ITR Filing 2025: Filing your Income Tax Return (ITR) is something every taxpayer in India needs to do each year. It’s not just about following the law; it also helps in many other ways. For example, if you want a loan, a visa, or a government contract, having your ITR can serve as proof of your income. Plus, if you have paid more taxes than required, you can get a refund by ITR Filing.
For the fiscal year 2024-25, which is also called the assessment year 2025-26, the last date to file your ITR is September 15, 2025.
The Income Tax Department has made this process much easier by creating an online portal. This portal lets you file your ITR digitally. You can choose to file your returns either online or offline through this system.
It’s important to know about these options because each one has its own benefits and things to consider. By understanding these methods, you can decide which one works best for you and file your ITR smoothly.
ITR Filing 2025
Taxpayers, it’s time to file your Income Tax Return (ITR) for 2025. ITR Filing deadline is September 15, so make sure to file on time to avoid penalties.
This year, you need to decide which tax regime to choose for the financial year 2023-24. The government introduced a new tax regime to make taxes simpler and reduce the tax burden. However, opinions on this change are mixed.
Choosing between the old and new tax regimes depends on factors like your income, deductions, exemptions, and long-term financial goals. Typically, people without investments prefer the new regime, while those with investments stick with the old one.
Also Check: Annual Budget 2024
Documents Required for ITR Filing 2025
To start filing your taxes, you must register on the Income Tax Department’s e-filing portal. This registration is necessary to use all the services offered on the portal. Here are the documents you’ll need:
- Aadhaar card
- PAN card
- Valid mobile number
- Valid email ID
How to Register on E-Filing Portal?
The following are the steps to register on E-Filling Portal:
- Go to the e-filing portal’s homepage.
- Fill in required details such as your PAN, name, date of birth (DOB), membership number, and enrollment date.
- Verify your PAN number.
- Enter your personal details, including your name, DOB, gender (if needed), and residential status.
- Provide your contact information, including mobile number, email address, and home address.
- Confirm your identity using the OTP sent to your mobile number and email.
- Create a secure password for your account.
- Complete the registration process and log in to your account.
Steps for ITR Filing 2025
To e-file your Income Tax Return (ITR) quickly and easily, follow these straightforward steps:
- Log in to the e-filing portal with your credentials.
- Update your profile information.
- Go to the ‘e-File’ section and select ‘Income Tax Returns’.
- Click on ‘File Income Tax Return’.Choose the correct Assessment Year and Filing Status (e.g., Individual, HUF).
- Select the appropriate ITR Form (Original or Revised).
- Click ‘Prepare and Submit Online’ to complete the process electronically.
How to Claim Income Tax Refund?
If you’ve paid more tax than you owe, you can get a refund. Follow these steps:
- Verify Your ITR: After submitting your Income Tax Return (ITR), verify it. You can do this electronically using Aadhaar OTP, net banking, or by sending a signed physical copy to the Centralized Processing Centre (CPC).
- Wait for Processing: After verification, the Income Tax Department will process your return. Check the status of your ITR on the e-filing portal.
- Receive Your Refund: If you’re eligible, the refund will be credited to your bank account linked with your PAN.
Why Tax Refunds Delay?
- Incorrect Bank Details: Double-check that your bank account information is correct and linked to your PAN.
- Mismatch in TDS Details: Ensure that the Tax Deducted at Source (TDS) details in your Form 26AS match those in your Income Tax Return (ITR).
- Incomplete Verification: Verify your ITR within 120 days of filing to avoid delays.
Filing your ITR accurately and on time is essential for smooth tax refunds and financial clarity. By following these steps, you’ll streamline the e-filing process and meet your tax obligations effectively.
Also Check: How To File ITR If You Forgot To Link Your Pancard with Aadhar Card?
ITR Filing 2025 FAQs
Q.1. What is the deadline for ITR Filing for FY 2024-25?
Ans. The deadline is September 15, 2025.
Q.2. What documents are required for ITR filing?
Ans. You’ll need your Aadhaar card, PAN card, a valid mobile number, and a valid email ID.
Q.3. How can I register on the e-filing portal?
Ans. Visit the e-filing portal, enter your PAN and personal details, verify your identity with an OTP, and create a secure password.
Q.4. What should I do if my tax refund is delayed?
Ans. Check for incorrect bank details, mismatches in TDS, or incomplete ITR verification. Ensure your ITR is verified within 120 days of filing.
Q.5. How do I choose between the old and new tax regimes?
Ans. Consider your income, deductions, exemptions, and long-term financial goals. The new regime simplifies taxes but may not suit those with investments.
