If you too are leaving any important work to income tax incomplete, then this news is for you only. This time March 31 is the festival of Mahavir Jayanti, but it is also the last day of the financial year (2025-26). Keeping this in view, the government has taken a big decision. All income tax offices across the country will remain open on 31st March in the year 2026. This means that if you have any work in the tax department, you can complete it even on a holiday.

Why was this big decision taken?

31st March is the most important day of any financial year because old accounts are closed on this day. The main objective of the government is that all the pending work to tax should be completed by this date. You can call this the ‘No Backlog Mission’ of the government. The Department wishes that no old work remains pending before the beginning of the next financial year, so that the process of data matching and verification can be completed on time.

Why is this date special for taxpayers?

The deadline of March 31 is very important for a common taxpayer. By this day you have to deposit your advance tax and also finalize your tax saving investments. If you have received any notice from the department or have any old dues, then this is the last chance to settle it. This year this day is even more special because soon after this the tax system of the entire country is going to change.

The whole game will change from April 1

A new income tax law is going to be implemented in the country from next month i.e. 1st April 2026. This new law will replace decades-old rules. The government claims that after this change, paying and understanding taxes will become much easier for the common people. March 31 not only marks the end of a financial year but also marks the beginning of a new era in India’s tax history.

A look at the major changes of Budget 2026-27

Finance Minister Nirmala Sitharaman has made many big announcements in this budget, which will have a direct impact on your pocket. These changes mainly include increasing STT (Security Transaction Tax) on F&O trades and changing the rules of buyback tax. Additionally, the MAT (Minimum Alternate Tax) rate has been reduced to 14% and significant revisions have also been made in TCS rates.

Overall, March 31 is your last chance to complete the work under the old rules. After this, a lot can change from filling the form to the entire process. Therefore, if any of your work is pending, complete it on time without any delay.