When Does The New Financial Year Start 2024. Fiscal year vs assessment year in. Before processing pay runs for the new financial year, ensure employees’ salary and wages, tax codes and esct rates are up to date.
The current tax year ends on 5 april, 2024, and the new one starts on 6 april, 2024. This is important for your wallet because most new tax rules announced in the budget by finance minister nirmala.