April 2025

Review your budget and establish specific financial objectives. Reevaluate your tax plan and update insurance plans to reflect your current demands. Fill out and submit 15G/15H forms if you qualify to avoid needless TDS deductions from your interest income. Based on your income and investments, compare the existing and new tax regimes to see which one will save you the most. Consult your financial advisor to make sure your financial objectives are in line and to plan tax-friendly investments. This is a good time to draft a will if you haven’t already. If you are planning to take a holiday with family in the summer or the following months, book your tickets in advance for the best prices. Plan for winter or the upcoming year by starting to save now.

April 30: While purchasing gold during Akshaya Tritiya is said to be auspicious, to maintain a balanced approach to investing, refrain from overexposing your portfolio to gold.

May 2025

To prevent the last-minute rush, gather all the necessary documents and start getting ready to file your taxes. Salaried individuals must obtain Form 16 from their employer before the month ends. This will ensure a smooth tax filing process. 

June 2025

Pay the first advance tax instalment on Jun. 15 for the fiscal year if you have tax liabilities. You must pay advance tax if your total tax due for 2025–2026 exceeds Rs 10,000 (after TDS). This mostly applies to investors who get substantial dividends or capital gains.

If you receive a bonus from your employer, consider using the money to prepay EMIs to limit your tax liability depending on your financial health. 

July 2025

Retail investors and salaried individual who are exempt from auditing must submit their ITRs by Jul. 31. There will be a late fine of up to Rs 5,000 for any delays.

August 2025

Commit to achieving financial independence on Aug. 15. Verify your financial health by making sure you have enough investments, an emergency fund, and less debt. Establish and strive for financial independence.

September 2025

Pay 45% of the entire projected tax liability by Sep. 15, if applicable. This is important for investors who get large dividends, rental income, or capital gains. 

Further, examine your investment portfolio and adjust as necessary to bring it into line with your objectives.

Begin Festival Planning: Establish a budget as the holiday season draws near to prevent overspending and impulsive purchases.

October 2025

Have a responsible time during the holiday season. Declutter your financial portfolio, stay within your budget, and refrain from making pointless gold purchases. Make the purchases you need to while making sure the savings are real and suitable for your requirements.

November  2025

Teach your kids about investing, saving, and spending on Children’s Day, on November 14, which will teach them financial responsibility as adults.

December 2025

To avoid interest penalties, pay 75% of your entire estimated tax liability (third advance tax instalment) by Dec. 15.

The deadline for filing amended or late ITRs is Dec. 31.

January 2026

Establish attainable financial goals on January 1 to guarantee the accumulation of wealth over time.

Keep track of insurance policy renewal dates and provide your company with documentation of tax-saving investments.

February  2026

Keep abreast of the Union Budget since it can bring about adjustments to tax slabs, exemptions, and investment regulations. Evaluate how it will affect your money and modify your financial strategy as necessary.

March 2026

Make the fiscal year’s last advance tax payment (fourth advance tax instalment) on March 15. The deadline for tax-saving investments is Mar. 31.

. Read more on Personal Finance by NDTV Profit.With this financial power provided by the government, it is crucial to make thoughtful, well-researched decisions related to finances in order to secure one’s future.  Read MorePersonal Finance 

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