Summary of action points Before March 31, 2025
✔ Review tax-saving investments.
✔ Pay pending taxes/advance tax.
✔ Submit investment proofs to employer (if salaried).
✔ Plan capital gains/losses for tax efficiency.
✔ Update financial records for the
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Key Things To do Before 31st March 2024
1 Invest in Tax Saving options
Those who have opted for old tax regime must invest in tax saving options like ELSS MFs, Tax saver FDs, Life Insuarnace, PPF etc to claim deductions u/s 80C of the income ta
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Personal income tax is still India's biggest tax contributiors, accounts for more than 30% of total tax collections
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