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Income Tax Return (ITR) Deadline: Key Benefits of Filing Before Time

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Itr filing deadline 2025: The last date for filing income tax return for the financial year 2024-25 is September 15, 2025. If you have not filed your ITR yet, then file it as soon as possible before this deadline ends.

If you do not fall under the purview of filing income tax return, in this situation also you should file ITR every year. ITR is a kind of accounting, where you tell the government about how much you have earned in the last year. How much tax is due on this income and how much tax you have already paid. This lets the government know whether you have to pay more money to the government or the government will refund you some amount. After filing income tax return, you get many benefits. Today we are going to tell you about this.

Loan is easily available 

  • If you file ITR then it helps you in getting a loan easily.
  • ITR is required by all banks and NBFCs as proof of income.
  • If you do not have ITR then many times your loan application is rejected by the bank. 

Ease of visa approval 

  • If you go to visit another country, first of all you have to apply for its visa.
  • However, ITR is sought as an important document while applying for visa. 
  • Many countries ask for last 3 or 5 years’ ITR for visa.
  • It is only with the help of ITR that it is checked what is the financial status of a person?
  • If you do not have ITR, your visa application may be rejected. 

Tax refund claim 

  • If tax is deducted from your income and deposited in the government account, then it is necessary for you to file ITR to get it back.
  • Even if your income is within the basic exemption limit of income tax, you will still have to file ITR.
  • Assessment will be done after filing ITR.
  • If any refund is due, it will be transferred to your bank account. 
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