By Admin 
Financial Tasks BbeforeMarch 31: Before the start of the new financial year 2026-27, it becomes important for taxpayers to complete some important financial tasks. Because there is not much time left for the end of the current financial year 2025-26.
In such a situation, by taking some important steps before March 31, 2026, people can save tax and also avoid penalty. Let us know which tasks should be completed on time, so that there is no problem in future…
Submit documents related to investment
If an employee had given information about various investments to his employer at the beginning of the year to save tax, then it is necessary to submit the proof before the end of the financial year.
Generally this work should be completed before March 31. If the employee does not submit the investment related documents on time, the company can deduct more TDS from his salary. Due to which there can be a possibility of financial loss.
It is necessary to pay advance tax on time
It is mandatory for taxpayers whose total tax liability exceeds Rs 10,000 to pay advance tax. The last date for this has been fixed as 15 March 2026.
If a person does not deposit advance tax by this stipulated time, he may have to face additional interest and penalty later. Therefore, it is considered necessary to fulfill this responsibility before the end of the financial year.
You can invest in these schemes to save tax
People opting for the old tax system can get tax relief by investing money in some special savings schemes. Under income tax rules, exemptions are available on such investments, which include schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Savings Certificate (NSC).
Investing in these schemes can reduce tax liability. At the same time, to keep the accounts active, it is also necessary to deposit a fixed minimum amount every year. All this information must be obtained before the end of the financial year.
Tax relief is also available on health insurance
Taxpayers get the benefit of exemption under Section 80D on paying the premium of health insurance policy. Under this provision, a person can get a maximum rebate of up to Rs 25,000 on the premium paid for himself and his family.
Whereas if the age of the insured person is more than 60 years, then this limit goes up to Rs 50,000. Apart from this, additional discount is also available on the health insurance premium of parents. Which provides relief in tax.
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