## 7 Personal Finance Tasks to Tackle in April 2025
The start of the new financial year (2025-26) is the perfect time to get your finances in order. Here are seven key tasks to complete in April 2025:
1. Assess your spending habits, revise your financial goals, and create or adjust your investment strategy for the year.
2. Consider the new tax slab rates and plan your taxes accordingly, choosing the tax regime that benefits you most. Even with the new regime, carefully evaluate the merit of various tax-saving investments.
3. If eligible (income below the taxable limit), submit these forms to prevent TDS deductions on interest income. Form 15G is for individuals under 60, and Form 15H is for those 60 and above.
4. Consider making early investments in Public Provident Fund (PPF) and National Pension System (NPS) to maximize potential returns. Keep in mind that these investments don’t offer tax deductions under the new tax regime.
5. Begin gathering necessary documents for Income Tax Return (ITR) filing for AY 2025-26 (FY 2024-25), including income proofs, investment documents, and foreign income details.
6. Exercise caution when buying gold for investment purposes during Akshaya Tritiya (April 30, 2025), considering the high gold prices. Limit your gold allocation to no more than 10% of your portfolio.
7. Plan and book summer vacation travel arrangements in advance to avoid inflated prices for tickets and hotels.