Important Deadlines: As the month of December begins, numerous significant tax, paperwork, and government scheme deadlines approach. If you have been putting off responsibilities such as PAN-Aadhaar linkage, ITR filing, advance tax, ITR returns, or corrections, now is the time to act. All of these dates have a direct impact on your banking, investing, and tax situation. As a result, timely completion is critical. So, let’s have a look at the key chores you must do by December 31st, otherwise the government will not give you another opportunity.
Important Deadlines for making advance tax deposits
If your total tax liability after TDS exceeds ₹10,000, you must file your taxes in advance. The deposit date for the third installment is December 15th. Delays in advance tax payments may result in both interest and penalties.
Last Chance to File Belated ITR
If you did not submit your ITR for fiscal year 2024-25 on time, you have until December 31st to file a belated return. However, a late fee will apply. Filing a belated ITR incurs a late cost of ₹5,000 for individuals earning less than ₹5 lakh and ₹5,000 for those earning more over ₹5 lakh. If you do not file your overdue ITR by December 31st, you will be unable to file your return.
Important Deadlines for linking PAN and Aadhaar is December 31.
Those with Aadhaar cards issued on or before October 1st, 2024, must link their PAN to Aadhaar by December 31st, 2025. Failure to do so will result in the PAN being deactivated. Bank services will be impacted, investment and demat transactions will be halted, and ITR filing will be delayed. You can effortlessly link your PAN and Aadhaar numbers via the Income Tax e-filing portal or SMS.
Ration card e-KYC must also be completed by December.
In many states, including Uttar Pradesh, Bihar, and Rajasthan, the ration card e-KYC deadline has been set for December. Failure to complete e-KYC by December could result in a loss of government rations beginning January 2026.
Prime Minister’s Housing Scheme Deadline
The deadline for the PM Housing Scheme, which offers up to ₹2.5 lakh for house development, has been extended to December 31. Interested candidates should apply online using their Aadhaar card, income certificate, and residence certificate.
