Federal government The current fiscal year is the fiscal year 2026 and is abbreviated FY26 or FY2025-26. It began 1 October 2025 and will end on 30 September 2026. Source: Fiscal years are used by the United States federal government for accounting purposes.
For the current period, the 2025-26 financial year in Australia begins on 1 July 2025 and concludes on 30 June 2026. Simply put, it's a 12-month period used for tax and accounting purposes.
For example, Fiscal Year 2026 runs from July 1, 2025 – June 30, 2026. Each fiscal year is further broken down into segments called "fiscal periods."
The financial year is a 12-month cycle that sets the timetable for when businesses must complete their accounting, tax, and financial reporting tasks. In New Zealand, it runs from 1 April 2025 to 31 March 2026 for most taxpayers.
The income tax slab rates under the new tax regime for FY 2025–26 are as follows: income up to ₹4 lakh is tax-free; ₹4 lakh to ₹8 lakh is taxed at 5%; ₹8 lakh to ₹12 lakh at 10%; ₹12 lakh to ₹16 lakh at 15%; ₹16 lakh to ₹20 lakh at 20%; ₹20 lakh to ₹24 lakh at 25%; and income above ₹24 lakh is taxed at 30%.
Federal government
The current fiscal year is the fiscal year 2026 and is abbreviated FY26 or FY2025-26. It began 1 October 2025 and will end on 30 September 2026. Source: Fiscal years are used by the United States federal government for accounting purposes.
Fiscal years are named using the year when the period ends. For example, the US federal government fiscal year starts on October 1, 2024 and ends on September 30, 2025, this is referred to as FY25. Read more on how you can get prepared for the end of fiscal year.
30 Jun – Prepare for end of financial year and wrap up your books for the 2025/26year.
A1: The tax year 2024-25 starts on April 6, 2024, and ends on April 5, 2025.
In Australia, financial years run from 1 July to 30 June the following year, so we are currently in the 2025–26 financial year (1 July 2025 to 30 June 2026). The income tax brackets and rates for Australian residents for both this financial year and the previous financial year are listed below.
2026: Year of the Horse. In the Chinese zodiac 2026 is the Year of the Fire Horse.
This means that the current financial year (FY) 2025 began on July 1, 2024, and will end on June 30, 2025. If you're new to taxation in Australia, the commencement and end dates for the financial year might seem odd compared to the regular calendar.
Countdown to America's 250th Anniversary. On July 4, 2026, America will celebrate the most important milestone in our country's history—250 years of American Independence.
The 2025-26 tax year runs from the 6th of April 2025 to the 5th ofApril 2026. Each tax or financial year has a series of important deadlines that are crucial for businesses, investors, and trustees to follow.
That means your take home pay will be $55,383 per year, or $4,615.25 per month. Your average tax rate is 20.88% and your marginal tax rate is 32.5%.
The world has begun welcoming 2026, with Kiribati being the first to enter the New Year, followed by New Zealand, Samoa, Tonga, and other Pacific nations. Auckland celebrated with fireworks over the Sky Tower, and Australia's east coast has now rung in 2026.
What is India's Current Financial Year? India's current financial year is FY 2025-26, lasting between April 1, 2025, and March 31, 2026; therefore, all earnings, expenses, and investments that occur between those dates will be recorded in this particular tax and business filing period.
With tax code 1257L: The first £12,570 is tax free, meaning you don't pay any income tax on it. The remaining £17,430 is taxed at 20%. So you'd pay about £3,486 in income tax for the year.
The current Assessment Year is 2024-25. It follows the Financial Year 2023-24, during which income was earned and is now being assessed for taxation in the Assessment Year. What is the assessment year for financial year 2024-25? The financial year is 2024-25, and the assessment year is 2025-26.
A new tax year starts on 6 April , marking the start of the financial period for which individuals and businesses must report their income, expenses, and any applicable deductions to HMRC . The UK accounting year concludes on the 5th of April the following year.
In India, the government and most businesses follow the fiscal year from April 1 to March 31 of the following year. For example, the period from April 1, 2024, to March 31, 2025, is referred to as Fiscal Year 2024ñ25 (FY25).
You generally have to file a 2025 federal income tax return if your gross income is at least as much as your Standard Deduction for the year. The deadline for filing 2025 federal tax returns is April 15, 2026. You can get a six-month extension to October 15, 2026, but it doesn't extend the time to pay any taxes owed.
In South Africa, the current 2025 tax year runs from the 1st of March 2024 to the 28th of February 2025.