ITR Filing 2025: The Income Tax Department notifies the income tax return form step-by-step every year. Usually the filing utility for ITR-1 and ITR-2 becomes active on the income tax portal in the first or second week of May.
ITR Filing 2025: With the start of the new financial year from April 1, 2025, taxpayers have started preparing to file income tax returns for the assessment year 2025-26. If you do not need to get the account audited, then the last date for filing your ITR will be 31 July 2025. But you should file the return without any mistake before this date. However, ITR can be filed even after the last date, but a fine will have to be paid.
When will the ITR filing process start?
In fact, the Income Tax Department notifies the income tax return form step-by-step every year. Usually the filing utility for ITR-1 and ITR-2 gets activated on the income tax portal in the first or second week of May. After getting activated, you can file your ITR. In such a situation, you should keep all the necessary documents before the ITR process starts.
These important documents for salaried people
At the same time, if you are a salaried person, then the most important document for you is Form 16. This form contains information about the tax at source (TDS) deducted from the salary during the entire financial year. With the help of this form, you can easily calculate your total tax liability and refund (if any). But, you can file your return even without it. For this, you will have to use important documents like Form 26AS and salary slip.
Who will get tax refund?
Let us tell you that if you have deposited more tax than your tax liability in the entire financial year, then you are eligible for tax refund. The amount of tax refund will be calculated on the basis of your total income, deductions and exemptions. The amount of tax refund will also depend on the tax regime chosen by you.
How long does it take for the refund to arrive?
Actually, in the old tax, many types of exemptions are available, but the tax rate is high. On the other hand, under the new tax system, deductions and exemptions are less but the tax rate is low. It is usually transferred to your account within a month of filing ITR. But for this, e-verification is necessary.
