Now only a few days are left for the end of the financial year 2025-26. Taxpayers have only time till March 31, 2026 to make tax saving investments and complete important tasks. If you are in the old tax regime and want to save tax, then you will have to invest in schemes like PPF, Sukanya Samriddhi and NPS in time. Complete these 5 important tasks before March 31. 1. Deposit the minimum amount in PPF-Sukanya. If you have a Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) account, but have not been able to deposit money in them in this financial year, then deposit some rupees by March 31, 2026 to keep the account active. If money is not deposited in PPF and SSY, these accounts can become inactive (closed). 2. Tax Saving Investment If you have not made tax saving investment yet, you can do it till 31st March. There are many schemes including PPF, Time Deposit and Sukanya Scheme in which you can save tax by investing… 3. Investment proofs to be submitted to the office If you had declared tax saving investments to your office at the beginning of the financial year, now is the time to submit their proofs or documents. Most companies ask for proof of investment in the month of February or March. If you do not submit receipts or certificates on time, the company can deduct more TDS from your salary. Due to this, your in-hand salary for the month of March may reduce significantly. 4. Rebate of up to Rs 75 thousand on health insurance premium: Tax benefit is also available on health insurance premium under Section 80D. You can claim a deduction of up to Rs 25,000 on insurance of yourself, wife and children. If your age is more than 60 years then this limit is Rs 50,000. Apart from this, there is a separate rebate of up to Rs 50,000 for parents on paying premium. That means overall you can save tax up to Rs 75,000. To avail this benefit, the premium will have to be paid before March 31, 2026. 5. Last date to file updated return: March 31 Taxpayers who want to update their income tax returns for the last two years can file the updated return before March 31. To file ‘updated return’ you have to fill a form called ITR-U. In this form, you have to explain why you have filed an updated return, such as missing the deadline, incorrect selection of income, or filling incorrect data in the original return, etc.
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Deposit minimum amount in PPF-Sukanya: Submit investment proof in office, complete these 5 tasks by 31st March
