Key Takeaways
- Form 15G/H should be submitted early to prevent unnecessary TDS on income.
- Nominee updates on insurance and investments are critical — review at least annually.
- Step up your SIP every year to match income growth — even small increases compound significantly.
- NPS 80CCD(1B) gives a ₹50,000 deduction available even under the new tax regime.
- Review your term insurance cover every 3–5 years — your income growth must be reflected in your cover.
Introduction
June 30 is a critical financial checkpoint that most people miss until it is too late. TDS deductions may have already happened on your investments. Your health insurance may have missed the best upgrade window. Your SIP may still be at last year's amount. Here are 10 money moves to complete before June 30 — each one takes less than an hour and the impact lasts all year.
What Important Financial Tasks Should I Complete Before June 30 in India?
- Download your CAMS/KFintech capital gains statement — Deadline: Before ITR filing (July 31). Why: You need this to file ITR-2 accurately. Do not wait until July to discover missing data.
- Submit Form 15G or Form 15H — Deadline: As early as possible in FY 2026-27. Why: From FY 2026-27, a single Form 15G/H submission via NSDL/CDSL depositories covers all financial instruments — verify the current process at NSDL. Submitting early prevents TDS deduction on your interest and dividend income.
- Review your health insurance after IRDAI changes. Why: New rules on PED waiting, co-pay, and AYUSH coverage may give you better options. Review and upgrade if needed before your next renewal date.
- Audit your mutual fund portfolio for overlap. Why: Holding multiple funds tracking the same stocks gives false diversification. Use AMFI monthly portfolio data to check and consolidate.
- Increase health insurance sum insured. Why: If GST removal on premiums is confirmed, this is the most cost-effective time in years to upgrade your cover. Review with Inbest before your renewal.
- Update nominee details on all policies and investments. Why: Outdated nominees (e.g., a deceased parent or unmarried name after marriage) can cause claim rejection. Update at insurer portal, fund house portal, or via Bima Sugam.
- Start or step up your SIP. Why: If you received an increment in April, your SIP should reflect your new savings capacity. Even a ₹500/month increase builds significantly more corpus over time.
- Check your NPS contribution. Why: ₹50,000 NPS contribution is deductible under Section 80CCD(1B) even under the new tax regime. If you have not contributed yet this year, start now.
- Review your term insurance sum assured. Why: Has your income grown significantly since you bought your term plan? Your cover should ideally be 10–15 times your annual income. Upgrade if under-insured.
- Book your free Inbest financial health check. Why: A 30-minute review with an Inbest advisor in Kolkata, Jaipur, or Bengaluru can identify gaps in your portfolio, insurance, and tax strategy for the full year.
Disclaimer
This blog is for general financial education and awareness only. It does not constitute personalised investment, tax, legal, or insurance advice. Please consult qualified professionals for your specific situation.
Tax treatment depends on your individual tax status, holding period, and applicable tax regime. This blog does not constitute tax advice. Please consult a Chartered Accountant before making tax-related investment decisions.
Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not indicative of future results.
Baid Inbest LLP is an AMFI-registered Mutual Fund Distributor. ARN: 86114. Baid Solutions Insurance Broking Pvt. Ltd. is a Licensed Insurance Direct Broker. IRDAI Registration No.: 831.
Complete all 10 tasks with Inbest's support — write to contactus@inbestnow.com or call +91 99039 21999 to book your free financial review.
