ITR Filing 2025 Date: The time for filing income tax return (ITR) has come close once again. The last date to file ITR for financial year 2024-25 (Assessment Year 2025-26) has been fixed on 31 July 2025. In such a situation, this is the right time when you start collecting your entire year financial documents and file the return in time.
New tax reijim became default
According to the Finance Act 2024, the new tax slab has been made a default tax regimen by revising in Section 115BAC of the Income Tax Act. However, if the eligible taxpayers want, you can also choose the old tax regimen, provided they choose in time.
Keep these things in mind while filing returns
ITR filling can be a bit difficult, especially for those who earn from many sources or who are filing returns for the first time. If you avoid the normal mistakes given below, the process of returns filing can be easier.
1. incorrect tax calculation
Both the old and new tax are different tax exemption and rates. You must first decide which tax rest is beneficial for you.
2. Claim of wrong tax deduction
Every person’s eligibility for tax deduction may be different. To take advantage of exemption like Section 80C, 80D, it is necessary to check which cuttings you can claim.
3. Personal information mistake
Filling information like name, PAN, address, bank account number may be rejected or refund can be delayed. Therefore, take care while filling them.
4. Removing source of income
If your income is from many sources, such as salary, rent, freelance work etc., do not forget to include everyone in the right way.
5. Check Form 26AS
This form is available on the income tax portal and contains your TDS, tax payment and other information. It is necessary to investigate whether your information and form is matching in Form 26AS or not.
Return has to be filed by 31 July
It is necessary to file returns before the last date of 31 July 2025 so that penalty and other problems can be avoided. By preparing documents at the right time, filling all the information carefully will not only make tax filing easier but the refund will not be delayed.
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