March is a crucial month. It's the last month of the financial year. Therefore, you need to complete all your financial tasks before the end of this financial year. Therefore, you need to complete these tasks before March 31st. If you don't complete these important tasks, you could face difficulties in the next financial year.

Tax Saving

Currently, there are two tax systems in the country: one is the old tax system and the other is the new tax system. Individuals who choose the old HUF income tax system are eligible for deductions under sections 80C, 80D, 80TTB, 80E, and 80G. Therefore, the tax saving deadline for those choosing the old tax system is March 31, 2026.

PPF and Sukanya Samriddhi Yojana

It's mandatory to invest a fixed amount each year in PPF and Sukanya Samriddhi Yojana. So, if you haven't invested yet, do so immediately. You must invest before March 31st. You'll need to invest at least ₹250 in PPF and ₹250 in Sukanya Samriddhi Yojana.

Employees will have to provide proof of investment

Employees who have made investments to save taxes will need to disclose these details and submit documents before the payroll cut-off date.

Filing ITR-U

Those who haven't filed their ITR for 2021-22 will need to file an updated ITR. The deadline for this is March 31. Therefore, taxpayers who have delayed filing their ITR should do so as soon as possible.

Home Loan Certificate

If you have a home loan, you'll need to download an interest certificate. You can claim a deduction of up to ₹2 lakh under Section 24(b) of the Income Tax Act, 1961. You'll receive a discount of up to ₹1.5 lakh.

Form 12B

If you are an employee and have changed your job in 2025-26, then you will have to submit the income form of the old company to the current company.

Uploading Income Tax Statement of Foreign Investment

If you've invested abroad, you'll need to upload your statement. The deadline for this is March 31st. This statement is required to claim the foreign tax credit.

PC: SaamTV