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.

You May Also Like

Risk AppetiteOctober 16, 2025

Meaning Understanding risk is crucial for any decision-making process, whether personal or business-related.Definition Risk Appetite defines the level…

Payment Service Provider (PSP)Last Updated: October 21, 2025

Meaning PSP stands for Payment Service Provider. A Payment Service Provider, is an entity that enables merchants to…

TDR: Term Deposit ReceiptLast Updated: October 14, 2024

What is TDR? TDR stands for Term Deposit Receipt. It refers to a financial document that represents a…

UPI Fraud DetectionLast Updated: October 21, 2025

Definition UPI Fraud Detection is the system used to identify and prevent fraudulent or suspicious transactions in real…

FPI (Foreign Portfolio Investment)November 7, 2025

Meaning Foreign Portfolio Investment (FPI) enables overseas investors to participate in a country’s financial markets for financial gain.Definition…

Surrender ValueOctober 16, 2025

Meaning Surrender Value refers to the amount an policyholder or investor receives if they choose to terminate an…