Financial Year Calendar 2024
As we welcome the new year, itโs important to be aware of the upcoming financial year calendar. This is especially crucial for businesses and individuals who need to plan their finances and taxes accordingly. In this article, we will take a closer look at the Financial Year Calendar for 2024, including important dates, events, and festivals.
What is a Financial Year?
A financial year is a period of 12 months that is used by businesses, governments, and other organizations for accounting purposes. This period is used to calculate taxes, financial statements, and other financial reports. In India, the financial year runs from April 1st to March 31st of the following year.
Financial Year Calendar 2024
The Financial Year Calendar for 2024 is as follows:
- April 1st, 2023 to March 31st, 2024
Important Dates in Financial Year Calendar 2024
Here are some important dates to keep in mind for the Financial Year 2023-2024:
- April 1st, 2023 – Beginning of the financial year
- July 31st, 2023 – Deadline for filing income tax returns for the previous financial year
- September 30th, 2023 – Deadline for filing tax audit reports
- December 31st, 2023 – Deadline for submitting proof of investments for tax deductions
- March 31st, 2024 – End of the financial year
Events and Festivals in Financial Year Calendar 2024
The Financial Year Calendar also includes a number of events and festivals that are celebrated throughout the year. Here are some of the major events and festivals that will take place in 2024:
- January 1st, 2024 – New Year’s Day
- January 26th, 2024 – Republic Day
- February 21st, 2024 – Maha Shivratri
- March 20th, 2024 – Holi
- April 14th, 2024 – Dr. Ambedkar Jayanti
- April 19th, 2024 – Mahavir Jayanti
- April 21st, 2024 – Good Friday
- May 1st, 2024 – Labour Day
- August 12th, 2024 – Bakrid
- August 15th, 2024 – Independence Day
- August 22nd, 2024 – Janmashtami
- September 2nd, 2024 – Ganesh Chaturthi
- October 2nd, 2024 – Gandhi Jayanti
- October 8th, 2024 – Dussehra
- October 27th, 2024 – Diwali
- November 10th, 2024 – Eid-E-Milad
- November 14th, 2024 – Children’s Day
- December 25th, 2024 – Christmas Day
Celebration of Events and Festivals in Financial Year Calendar 2024
Each festival in India has its own significance and is celebrated with great enthusiasm. Here is a brief overview of some of the major festivals that will be celebrated in 2024:
Holi
Holi is a festival of colors that is celebrated in March. People celebrate by throwing colored powder and water at each other, dancing, and feasting on traditional sweets. It is a time to forget differences and come together to celebrate the joy of life.
Diwali
Diwali is a festival of lights that is celebrated in October or November. It is a time to celebrate the victory of good over evil and light over darkness. People light candles and diyas, decorate their homes with rangolis, and exchange gifts and sweets with friends and family.
Ganesh Chaturthi
Ganesh Chaturthi is a festival that celebrates the birthday of Lord Ganesha, the god of wisdom and prosperity. People install idols of Lord Ganesha in their homes and community pandals and offer prayers and sweets. The festival ends with the immersion of the idols in water bodies.
FAQs
What is the Financial Year 2024?
The financial year 2024 runs from April 1st, 2023 to March 31st, 2024. It is a period of 12 months that is used by businesses, governments, and other organizations for accounting purposes.
What are the important dates in Financial Year Calendar 2024?
Some important dates in Financial Year Calendar 2024 include April 1st, 2023 (beginning of the financial year), July 31st, 2023 (deadline for filing income tax returns), September 30th, 2023 (deadline for filing tax audit reports), December 31st, 2023 (deadline for submitting proof of investments for tax deductions), and March 31st, 2024 (end of the financial year).
What festivals are celebrated in Financial Year Calendar 2024?
Some of the major festivals celebrated in Financial Year Calendar 2024 include Holi, Diwali, Ganesh Chaturthi, and Christmas Day.
As we can see, the Financial Year Calendar 2024 is packed with important dates, events, and festivals. It is important to be aware of these dates and plan accordingly to avoid any last-minute rush or penalties. We hope this article has provided you with a comprehensive guide to the Financial Year Calendar 2024.