Independence Day

India · August 15 · Fiscal month FM5 · Quarter Q2

Country

India

Date

August 15

Falls in fiscal month

FM5 of India fiscal year

Falls in fiscal quarter

Q2

Source

Government of India gazette

About Independence Day

National holiday marking India's 1947 independence from British rule.

Where it lands in your fiscal year

For organisations operating on the India fiscal calendar, Independence Day falls in fiscal month 5 (FM5), inside quarter Q2. Treat the date as a non-working day in payroll calendars, exclude it from business-day counts when scheduling close milestones or accrual postings, and check vendor terms for any "next business day" payment clauses that would shift settlement.

If the holiday falls on a weekend, observance rules vary: the United States federal government observes the nearest preceding Friday or following Monday; the United Kingdom typically grants a substitute weekday. Check the country's official observance rules before locking payroll runs.

Operational impact for finance teams

For finance and operations teams, Independence Day reduces the working-day count for FM5 by one. If the holiday falls within two business days of a month-end, expect downstream impact on accruals (revenue cutoff, inventory counts, AP cutoffs) and on banking value dates. Wire transfers and ACH/Faster Payments usually settle the next business day; international wires may slip two days when origin and destination both observe the holiday. See our guide on mapping holidays to fiscal months for a worked example of how to fold observance dates into the close calendar.

Open the calendar

See this holiday highlighted in context on the printable monthly template:

Open August template →   Full India fiscal year →

Year-by-year observance

Pick a specific year to see the actual weekday, weekend-observance shift (if any), and where the holiday lands inside that year's fiscal quarter:

Other holidays in India

• January 26 — Republic Day
• October 2 — Gandhi Jayanti
• December 25 — Christmas