Your Money Calendar
for FY 2026–27

Choose your tax regime

Old vs New — decide and submit your investment declaration to your employer immediately. Delaying means higher TDS all year.

Submit Form 121 (earlier 15G/15H)

Prevent unnecessary TDS on interest income. Submit to your bank before April ends.

Check if your salary has changed

The New Wage Code restructures salary — Basic must be at least 50% of CTC. Your in-hand pay may be lower but PF contribution higher. Check your April payslip carefully and update your monthly budget.

Update your Will and nominations

New financial year, fresh start. One outdated nominee can undo years of careful planning.

Review insurance coverage

New baby, new home, new job? Your life cover (target: 10–12x annual income) and health cover need to keep pace.

Akshaya Tritiya — April 19

Auspicious day to buy gold. Prefer Gold ETF or Sovereign Gold Bond over physical gold. Maintain allocation — don't splurge.

Download your AIS

Check your Annual Information Statement for discrepancies now. A mismatch found in May is a crisis avoided in July.

List every income source

Salary, interest, capital gains, rent, dividends, freelance — the taxman sees everything. Make sure your list matches.

Got a raise? Step up your SIP

Don't let a hike become lifestyle inflation. Top up your SIP before the new salary feels normal.

Recalculate monthly surplus

If your take-home dropped due to the new wage code, recalculate your monthly investable surplus. Don't reduce SIPs — cut discretionary spend instead.

Advance Tax Round 1 — June 15 (15%)

Pay at least 15% of your estimated annual tax liability. Interest on delay runs at 1% per month under Section 234C.

Download Form 130 (earlier Form 16)

Employers must issue by June 15. Download, verify against your payslips, and check against your AIS.

Changed jobs or got a bonus?

Recalculate your advance tax. Non-salary income like freelance or capital gains is easy to forget and expensive to miss.

File your ITR by July 31

File early — don't wait for July 30. Late filing attracts ₹5,000 penalty and blocks loss carry-forward benefits.

Match AIS, Form 168 and Form 130

A mismatch between your records and the government's is the #1 trigger for scrutiny notices. Verify everything first.

NRI status change?

Returned to India unexpectedly? Your residency status may have changed, affecting which income is taxable. Check before filing.

Are you financially independent?

Calculate your FIRE number: annual expenses × 25. On track? If not, August 15 is as good a day as any to restart.

Last call for non-audit filing — August 31

Missed July 31? This is your final chance without a ₹5,000 penalty for non-audit cases.

Start a SIP for someone who needs it

A ₹500/month SIP for your household staff started today can genuinely transform their financial life in 20 years.

Advance Tax Round 2 — September 15 (45%)

Must be at 45% of annual liability. Paid too little in June? Top it up now to avoid compounding interest charges.

Mid-year portfolio review

Halfway through FY 2026-27. Is your portfolio aligned to your goals? Review allocation, prune laggards, realign targets.

Review joint accounts and nominees

A nominee from years ago may no longer reflect your intentions. Update insurance, bank, and mutual fund nominees.

Festive season — celebrate wisely

Diwali deals are tempting. Your emergency fund is not a shopping budget. EMI is fine only if you can clear it by November.

Check all nominees again

Insurance policies, mutual funds, bank accounts — one outdated nominee can undo everything. Review and update.

Wage code check — review your PF

Higher Basic = higher PF. Check if the deduction is eroding your budget more than expected. You may need to rebalance savings vs expenses.

Diwali — joy not debt

Emergency fund is off-limits. Credit card is fine only if you can clear it fully in December.

Children's Day — November 14

Open a mutual fund account in your child's name. Teach them about money before the world teaches them the wrong lessons.

Submit investment proof to employer

Get 80C, 80D, HRA, and other declarations ready now. Your employer needs them in December for final TDS adjustment.

Advance Tax Round 3 — December 15 (75%)

Three quarters of tax must be paid. Three quarters of the year gone. Run the numbers and top up if needed.

Year-end review — do it now, not March

Review fund performance, check allocation drift, book tax losses, plan rebalancing. No surprises allowed in March.

Belated return deadline — December 31

Missed July AND August deadlines? File now with ₹5,000 late fee. Don't carry this problem into the new year.

Set specific financial goals

Not "save more" — but "increase SIP by ₹2,000 every quarter." Specific goals get achieved. Vague ones get forgotten by February.

Book your annual health check

Your health insurance likely covers a free annual check. Book it in January, not December when you finally remember.

Submit investment declarations early

Your employer needs proof for TDS recalculation in Feb-March. Get ahead of the deadline.

Union Budget — February 1

Review every announcement carefully. Tax slab changes, regime tweaks, new deductions — may require revisiting your employer declaration.

Valentine's Day — February 14

The best gift to a partner is a clear joint financial plan. Review shared goals, insurance, and nominees together.

Final salary TDS check

Confirm your employer has correctly adjusted TDS for the full year. A shortfall means a tax demand. An excess means a slow refund after July.

Advance Tax Final — March 15 (100%)

Full annual liability due. Last chance to book capital losses or lock in gains before the financial year ends.

80C, 80D, NPS — closes March 31 at midnight

ELSS, PPF, health insurance premium, NPS contribution — act before 11:59 PM on March 31. After that, the deduction is gone.

Revise your ITR by March 31

Last chance to correct errors in your AY 2026-27 return. After March 31 it cannot be revised.