7 income tax and personal finance tasks to do in April 2025

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Compare tax regimes

The tax slabs and rates in the new regime are changing. Compare old and new regimes and declare what suits you the best for your employer.

Plan ahead

Plan your taxes for the entire financial year in April instead of waiting until the end. Consult an expert if you have income from multiple sources.

Tax-saving investment

Make a tax-saving investment to earn interest for the entire year. The best time to invest in small savings schemes like PPF is before April 5.

Insurance deduction

Check whether you are adequately covered by health insurance. If not, buy a new plan or revise your existing plan. The premium paid can help you claim deductions.

Review your investment portfolio

The new financial year is a good time to review your investment portfolio. Check what worked and didn't in the previous year and make necessary adjustments.

Collate documents

Start preparations for ITR filing in July. Collate all your income and investment documents for FY 2024-25 or consult an expert to avoid tax notices in the future.

Mistakes and learnings

Lastly, recall the personal finance mistakes you made in FY 2024-25 and make sure not to repeat them in the new financial year.

5 takeaways from the book Financial Intelligence

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