Important Financial Deadlines for December 2024
As the end of 2024 approaches, it’s vital to keep track of key financial deadlines to avoid penalties and make the most of available opportunities. This month’s deadlines cover?income tax?payments, Aadhaar updates, special fixed deposit schemes, and changes to credit card rules. Here’s an overview to help you stay organized:
1. Advance Tax Payment: Due by December 15, 2024
Taxpayers not under the presumptive taxation scheme must adhere to the following?advance tax?payment schedule:
Timely payments will help you avoid interest charges and maintain compliance with tax laws.
2. File Belated Income Tax Returns by December 31, 2024
If you missed the initial deadline to file your income tax return, you still have until December 31, 2024, to submit a belated return for the assessment year 2024-25. Filing on time can help you avoid penalties and streamline your financial processes.
3. Free Aadhaar Updates: Offer Ends December 14, 2024
Aadhaar card holders can update their demographic details at no cost via the?myAadhaar?portal until December 14, 2024. After this date, updates made at offline centres will incur a fee. Don’t miss this chance to update your Aadhaar information for free.
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4. Special Fixed Deposit Schemes: Invest Before December 31, 2024
Several banks are offering limited-time fixed deposit (FD) schemes with attractive rates that expire at the year’s end:
Consider these options to secure higher interest rates and grow your savings.
5. Axis Bank Credit Card Updates: Effective December 20, 2024
Axis Bank will implement changes to its credit card terms, including:
Evaluate these changes to understand their impact on your credit card usage and plan accordingly.