1. Income Tax Filing

You may want to consider filing your income tax annually if your earnings exceed the basic exemption limit. It helps maintain compliance and avoid penalties.

2. Tax Deducted at Source (TDS)

TDS might be applicable on certain payments like salary, rent, or professional fees. It's usually deducted by the payer, so reviewing your Form 26AS can be helpful.

3. Advance Tax

If your tax liability exceeds ₹10,000 in a financial year, you might need to pay advance tax in instalments. This ensures smoother cash flow and avoids interest.

4. Deductions & Exemptions

You may wish to explore deductions under sections like 80C, 80D, HRA exemptions, etc — they can significantly reduce your taxable income.

5. Filing Deadlines

While the due date is typically July 31 for individuals, you might benefit from filing earlier to avoid last-minute hassles or late fees.Due date for companies and firm come under audit is 31 Oct.

6. PAN & Aadhaar Linking

Linking PAN with Aadhaar is generally required to ensure your tax records stay valid. It’s a simple process through the Income Tax portal.

7. Tax Notices

In case you receive a tax notice, it’s advisable to consult a professional and respond within the timeframe to avoid escalation and penalty.

8. Capital Gains Tax

If you’re investing in property, stocks, or mutual funds, you may want to be aware of short-term and long-term capital gain taxes and which applicable on selling of investment.