Financial Deadlines June 2024: India has numerous important financial deadlines in June 2024, in addition to the much-awaited election results making it a crucial month. Here is a summary of the most important financial deadlines and dates that you should be aware of:
Advance Tax Payment – June 15, 2024
By June 15, taxpayers whose income tax due for the fiscal year exceeds ₹10,000 are required to pay their first installment of advance tax. This covers earnings from a range of sources, including lottery winners and capital gains. It should be noted that seniors who do not have company revenue are not subject to this requirement.
Lok Sabha Election Results – June 4, 2024
With the last round of voting has come to an end, all eyes will be on the election results, which will be declared on June 4. If the BJP-led NDA wins a third term in office, brokers predict a strong surge in the stock market, which could impact your investing choices.
Special Fixed Deposit Schemes – June 30, 2024
Several banks are offering special interest rates on fixed deposits, with a deadline to invest by June 30:
- IDBI Bank: Utsav FDs offer up to 7.7% interest for senior citizens on terms ranging from 300 to 444 days.
- Indian Bank: Special FDs like Ind Supreme and Ind Super provide up to 8% interest for super senior citizens.
- Punjab & Sind Bank: Offers up to 7.25% interest on FDs maturing in 222 to 444 days.
Mutual Fund and Demat Account Nomination – June 30, 2024
Ensure you complete the nomination process for your mutual fund and demat accounts by June 30. Previously set for December 31, 2023, the deadline has been extended, allowing more time to either nominate a beneficiary or formally opt out through a declaration.
Free Aadhaar Card Update – June 14, 2024
Update your Aadhaar card details for free on the myAadhaar site until June 14. After this date, a charge of Rs.50 will apply for updating proof of identity and address.
Swiggy HDFC Bank Credit Card Cashback – June 21, 2024
Starting June 21, cashback from the Swiggy HDFC Bank credit card will be directly adjusted against the following month’s card statement balance, streamlining the benefit redemption process.
It’s imperative that you meet these deadlines if you want to handle your money this month. To avoid any last-minute difficulties, make sure you fulfil these dates by marking your calendars.
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