Financial Deadlines for December 2024: The Telecom Regulatory Authority of India (TRAI) has made new rules to deal with spam and phishing messages, which will come into effect from December 1, 2024.
The year 2024 is about to end. Currently the month of December is going on. In the last month of the year 2024, many important financial deadlines are also approaching. If you miss these deadlines, you may face trouble. Therefore, keep these dates in mind and complete the work on time. You will have to complete many financial tasks before the end of the year, such as updating Aadhaar card and filing belated income tax returns etc.
Let us know for which important tasks there is a deadline in December:
1. Deadline for filing income tax return
The last date for filing belated income tax return is December 31, 2024. If you have not filed income tax return (Belated ITR filing) for the financial year 2023-24 by July 31, then you have the last chance in December. If you have not filed your Income Tax Return (ITR) for the financial year 2023-24 by July 31, then do not worry. You still have a chance. You can file belated ITR till December 31, 2024. However, you will have to pay a penalty for late filing. If your total income is less than Rs 5 lakh, then you will have to pay a fine of Rs 1,000. At the same time, if your total income is more than Rs 5 lakh, then you will have to pay a fine of Rs 5,000. So, if you have not filed your income tax return yet, then fill it quickly.
2. Deadline to update Aadhaar card
The last date for free Aadhaar card update is December 14, 2024. You can update information like name, address or date of birth in your Aadhaar card for free till December 14. After this you will have to pay a fee. The Unique Identification Authority of India (UIDAI) has extended the last date to update Aadhaar details for free. Now you can update the information in your Aadhaar card without any charge through a completely online process till December 14.
Even after December 14, you can update the information in your Aadhaar card, but for this you will have to pay a processing fee. Therefore, if you have to update any information in your Aadhaar card (Free Aadhaar card update), then quickly go to the myAadhaar portal and update it.
3. TRAI’s new rule
The Telecom Regulatory Authority of India (TRAI) has made new rules to deal with spam and phishing messages, which will come into effect from December 1, 2024. Due to these new rules, OTP service may be affected for some time. However, TRAI assured on Friday that there will be no delay in OTP service after the new rules come into force.
4. Deadline for depositing advance tax
15 December 2024: 75% of the estimated income for the financial year has to be deposited as advance tax. If you have not yet deposited advance tax for the financial year 2023-24, then note that 15 December 2024 is the last date. Please note that advance tax is the tax levied on your estimated annual income. It has to be deposited in four installments:
15 June: 15% of the total tax
15 September: 45% of the total tax
15 December: 75% of the total tax
15 March: 100% of the total tax
If you have not deposited the third installment yet, then do it quickly, otherwise you may have to pay a fine.
5. Last date for special FD investment
The month of December is about to end and the deadline for some special FD schemes is also ending. If you want to invest in these fixed deposit schemes, then hurry up, because December 31, 2024 is the last date.
IDBI Bank Utsav FD:
These FDs with special tenures of 300, 375, 444 and 700 days can give you attractive returns.
The interest rates for the general public are 7.05%, 7.25%, 7.35% and 7.20% for tenures of 300 days, 375 days, 444 days and 700 days respectively.
For senior citizens, the interest rates for these tenures are 7.55%, 7.75%, 7.85% and 7.70% respectively.
Punjab National Bank Special FD:
Punjab National Bank is also offering several special FD schemes with different tenures.
Interest Rate: The bank offers an interest rate of 7.20% on special deposits for a tenure of 333 days.
If you want to invest in these special FD schemes then hurry up as the last date is December 31, 2024.
