Can I claim tax benefits for investments made in the previous financial year?

Yes, you can claim tax benefits for investments made in the previous financial year by filing an income tax return. However, you must have made the investments before the taxsaving investment deadline, which is usually March 31st of each financial year in India, to claim the tax benefits for that year. For example, if you have made a taxsaving investment before March 31st, 2022, you can claim the tax benefits for the financial year 20212022 while filing your income tax return for that year.