
Financewithmeghabung
March 1, 2025 at 04:32 PM
*5 Changes Impacting Your Wallet in March:*
1. *Tax-saving Investments*: March 31 is the last day to make tax-saving investments under Section 80C if you're opting for the old tax regime.
2. *Tax Planning*: Avoid last-minute rush—start now! Invest in PPF, NPS, SSY, ELSS, EPF, and life insurance to maximize tax benefits.
3. *Tax Harvesting*: Offset capital gains by selling underperforming investments to minimize your tax liability.
4. *Special Tenure FDs*: Lock in higher interest rates with special FD schemes before March 31, following RBI’s recent rate cut.
5. *Advance Tax*: Pay your fourth instalment i.e. 100% of due on or before March 15. Failure to pay or delayed payments will attract a penalty interest.
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