5 financial tasks to complete in April to set the course for the new financial year

• Since the new tax regime is now the default tax regime, you need to opt in if you want to choose the old tax regime and get the benefit of tax deductions.
• For those who opt for the old tax regime, April is a good time to start planning their taxes.
• Senior citizens should submit form 15H to avoid TDS deductions on bank deposits if they are below the taxable income threshold.

​Now that the new financial year is here, it is time to complete certain financial tasks so that you are set for the year ahead. Let’s take a look at the five things to do before the month ends.