The month of March started with many major changes (Rule Change in March), along with this, this last month of the current financial year is also the last chance for many important tasks with your financial health. These include work related to Employees Provident Fund Organization (EPFO) to Income Tax Return (ITR). Yes, where the last date to file updated ITR is 31 March, which is also close to UAN Activation’s deadline to manage its PF account. Let us know in detail about these three important tasks …
First Task: ITR-U File
The first and essential work is to file updated ITR, whose last date has been fixed by the Income Tax Department 31 March 2025. If you have made some mistakes while filing income tax return (ITR) for FY22-23 and want to improve them. Or if any major information related to income has been missed during the filing, then there is a chance to update it to this deadline. In such a situation, it would be better that you handle this important work today without waiting for the last date.
Second work: Tax Savings Investments
You can claim during ITR by investing in some savings schemes till 31 March 2024 to invest and claim to be invested to save tax. For this, you can invest in all government saving schemes. For this, options like NSC, Sukanya Samriddhi Yojana, PPF, NPS are available. Under the Income Tax Act, you can get tax benefits under Section 80C, 80D and 80CCD-1B. It should be noted here that these are necessary for the Old Tax Resetam and if you do not do so, the liability of taxpayers who choose this regime can increase.
Third work: UAN Activation
The last chance to complete this month is one of the work related to EPFO. In fact, to manage their PF Account to the employed people, activate their universal account number (UAN) and the deadline of Aadhaar Link to Aadhaar is 15 March 2025, which is very close. There are many benefits of activating UAN and all the online services of EPFO can be taken advantage of by doing this work.
Significantly, the EPFO had announced to pursue the deadline of this work in the last week of the last month. Earlier, the last date for this work was fixed on 15 February. EPFO alerted through social media posts. It is written in the post, ‘Forget anywhere …’, in such a situation, the hope of moving further of this deadline is rarely seen.