5 Key Money Deadlines Ending in March, 2025: ITR Filing, Special FD Schemes, TDS And More

Key Money deadlines: Multiple money deadlines related to ITR filing, special fixed deposit schemes, tax saving investment instruments, tax deducted at source (TDS) etc, are set to end in March.

As financial year 2024-25 (FY25) draws to close within fifteen days, it is a crucial time to reevaluate your financial goals and complete pending tasks, which cannot be performed on or after 1 April 2025. Keeping track of these important March 2025 money deadlines will also help you avoid late fees and penalties, take advantage of discounts and offers, and be prepared for the next financial year. Here are key personal finance deadlines ending on March 31, 2025.

Special bank FD rates

Several banks' fixed deposit schemes, including the SBI Amrit Vrishti scheme, SBI Amrit Kalash scheme, IDBI Bank-Utsav Callable FD, Indian Bank Special FD, etc, will no longer be available for investment after 31 March 2025. These special FD schemes were launched to bring back investors to the traditional mode of investing. Most of these FD schemes offer FD rates of up to 8% to senior citizen and super senior citizen customers on various tenures. General customers can get up to 7.5% of interest rates under these FD schemes.

Tax-saving investment options

If you are still filing returns under the old tax regime and haven't invested enough to get the benefit of Section 80C, 80D and 80G, then it is the right time to think less and act more! Taxpayers who have chosen old tax regime can reduce their taxable income by investing in tax-saving options before March 31, 2025. Some of these tax-saving instruments are the National Pension System (NPS), Employees' Provident Fund (EPF), Public Provident Fund (PPF), Equity Linked Savings Scheme (ELSS), etc.

Updated ITR

It is the last chance for income tax payers to file their updated Income Tax Returns (ITR-U) for the financial year 21-22 (assessment year 2022-23) on 31 March 2025. ITR-U is filed if a person is willing to correct some mistake he/she made while filing an income tax return earlier. People can also file ITR-U if they feel that they have left out any income in their prior ITR. Income taxpayers have the option to file ITR-U two years from the end of the relevant assessment year to file their

TDS certificate

As per the Income Tax Department's tax calendar, 17 March, ie Monday, is the last day to issue Tax Deducted at Source (TDS) certificates for January 2025. The deadline is for TDS issued for taxes deducted under Sections 194-IA, 194-IB, and 194S.

Challan Cum Statement

March 30 is the last date for several income taxpayers to produce their challan cum statement for several tax deducted under Sections 194-IA, 194-IB, 194M and 194S for February 2025

For Employees' Provident Fund Organisation (EPFO) members, March 15, Saturday, is the last date to link and activate their Universal Account Number UAN to access and manage their provident fund account online. The EPFO offers up to Rs 7 lakh insurance coverage to its members under its EDLI scheme, but it is important for EPFO members to activate their UAN by March 15 to get this insurance benefits. The UAN activation deadline was extended in February, so far there has been no update on its further extension from 15 March deadline.