While the period is the same (1 year), a fiscal year may vary from a calendar year in when it starts and ends.
The fiscal year, also known as the financial year, starts from April 1 and ends on March 30.
The current fiscal year for us began on April 1, 2021, and will end on March 31, 2022.
The fiscal year is also denoted as FY and the current fiscal is FY21-22.
Different organizations can start and end their fiscal years differently, depending on their accounting and external audit practices.
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