The "Last Day Warning"

8 Things You Must Do Before 11:59 PM, March 31.

The clock isn't just ticking; it’s racing. Come April 1st, your opportunity to influence your "Old Regime" tax outgo for this financial year turns into a pumpkin.

1. The 80C/80D Final Call: If you haven’t exhausted your ₹1.5 lakh limit under 80C or your medical insurance under 80D, do it now. An investment made on April 1st is a great start for next year, but it won't save you a single Rupee for today’s bill.

2. The ITR-U "Last Exit": March 31 is the absolute final deadline to file an Updated Return (ITR-U) for FY 2020-21. If you missed a disclosure four years ago, this is your last chance to come clean before the window shuts forever.

3. Strategic Tax Loss Harvesting: Review your portfolio. With the LTCG exemption now at ₹1.25 lakh, you should sell underperforming stocks by March 31 to realize losses. These can offset your gains, effectively lowering your taxable "wealth" income.

4. PPF & NPS Minimums: Ensure the minimum deposit is made to keep your accounts active.

5. Verify Form 26AS: Check for any discrepancies between your TDS and your actual earnings.

6. Rent Receipts & Proofs: Submit your final HRA proofs to your employer to avoid a "tax-heavy" March salary.

7. Clear Outstanding Demands: Check the portal for any minor old tax demands and clear them to avoid 2026 interest rates.

8. Pay your Advance Tax: Check if you are liable to pay Advance tax in order to save interest. Could use the calculator in the link below.

Click here to open our Advance Tax Calculator