The month of March has begun, and this month you have a lot of financial tasks to complete. If you don’t pay for your job before December 31st, you risk incurring a hefty loss. This includes a number of significant projects, such as the PM Vaya Vandana Yojana and the PAN Aadhaar connection. Let us remind you that you need to complete some of your significant work by December 31.
PM Vaya Vandana Yojana
This is your last opportunity to invest in this government program if you are also considering doing so. The elderly will benefit greatly from this program. In this, the government provides pensions. You can invest in this program in March because the government has informed you that it will terminate after March 31, 2023. The government has not yet given a notification to continue this program.
Investing in the SBI program
You still have time to benefit from the increased interest rate offered by the SBI plan. You receive interest at a rate of 7.6% under SBI’s new FD program, Amrit Kalash. You only need to invest in this strategy for 400 days.
Pan Aadhaar Link
To link your PAN with your Aadhaar, you only have till March 31. Please be advised that you will be charged late costs for this, but that you must link it before December 31 in order to be able to pay income tax.
The fiscal year’s final opportunity for tax planning has passed.
What is my last opportunity to plan my taxes? The fiscal year’s final opportunity for tax planning has passed. Following that, you won’t be eligible for a tax deduction if you invest in any tax savings plans. Money can be invested in a variety of plans, including PPF, NPS, and Sukanya Samriddhi.
Mutual Fund Program
If you haven’t yet completed the nomination process for the mutual fund scheme, you must do so by March 31. All investors have been prompted to amend this by fund houses. You must finish this job by March 31 otherwise your mutual fund folio will be frozen if you don’t make the nomination.
Read More: How long your PAN Card remains valid, know here
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