June 2023 is an important month from a personal finance point of view as there are some important tasks to be completed in the month ranging from PAN-Aadhaar linking to applying for higher EPF pension. Check crucial personal finance-related deadlines that fall in the month of June that you should be aware of
The Income Tax department has made it mandatory to link permanent account number (PAN) with Aadhaar by June 30, 2023. While the deadline to link the two without any fine has ended, taxpayers can do the same by paying a fine of Rs 1,000. This can be done on the National Securities Depository Limited (NSDL) portal by paying the amount under Challan No. ITNS 280 with Major head 0021 (Income Tax Other than Companies) and Minor head 500 (Other Receipts)
The deadline for subscribers to opt for higher pensions will end on June 26, 2023. The EPFO has allowed subscribers to go beyond the pensionable salary capped at Rs 15,000 a month on which employers deduct a sum equal to 8.33% of the 'actual basic salary' towards pension under EPS. An employee and employer can sign up together, requesting the EPFO to deduct 8.33% of the higher monthly basic salary, thus ensuring larger accumulation towards pension
The Reserve Bank of India (RBI) set the deadline for banks to complete the phased renewal of new locker agreements by December 31, 2023. But banks will have to follow the milestones of 50% enrollments by June 30, 2023, and 75% by September 30, 2023
The Unique Identification Authority of India (UIDAI) has made document update facility for Aadhaar free till June 14, 2023. However, this service is free only on myAadhaar portal and attracts a fee of Rs 50 at physical Aadhaar centres
June 7, 2023, is the due date for the deposit of tax deducted/collected for the month of May 2023. However, all sums deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day when tax is paid without the production of an income tax challan
June 14, 2023, is the due date for the issue of the TDS Certificate for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in the month of April 2023. June 30, 2023 is the due date furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194M and 194S in May 2023
June 15, 2023 is the due date for furnishing Form 24G by an office of the government where TDS/TCS for the month of May 2023 has been paid without the production of a challan. Also, quarterly TDS certificates (in respect of TDS for payments other than salary) for the quarter ended March 2023 must be paid by June 15. This is also the deadline for the first instalment of advance tax for the assessment year 2024-25
June 29 is the due date for e-filing a statement (in Form No. 3CEK) by an eligible investment fund under section 9A in respect of its activities in the financial year 2022-23. June 30, 2023 is the due date for return in respect of securities transaction tax for the financial year 2022-23
Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2023, should be done by June 30, 2023. The statement must also be furnished by June 30 (in Form No. 64C) by Alternative Investment Fund (AIF) to unit holders in respect of income distributed during the previous year 2022-23
June 30 is also the deadline for furnishing of statement of income distributed by the business trust to its unit holders during the financial year 2022-23. This statement is required to be furnished to the unit holders in form No. 64B