Millions of Indian taxpayers will soon file their Income Tax Returns (ITR) for the financial year 2024-25, which is Assessment Year (AY) 2025-26. The Income Tax Department has not announced the official last date to file ITR yet. However, based on past years, July 31, 2025, is likely to be the deadline for individuals who do not need an audit.
In the past, this July 31st deadline has been common. Sometimes, the government has extended this date. This happened during the COVID-19 pandemic.
The Income Tax Department is expected to release the new ITR forms and online tools between April and May 2025. Keep checking the official website for updates.
It is wise not to wait for the last date. Filing early has many benefits.
Here are some reasons to file ITR AY 2025-26 early:
- Faster Refunds: The tax department usually processes early returns first. So, you may get your refund sooner.
- Avoid Errors: Filing in a hurry can lead to mistakes. You might miss some income or claim incorrect deductions. This can cause notices from the tax department.
- Better Planning: Early filing gives you a clear picture of your tax. This helps you plan your finances better for the rest of the year.
For Salaried People:
Remember to get your Form 16 from your employer. Companies must give this form by June 15, 2025. Form 16 shows your income and the tax deducted from it. Check all the details in Form 16 carefully with your salary slips and bank statements before filing.
Check it: Income-Tax Bill 2025: Simplifying Taxes for Senior Citizens
What to Expect Next:
| ITR Form Release | April-May 2025 |
| Form 16 Issuance Deadline | June 15, 2025 |
| Probable Filing Deadline | July 31, 2025 |
