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:
