Tax
Financial Year and Assessment Year Kya Hai? — Matlab, Definition & Example
Definition
India mein Financial Year April 1 se March 31 tak hota hai. Assessment Year next year hota hai jab previous FY ka ITR file karte ho.
💡 Real Example
Income earned from April 2025 to March 2026 (FY 2025-26) is declared in ITR filed during April-July 2026 (AY 2026-27).
🇬🇧 English Mein (Financial Year (FY) and Assessment Year (AY))
In India, Financial Year runs from April 1 to March 31 (e.g., FY 2025-26 = April 2025 to March 2026). Assessment Year is the next year when you file taxes for the previous FY (AY 2026-27 for FY 2025-26). All tax calculations and deductions are based on the financial year.
❓ Common Questions
Financial Year and Assessment Year kya hai simple words mein?
India mein Financial Year April 1 se March 31 tak hota hai. Assessment Year next year hota hai jab previous FY ka ITR file karte ho.
Financial Year and Assessment Year ka ek example do?
Income earned from April 2025 to March 2026 (FY 2025-26) is declared in ITR filed during April-July 2026 (AY 2026-27).
Financial Year (FY) and Assessment Year (AY) ko English mein kya kehte hain?
English mein ise Financial Year (FY) and Assessment Year (AY) kehte hain. In India, Financial Year runs from April 1 to March 31 (e.g., FY 2025-26 = April 2025 to March 2026). Assessment Year is the next year when you file taxes for the previous FY (AY 2026-27 for FY 2025-2