Topic 8: CHECKLIST OF IMPORTANT FINANCIAL TASKS BEFORE MARCH 31, 2025

UAN ACTIVATION FOR EPF-LINKED INSURANCE:
Activate your UAN by March 15, 2025, to access EPF-linked insurance benefits

TAX-SAVING INVESTMENTS:
Invest in tax-saving instruments under Sections 80C, 80D, etc., such as PPF, NPS, ELSS, and tax-saving FDs before March 31, 2025, to claim deductions in the current financial year

ADVANCE TAX PAYMENTS:
 Ensure the fourth instalment of advance tax is paid by March 15, 2025, to avoid penalties under Sections 234B and 234C.

UPDATED INCOME TAX RETURN (ITR-U):
File or update your income tax return by March 31, 2025, if you missed reporting income or made errors in previous filings.

MINIMUM INVESTMENTS IN GOVERNMENT SCHEMES:
Ensure minimum annual investments in schemes like PPF and Sukanya Samriddhi Yojana to keep accounts active and avoid penalties.

SPECIAL FIXED DEPOSITS:
Invest in special fixed deposit schemes before March 31, 2025, to secure higher interest rates.

BANKING SERVICES ON MARCH 31:
Utilize banking services for government transactions, such as tax payments and pension disbursements, as banks will remain open on March 31, 2025



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