ITR Filing 2025 Date: The time to file Income Tax Return (ITR) is once again near. The last date for filing ITR for the financial year 2024-25 (assessment year 2025-26) has been fixed as 31 July 2025.
ITR Filing 2025 Date : The time to file Income Tax Return (ITR) is once again near. The last date for filing ITR for the financial year 2024-25 (assessment year 2025-26) has been fixed as 31 July 2025. In such a situation, this is the right time to start collecting your entire year’s financial documents and file the return on time.
The new tax regime became the default
As per the Finance Act 2024, the new tax slab has been made the default tax regime by amending section 115BAC of the Income Tax Act. However, eligible taxpayers can also choose the old tax regime if they wish, provided they choose the option in time.
Keep these things in mind while filing returns
Filing ITR can be a bit tricky, especially for those who have multiple sources of income or those who are filing returns for the first time. If you avoid the common mistakes given below, the process of return filing can be easy.
1. Wrong tax calculation
Both the old and new tax regimes offer different tax exemptions and rates. You must first decide which tax regime is beneficial for you.
2. Claiming wrong tax deduction
The eligibility for tax deductions may vary from person to person. To take full advantage of exemptions like Section 80C, 80D, it is important that you check which deductions you can claim.
3. Mistake in personal information
Filling incorrect information like name, PAN, address, bank account number can lead to rejection of return or delay in refund. So be careful while filling these.
4. Losing the source of income
If you have income from multiple sources, like salary, rent, freelance work etc., do not forget to include them all properly.
5. Check Form 26AS
This form is available on the income tax portal and contains your TDS, tax payment and other details. It is important to check whether the information provided by you matches with that in Form 26AS.
Returns have to be filed by 31 July
It is important to file returns before the last date of 31 July 2025 to avoid penalties and other hassles. Preparing the documents on time and filling all the information carefully will not only make tax filing easier but will also prevent delay in refund.
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