Income tax refund: The financial year 2024-25 is over and 2025-26 has started. With a financial end, the focus of the people is on filing income tax returns. Taxpayers have to file returns by 31 July 2025. The Income Tax Department may soon release the online ITR form for the Assessment Year 2025-26 (Financial Year 2024-25), which will open the way for the return filing.
When will ITR filing start?
The Income Tax Department usually notes the form in April and the e-filing portal also becomes active around it. In February last year, the forms arrived and the filing started from April, so it is expected that this time it will happen.
When can ITR file jobs
However, most of the employed people file ITR only after June, as they get Form 16 from their office. This form shows how much salary you got and how much TDS (TDS) got deducted. Form 16 is the last date to meet – 15 June. So more people start filing after that.
Early ITR filing means getting early refund
If you have deducted more tax in a year or are full of advance tax, then you can get a refund. The good thing is that now the Income Tax Department refunds the refund quickly. If everything goes well then you can get a refund within 7 to 20 days.
Income tax returns get early in these cases
Returns have been filed on time. Returns from Aadhaar OTP or NetBanking have been verified. The bank account should be link and pre-validated to PAN. There is no mistake in the return.
YES Bank reduced interest on FD for the second time in April, now more interest is over?