Key Financial Deadlines for December 2024: As the calendar year 2024 draws to a close, it’s crucial to be mindful of key financial deadlines. Missing these could result in financial losses or penalties. These deadlines cover a range of areas, including income tax obligations, special fixed deposit offers, Aadhaar updates, and changes in credit card rules.
Advance Tax Deadline: December 15, 2024
For taxpayers not under the presumptive taxation scheme, advance tax payments are due as follows:
June 15: 15% of total tax liability
September 15: 45% of total tax liability
December 15: 75% of total tax liability
March 15: 100% of total tax liability
Belated Income Tax Return: File by December 31, 2024
If you have missed filing your income tax return (ITR) by the due date, you still have a chance to file a belated return until December 31, 2024, for the assessment year 2024-25. Ensure this is done to avoid penalties and complications.
Free Aadhaar Updates: Deadline on December 14, 2024
Aadhaar card holders can update their demographic details free of cost via the myAadhaar portal until December 14, 2024. After this date, updates at offline centres will attract a fee.
Special FDs: Invest Before December 31, 2024
IDBI Bank’s Utsav FDs: Special tenures like 300, 375, 444, and 700 days offer attractive returns.
Punjab & Sind Bank FDs: Multiple special fixed deposit schemes with varying tenures also close on December 31, 2024.
Axis Bank Credit Card Changes: Effective December 20, 2024
Axis Bank is implementing updates to its credit card terms and conditions, including:
Finance/Interest Charges: The revised rate for the Airtel Axis Bank Credit Card will be 3.75% per month, up from 3.6% per month.
Summing up:
Mark these deadlines on your calendar to ensure you remain financially compliant and seize any potential benefits before they expire.