Independence Day 2023
India · Tuesday, August 15, 2023 · FM5, Q2 of FY2023
- Country
- India
- Calendar date 2023
- 2023-08-15 (Tuesday)
- Fiscal year
- FY2023 (open year)
- Fiscal month / quarter
- FM5 of 12 · Quarter Q2 · printable monthly template
- Source
- Government of India gazette
About Independence Day
National holiday marking India's 1947 independence from British rule.
This page is the 2023-specific edition: it shows the actual weekday, the observed date if a weekend rule applies, and the placement of the holiday inside the India fiscal year that contains it. For the canonical, year-agnostic overview see the main Independence Day page.
2023 weekday and observance
In 2023, Independence Day falls on Tuesday, August 15. A Tuesday holiday is the most disruptive weekday for payroll and AP because it splits the work week. Many teams add an unscheduled day off on Monday to bridge the gap, effectively making it a four-day weekend.
No weekend-shift rule applies in 2023 because the holiday falls on a regular weekday. Both the calendar date and the observed date are Tuesday, August 15, 2023. Treat it as a non-working day in payroll, vendor payment scheduling, and any business-day calculation that drives accruals or settlement.
Where it lands in FY2023
For organisations on the India fiscal calendar, Independence Day 2023 sits in fiscal month 5 (FM5), inside quarter Q2 of FY2023. From this date, you have approximately 229 days remaining until fiscal year-end on March 31, 2024. That distance matters because year-end close planning typically begins 60 to 90 days out — meaning if FYE is within that window, this holiday already sits inside the close-planning runway and any client-facing or vendor-facing deadlines that touch it should be pre-cleared rather than rescheduled later.
For the same holiday in adjacent fiscal years see: Independence Day 2024 · Independence Day 2025
Operational impact for finance teams
For finance and operations teams, Independence Day 2023 reduces the working-day count for FM5 by one. If the holiday falls within two business days of a fiscal month-end, expect downstream impact on accrual timing (revenue cutoff, inventory counts, AP cutoffs) and on banking value dates. Wire transfers and ACH/Faster Payments typically settle the next business day; international wires may slip two days when both origin and destination observe the holiday. See our guide on mapping holidays to fiscal months for a worked example of folding observance dates into the close calendar.
If your business operates payroll on a biweekly cadence aligned to the OPM federal schedule, check the 2023 pay period schedule for the pay period containing this date — the payday for that period may shift to the preceding business day.
Cross-references
- Printable August template (FM5) — see this holiday highlighted in the calendar grid.
- Q2 quarterly template — context inside the three-month fiscal quarter.
- FY2023 overview for India — full year-at-a-glance.
- Main Independence Day page — year-agnostic background.