Many changes will happen from next month, know what will affect you

If you have not yet filed the income tax return for 2021-22, then you can file it till december 31 with a fine. The last month of the year will start from the day after tomorrow. In such a situation, there are many things that you will have to do this month. Along with this, some changes will also happen from december 1.

If you have not yet filed the income tax return for 2021-22, then you can file it till december 31 with a fine. If your total income is less than Rs 5 lakh, then you will have to pay a penalty of Rs 1,000. If the total income exceeds Rs 5 lakh, the penalty amount will increase to Rs 5,000.

The third installment of advance tax: The last date for filing the third installment of advance tax for 2022-23 is december 15. Those whose annual income tax is more than Rs 10,000, have to deposit advance tax. If by december 15, they do not deposit 75 percent tax in advance or deposit less tax, then one percent interest will be charged.

Correction of mistake in IT return: It is possible that you have filled the income tax return for the financial year 2021-22 and there has been a mistake in it. In such a situation, you can file a revised return by 31 December. After this, the mistake will not be rectified. Because of this, you may get a notice from the Income Tax Department.

Then will not be able to submit a life certificate

Those taking pensions from the government have to submit a life certificate every year. The last date to submit it is november 30. Those who have not submitted the life certificate by the end of this month may face inconvenience in doing so from December 

gas price changes

CNG and PNG prices change on the first date or first week of every month across the country. In such a situation, it may or may not change with the increase or decrease in prices on a given date.

Holidays will start at banks

Banks will remain closed for 13 days next month. Among the 13 days of bank holidays, the second and fourth Saturdays and all Sundays are weekly holidays. Christmas, the last day of the year, and Guru Gobind Singh Ji's birthday are also coming in december, on this day there is a holiday in banks.