Question : Which of the following is the correct duration of 'Financial Year 2022-23' in India?

Option 1: 1 January 2022 to 1 January 2023

Option 2: 30 April 2022 to 1 March 2023

Option 3: 30 April 2022 to 31 March 2023

Option 4: 1 April 2022 to 31 March 2023


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: 1 April 2022 to 31 March 2023


Solution : The correct answer is 1 April 2022 to 31 March 2023 .

The financial year in India starts every year on the 1st of April of the calendar year and ends on the 31st of March of the next year. The financial year is also known as the fiscal year. All taxes are collected based on this timeline and other financial decisions are also taken according to this time frame.

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