Money deadlines in March 2024: As the present monetary yr is about to finish, it is essential not to miss essential deadlines that might have an effect on your funds. These dates contain laws that taxpayers and traders should adhere to, in order to keep away from penalties or fines for lacking them. As per an ET report, listed here are some key dates in March 2024 to maintain in thoughts.
Free Aadhaar updation: Deadline – March 14
You have till March 14, 2024, to replace your Aadhaar card for free on the myAadhaar website.After this date, there can be a cost for updating your proof of identification and deal with documentation.
This extension was introduced by the UIDAI in a memorandum on December 11, 2023. The free replace facility can be obtainable by the myAadhaar portal till March 14, 2024.
SBI Amrit Kalash Special FD – March 31
This scheme gives a particular tenor of 400 days with an rate of interest of seven.10% ranging from April 12, 2023. Senior residents are eligible for the next rate of interest of seven.60%. The scheme will stay legitimate till March 31, 2024, as per data obtainable on the SBI web site.
ALSO READ | Financial year-end tax planning: Why the time to speculate in tax-saving mounted deposits is now – FD charges in contrast
SBI WeCare Senior Citizen FD – March 31
Senior residents can avail themselves of the SBI WeCare scheme providing an rate of interest of seven.50%.
SBI Home Loan Interest Rate Concession – March 31
The particular marketing campaign low cost on SBI house loans is obtainable till March 31, 2024. This low cost applies to all sorts of house loans, together with flexipay, NRI, non-salaried, privilege, and Apon Ghar. The rate of interest on these loans varies relying on the borrower’s CIBIL rating.
For debtors with a CIBIL rating between 750 and 800, the common rate of interest is 9.15%. However, in the course of the supply interval, this price is decreased to eight.60%, representing a concession of 55 foundation factors (bps).
For debtors with a CIBIL rating between 700 and 749, the common rate of interest is 9.35%. With the low cost, this price is lowered to eight.70%, ensuing in a concession of 65 bps.
Paytm Payments Bank – March 15
The Reserve Bank of India (RBI) has prolonged sure timelines for Paytm Payments Banks associated providers. Previously, the central financial institution had prohibited Paytm Payments Bank from accepting recent deposits or top-ups ranging from February 29, 2024, because of persistent non-compliance and supervisory issues.
However, this deadline has now been prolonged by 15 days to March 15, 2024. After this date, no additional deposits, credit score transactions, or top-ups can be permitted, apart from cashbacks and refunds, as acknowledged in the RBI press launch.
IDBI Bank Special FD – Utsav Callable FD – March 31
IDBI Bank’s Utsav Callable FD supplies larger rates of interest for particular tenures: 300 days, 375 days, and 444 days, providing charges of seven.05%, 7.10%, and seven.25% respectively. This supply is legitimate till March 31, 2024.
Additionally, IDBI Bank has launched a brand new providing referred to as the “Special Limited Period Callable FD Offer of 300 Days” with peak charges of seven.55% every year. This initiative falls below the Utsav FD scheme and is designed for patrons searching for enticing charges in shorter tenures.
ALSO READ | Can Paytm clients use their Paytm wallets after March 15? FAQs answered
Tax saving – March 31
The deadline to finish your tax-saving train for the fiscal yr 2023–2024 is March 31, 2024, so it is essential to behave promptly if you have not carried out so already.
It’s essential to notice that ranging from April 1, 2023, there have been adjustments to the revenue tax laws with the introduction of the brand new tax regime. This new system is now the default for the fiscal yr 2023–2024. Consequently, if an worker hasn’t chosen a tax regime earlier than April 2023, their employer will deduct tax on their pay (TDS) primarily based on the revenue tax slabs below the brand new tax regime.
New SBI Credit Card minimal quantity calculation rule – March 15
Starting from March 15, 2024, SBI Card will modify the way it calculates the minimal quantity due on a bank card invoice. According to data on the SBI Card web site, the brand new calculation will embrace the Total GST, EMI quantity, 100% of Fees/Charges, 5% of Finance Charge (if any), Retail Spends, Cash Advance (if any), and Overlimit Amount (if any).
Additionally, if the 5% of (Finance Charge + Retail Spends and Cash Advance) is decrease than the Finance Charges, the Minimum Amount Due (MAD) calculation can be revised to incorporate 100% of Finance Charges as an alternative.
Fourth (*9*) of Advance Tax Payment – March 15
Individuals with a internet revenue tax legal responsibility exceeding Rs 10,000 in a monetary yr (FY) are obligated to pay advance tax. Net tax legal responsibility is the estimated tax legal responsibility minus any TDS (tax deducted at supply) in an FY. As per the Income Tax Act, 1961, such people should make 4 specified quarterly funds to keep away from penal curiosity. However, not all people with a internet revenue legal responsibility above Rs 10,000 in an FY are required to pay advance tax, as sure exemptions are allowed below revenue tax legal guidelines.
For the present FY 2023-24 (AY 2024-25), people have to make the primary advance tax fee by June 15, the second by September 15, the third by December 15, and the ultimate fee by March 15.
Free Aadhaar updation: Deadline – March 14
You have till March 14, 2024, to replace your Aadhaar card for free on the myAadhaar website.After this date, there can be a cost for updating your proof of identification and deal with documentation.
This extension was introduced by the UIDAI in a memorandum on December 11, 2023. The free replace facility can be obtainable by the myAadhaar portal till March 14, 2024.
SBI Amrit Kalash Special FD – March 31
This scheme gives a particular tenor of 400 days with an rate of interest of seven.10% ranging from April 12, 2023. Senior residents are eligible for the next rate of interest of seven.60%. The scheme will stay legitimate till March 31, 2024, as per data obtainable on the SBI web site.
ALSO READ | Financial year-end tax planning: Why the time to speculate in tax-saving mounted deposits is now – FD charges in contrast
SBI WeCare Senior Citizen FD – March 31
Senior residents can avail themselves of the SBI WeCare scheme providing an rate of interest of seven.50%.
SBI Home Loan Interest Rate Concession – March 31
The particular marketing campaign low cost on SBI house loans is obtainable till March 31, 2024. This low cost applies to all sorts of house loans, together with flexipay, NRI, non-salaried, privilege, and Apon Ghar. The rate of interest on these loans varies relying on the borrower’s CIBIL rating.
For debtors with a CIBIL rating between 750 and 800, the common rate of interest is 9.15%. However, in the course of the supply interval, this price is decreased to eight.60%, representing a concession of 55 foundation factors (bps).
For debtors with a CIBIL rating between 700 and 749, the common rate of interest is 9.35%. With the low cost, this price is lowered to eight.70%, ensuing in a concession of 65 bps.
Paytm Payments Bank – March 15
The Reserve Bank of India (RBI) has prolonged sure timelines for Paytm Payments Banks associated providers. Previously, the central financial institution had prohibited Paytm Payments Bank from accepting recent deposits or top-ups ranging from February 29, 2024, because of persistent non-compliance and supervisory issues.
However, this deadline has now been prolonged by 15 days to March 15, 2024. After this date, no additional deposits, credit score transactions, or top-ups can be permitted, apart from cashbacks and refunds, as acknowledged in the RBI press launch.
IDBI Bank Special FD – Utsav Callable FD – March 31
IDBI Bank’s Utsav Callable FD supplies larger rates of interest for particular tenures: 300 days, 375 days, and 444 days, providing charges of seven.05%, 7.10%, and seven.25% respectively. This supply is legitimate till March 31, 2024.
Additionally, IDBI Bank has launched a brand new providing referred to as the “Special Limited Period Callable FD Offer of 300 Days” with peak charges of seven.55% every year. This initiative falls below the Utsav FD scheme and is designed for patrons searching for enticing charges in shorter tenures.
ALSO READ | Can Paytm clients use their Paytm wallets after March 15? FAQs answered
Tax saving – March 31
The deadline to finish your tax-saving train for the fiscal yr 2023–2024 is March 31, 2024, so it is essential to behave promptly if you have not carried out so already.
It’s essential to notice that ranging from April 1, 2023, there have been adjustments to the revenue tax laws with the introduction of the brand new tax regime. This new system is now the default for the fiscal yr 2023–2024. Consequently, if an worker hasn’t chosen a tax regime earlier than April 2023, their employer will deduct tax on their pay (TDS) primarily based on the revenue tax slabs below the brand new tax regime.
New SBI Credit Card minimal quantity calculation rule – March 15
Starting from March 15, 2024, SBI Card will modify the way it calculates the minimal quantity due on a bank card invoice. According to data on the SBI Card web site, the brand new calculation will embrace the Total GST, EMI quantity, 100% of Fees/Charges, 5% of Finance Charge (if any), Retail Spends, Cash Advance (if any), and Overlimit Amount (if any).
Additionally, if the 5% of (Finance Charge + Retail Spends and Cash Advance) is decrease than the Finance Charges, the Minimum Amount Due (MAD) calculation can be revised to incorporate 100% of Finance Charges as an alternative.
Fourth (*9*) of Advance Tax Payment – March 15
Individuals with a internet revenue tax legal responsibility exceeding Rs 10,000 in a monetary yr (FY) are obligated to pay advance tax. Net tax legal responsibility is the estimated tax legal responsibility minus any TDS (tax deducted at supply) in an FY. As per the Income Tax Act, 1961, such people should make 4 specified quarterly funds to keep away from penal curiosity. However, not all people with a internet revenue legal responsibility above Rs 10,000 in an FY are required to pay advance tax, as sure exemptions are allowed below revenue tax legal guidelines.
For the present FY 2023-24 (AY 2024-25), people have to make the primary advance tax fee by June 15, the second by September 15, the third by December 15, and the ultimate fee by March 15.
