Annual Tax Planning Checklist
A practical year-round tax planning checklist for salaried individuals, professionals, and business owners. Covers investment milestones, deduction deadlines, advance tax schedule, ITR filing, and year-end tax saving strategies for FY 2025-26.
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April–June: Investment Planning
Declare investment plan to employer, start LIC/PPF/ELSS investments for the year, review health insurance premiums, assess advance tax liability.
July–September: Mid-Year Review
Review actual vs projected income, adjust advance tax instalments, renew health insurance, review capital gains from equity.
October–December: Year-End Planning
Complete 80C investments (Rs 1.5 lakh), NPS contribution (80CCD), home loan interest calculation, HRA documents.
January–March: Filing Preparation
Collect Form 16, Form 26AS reconciliation, capital gains statement, foreign asset disclosures, and prepare ITR data.
Professional Guidance Note
Tax planning must be aligned with genuine investment needs. Investments made solely for tax saving without consideration of returns, liquidity, and risk profile may not serve long-term financial goals.
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