Financial Year Calendar 2024 25
As we approach the year 2024, it is essential to start planning our finances for the upcoming financial year. This guide will provide you with all the necessary details about the financial year calendar 2024 25.
What is a Financial Year?
A financial year is a period of twelve months that a business or individual uses for accounting purposes. It is used to calculate taxes, financial statements, and budgets. In India, the financial year starts from April 1st and ends on March 31st of the following year.
Financial Year Calendar 2024 25
The financial year calendar 2024 25 will start on April 1, 2024, and end on March 31, 2025. It is essential to keep track of the financial year calendar to plan your finances and taxes accordingly.
List of Events and Festivals in Financial Year Calendar 2024 25
The financial year calendar 2024 25 is filled with various events and festivals that we celebrate in India. Here is a list of some of the major events:
- New Year’s Day – January 1, 2024
- Republic Day – January 26, 2024
- Holi – March 17, 2024
- Good Friday – April 19, 2024
- Independence Day – August 15, 2024
- Gandhi Jayanti – October 2, 2024
- Diwali – November 1, 2024
- Christmas Day – December 25, 2024
- New Year’s Eve – December 31, 2024
Events and Festivals Celebration for Financial Year Calendar 2024 25
Each festival in India has its unique way of celebration. Here is a brief description of how some of the festivals are celebrated in India:
Holi – March 17, 2024
Holi is one of the most colorful festivals celebrated in India. It signifies the victory of good over evil. People smear each other with colored powder, water balloons, and water guns. It is a time to forgive and forget, and people come together to celebrate this joyous occasion.
Diwali – November 1, 2024
Diwali is the festival of lights and is celebrated with great enthusiasm throughout India. People light up their homes with diyas and candles, burst firecrackers, and exchange sweets and gifts. It is a time to celebrate the triumph of light over darkness and good over evil.
Question and Answer
Q. What is the significance of the financial year calendar?
The financial year calendar is significant as it helps individuals and businesses plan their finances and taxes according to the set timeline. It ensures that financial statements, budgets, and taxes are calculated accurately.
Q. Can the financial year be changed?
The financial year can only be changed by the government. The last time the financial year was changed was in 1984 when it was changed from the calendar year to the current April-March cycle.
FAQs
Q. What is the deadline for filing taxes for the financial year 2024 25?
The deadline for filing taxes for the financial year 2024 25 is July 31, 2025.
Q. What are the documents required for filing taxes?
The documents required for filing taxes include PAN card, Aadhaar card, Form 16, bank statements, investment proof, and rent receipts.
With this guide, we hope we have provided you with all the necessary information about the financial year calendar 2024 25. Plan your finances accordingly and make the most of the upcoming financial year.