Financial Year

byPaytm Editorial TeamLast Updated: December 12, 2025

Meaning & Definition

A financial year is a 12-month period used for accounting and tax purposes. In India, it runs from April 1 to March 31. All financial transactions are recorded within this period.

Key Features

  • Basis for tax calculation
  • 12-month accounting period
  • Determines income and expenses
  • Used by businesses and individuals

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

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