Question
Download Solution PDFWhich of the following is the correct duration of ‘Financial Year 2022 - 23’ in India?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 1 April 2022 to 31 March 2023.Key Points
- The financial year in India starts on 1 April and ends on 31 March of the next year.
Additional Information
- The financial year in India is important for businesses, individuals, and the government as it is used for taxation purposes and financial reporting.
- The Indian financial year is different from other countries such as the United States, where the financial year starts on 1 October and ends on 30 September.
- The Indian financial year was previously known as the 'Previous Year' and was changed to 'Assessment Year' in 1961 after the Income Tax Act came into effect.
Last updated on Jun 11, 2025
-> The SSC CGL Notification 2025 has been released on 9th June 2025 on the official website at ssc.gov.in.
-> The UPSC Prelims Result 2025 and UPSC IFS Result 2025 has been released @upsc.gov.in
-> The SSC CGL exam registration process is now open and will continue till 4th July 2025, so candidates must fill out the SSC CGL Application Form 2025 before the deadline.
-> This year, the Staff Selection Commission (SSC) has announced approximately 14,582 vacancies for various Group B and C posts across government departments.
-> The SSC CGL Tier 1 exam is scheduled to take place from 13th to 30th August 2025.
-> Aspirants should visit ssc.gov.in 2025 regularly for updates and ensure timely submission of the CGL exam form.
-> Candidates can refer to the CGL syllabus for a better understanding of the exam structure and pattern.
-> The CGL Eligibility is a bachelor’s degree in any discipline.
-> Candidates selected through the SSC CGL exam will receive an attractive salary. Learn more about the SSC CGL Salary Structure.
-> Attempt SSC CGL Free English Mock Test and SSC CGL Current Affairs Mock Test.
-> Candidates should also use the SSC CGL previous year papers for a good revision.