Financial Deadlines September 2025: Complete these 5 important tasks related to tax and money in September, otherwise you may face problems..
The month of September is not only a festive season for you but also a time to complete many important tasks related to money. This month, you have to pay attention to deadlines like filing income tax returns, changes in GST rates, the opportunity to switch from NPS to UPS, re-KYC of Jan Dhan accounts, and special FD schemes. If you do not do these tasks on time, then you may have to face trouble later.
Therefore, it is important that you pay attention to these deadlines and changes from now on and get them done within the stipulated time limit. Know which important tasks are to be completed this September. Here we are going to tell you about 5 such important tasks which you should complete this month.
1. Last date for filing Income Tax return
If you are an individual taxpayer or HUF and you do not need to get audited, then you have the last date to file your income tax return (ITR Filing Deadline) till 15 September 2025. Earlier, this deadline was 31 July, which has been extended to 15 September.
2. Big change in GST rates
The GST Council meeting will start today, i.e., 3 September, and will continue till 4 September in Delhi. In this, the central government has suggested two slabs, i.e., 5% and 18%. The government is planning to change the rate structure, in which the current 4-rate structure will be replaced by a 2-rate structure. The government wants to reduce the current 4 tax slabs to just 2 slabs (5% and 18%). Apart from this, a special tax rate of 40% can be imposed on some things like luxury cars, SUVs, and tobacco products. It is believed that the new GST rates will be announced by 22 September, and they can be implemented from Navratri.
Prime Minister Narendra Modi had announced on 15 August that the government will bring "Next Generation" GST Reforms, which will reduce the tax burden on the common people.
3. Deadline to switch from NPS to UPS
Central government employees have until 30 September 2025 to switch from the National Pension System (NPS) to the Unified Pension Scheme (UPS). The government has clarified that now employees will get only one chance to move out of the Unified Pension Scheme and shift to the National Pension System. This facility will be one-time and one-way.
That is, if an employee switches from UPS to NPS, he will not be able to go back to UPS. This option is only for those employees who have already opted for UPS.
4. Re-KYC of Jan Dhan Account
RBI Governor Sanjay Malhotra had told last month that many Jan Dhan accounts have completed 10 years, and now it is necessary to update KYC (Know Your Customer) again. For this, time has been given till 30 September 2025. Banks have started the facility of re-KYC by setting up camps at the panchayat level.
Re-KYC means that you will have to update the personal and address-related documents given earlier in your bank account (Jan Dhan account update) again. Its purpose is that the bank keeps correct and up-to-date data about you so that your account remains active and there is no problem in the future.
5. Last date of the special FD scheme
Many banks, like Indian Bank and IDBI Bank, are currently running special FD schemes. The last date to invest in Indian Bank's 444 days and 555 days FD and IDBI Bank's 444, 555 and 700 days FD is 30 September 2025. You are getting better interest rate on these FDs.
In such a situation, September 2025 is very important for you. If you complete this work on time, then you can avoid any kind of problem later.
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