Money Calendar for 2025: Budget, ITR Deadlines, Aadhaar-PAN Linking – Key Dates to Remember

As we are about to usher in 2025, it’s crucial for taxpayers, businesses, and financial enthusiasts to stay on top of important financial dates. From the Union Budget to Income Tax Return (ITR) deadlines and mandatory Aadhaar-PAN linking, here’s a list of key dates to mark in your calendars for 2025.

Union Budget 2025

Date: February 1, 2025

The Union Budget, presented by the Finance Minister, will set the government’s financial agenda for the upcoming fiscal year. It is one of the most awaited events for taxpayers, businesses, and investors alike.

Economic Survey 2025

Date: January 31, 2025

The Economic Survey, typically presented a day before the Union Budget, provides a comprehensive review of the country’s economic performance. This sets the stage for the Budget and highlights key economic trends and projections.

Aadhaar-PAN Linking Deadline

Date: March 31, 2025

It is mandatory to link your PAN card with Aadhaar by this date. Failing to do so will result in the deactivation of your PAN, impacting your ability to file tax returns, conduct financial transactions, and more.

Income Tax Returns (ITR) Filing Deadlines

Non-Audit Cases (Individuals)Date: July 31, 2025

The deadline to file your income tax returns for FY 2024-25 (AY 2025-26). Missing this deadline could attract penalties.

Audit Cases (Corporate Taxpayers)Date: September 30, 2025

Importance: Corporate taxpayers and audit cases must file their returns by this date to avoid penalties.

Advance Tax Payments

Dates:

   1st Quarter (April - June): June 15, 2025
   2nd Quarter (July - September): September 15, 2025
   3rd Quarter (October - December): December 15, 2025
   4th Quarter (January - March): March 15, 2026

Advance tax is applicable to taxpayers whose liability exceeds Rs. 10,000 in a financial year. Paying your advance tax by the due dates is crucial to avoid interest charges.

GST Annual Return (GSTR-9) Filing

Date: December 31, 2025

Businesses registered under GST must file the annual return for FY 2024-25 by this date. This filing consolidates the quarterly returns filed throughout the year.

TDS/TCS Returns Filing

Dates:

   1st Quarter (April - June): July 31, 2025
   2nd Quarter (July - September): October 31, 2025
   3rd Quarter (October - December): January 31, 2026
   4th Quarter (January - March): May 31, 2026

TDS/TCS returns are due quarterly for all entities responsible for deducting or collecting tax at source. These returns must be filed to avoid penalties.

EPF Contribution for March 2025

Date: April 15, 2025

Employers and employees need to ensure that their contributions to the Employees’ Provident Fund (EPF) for the financial year ending March 2025 are made by this date.

Tax Saving Investment Deadline

Date: March 31, 2025

To claim tax benefits under sections like 80C (for investments in PPF, ELSS, etc.), taxpayers must make investments by the end of the financial year.

Deadline for Filing Tax Audit Report

Date: September 30, 2025

Businesses and individuals with tax audit requirements must submit their tax audit report by this date to comply with the Income Tax Act.

Filing of Reconciliation Statement (Form 3CD)

Date: September 30, 2025

Taxpayers subject to a tax audit need to file the Form 3CD reconciliation statement, which must be submitted along with the tax audit report.

Mutual Fund Taxation and Dividend Distribution

Dates: Announced quarterly

Dividends from mutual funds are subject to tax, and fund houses announce dividend payments based on their earnings each quarter. Keep track of tax rates on dividends and capital gains from mutual funds throughout the year.

PPF and Sukanya Samriddhi Scheme Contributions

Date: March 31, 2025

To claim the tax deduction under Section 80C, contributions to Public Provident Fund (PPF) and the Sukanya Samriddhi Scheme must be made by the financial year-end.

Bank and Financial Year-End

Date: March 31, 2025

March 31 marks the close of the financial year for banks and financial institutions. Ensure your financial statements, investments, and other transactions are aligned before the year ends.

FDI Policy Amendments (If any)

Date: As announced by the government

Watch out for any changes in the Foreign Direct Investment (FDI) policy, which may be announced throughout the year, especially in the Budget.

These are the crucial dates to remember in 2025. Keeping track of these dates will help ensure smooth financial operations and tax compliance. Stay organised and avoid penalties by adhering to these timelines.