Which of the following is the correct financial year of India?

The correct answer is: (c) 1 April to 31 March

Explanation:
In India, the financial year (also called the fiscal year) begins on 1st April and ends on 31st March of the following year.

This financial year is used for the presentation of the Union Budget, taxation, accounting, and auditing purposes by the government and businesses.

Information Booster:
• The financial year was adopted in 1867 during British rule, aligning with agricultural and revenue cycles.
• Income tax returns, corporate filings, and government accounts are based on this cycle.
• India follows the same financial year for both central and state governments.​
• The Union Budget of India is usually presented on 1 February, before the new financial year begins.
• The Reserve Bank of India’s financial year was also aligned to 1 April – 31 March from FY 2020-21 onwards.