ITR Filing 2025: Income tax has started the process of filing income tax returns (ITR) for Financial Year 2024-25 (Assessment Year 2025-26). The last date for filling ITR in cases without audit has been fixed on 15 September 2025. If your income is less than taxable income limit or you are students, filling ITR can prove to be beneficial in future. ITR file is an essential document for everyone to show refunds, visas, loans, financial credit from Karan. It would be better to file your returns in time and avoid the troubles to come.
Which people need to fill ITR?
- Whose income is more than the fixed limit
If your annual income is more than Rs 4 lakh under the new tax system, then it is mandatory to file ITR. This is the limit in the old tax system.
2.5 lakh rupees for those under 60 years of age
3 lakh rupees for senior citizens aged 60 to 80 years
5 lakh rupees are fixed for above 80 years.
This limit is before the discounts (eg 80C, 80D).
- If your salary is less than the fixed limit, then ITR should be filed.
If you have spent more than 2 lakh rupees on traveling abroad.
Over Rs 1 lakh electricity bill has been paid throughout the year.
Your TDS or TCS is Rs 25,000 or more deducted (Rs 50,000 for senior citizens).
You have a foreign asset or the right to sign on a foreign bank account.
You own a company or firm.
Who can fill ITR on their own free will?
If TDS is cut off from your salary or bank interest, then to get refund.
To give proof of income for visa, loan or any government work.
If you have suffered any loss in business then to forward it further.
For making economic credit and future needs such as funding or tender.
Which ITR form is right for you?
ITR-1: For employed people whose income is up to Rs 50 lakh and only one house and other income like interest.
ITR-2: Those who have more than one house or foreign income or asset.
ITR-3: For those with income from business or profession.
ITR-4 (Sugam): Those whose income is estimated (presumptive tax), and up to Rs 50 lakh.
ITR-5: For partnership firm, LLPS, AOPS etc.
ITR-6: For companies that do not ask for religious or charity discounts.
ITR-7: For institutions like trust, political parties, universities.
Last dates
Taxpayers without audit: 15 September 2025
Audit Business/Firms: 31 October 2025
Loss of late filing
If you do not fill ITR till the due date, then you have to pay a fine (under Section 234F), and the refund may also be delayed. However, you can file late filing by 31 December 2025.
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