- By Aditya Pratap Singh
- Thu, 10 Apr 2025 03:11 PM (IST)
- Source:JND
ITR Filling 2025: The process to file an income tax return (ITR) has begun with the commencement of the new financial year on April 1. Taking the previous years ' ITR filling timeline into account, the income tax filling process will be open till July 31. As per Income Tax Department Guidelines, filing an Income Tax Return is mandatory for every person earning above the basic exemption limit. Under the old tax regime, this limit is Rs 2.5 lakh for general taxpayers.
If you are a preparing to file ITR for the financial year just gone by, then you should do some preparations in advance. It will help you in filling your tax return on time and correctly by following some easy steps.
Important things to take care of before filing ITR
Gather all necessary documents
The first necessary steps to follow before filling ITR is you should you should gather all your necessary documents. For instance, valid PAN, Aadhaar card, Form 16, interest certificate, salary slip, TDS deduction certificate, capital gains statement, details of rental income and proof of any other income.
Select the right ITR form
The Income Tax Department provides 7 types of forms, considering the income and investment requirements of taxpayers. You need to make yourself aware of the fact that your resident status and source of income determine which ITR form you have to select to file ITR. A wrong selection can cost you ITR rejection and you might get notice from the IT Department as well.
This year the department has made some chnages in in ITR-2 this year, so it is important to understand them before filing the return.
Link PAN with Aadhaar
If you have your PAN with your Aadhaar then it might have become outdated, linking both documents is mandatory. In addition to PAN, and Aadhaar linking, details like name, date of birth and gender should be the same in all documents for smooth verification.
Be aware of tax exemptions
Knowing the sort of exemptions and deductions you are getting concerning your income and investment, can be the best thing for you before you initiate the ITR filling process. Now only the basic exemption limit, but awareness of all the tax deductions and exemptions you are eligible for can be a beneficial move. In the new tax regime, the standard deduction has been increased from Rs 50,000 to Rs 75,000. There is no change in the old tax regime.
Compare with old ITR
Under the Finance Bill 2025, the Income Tax Department has now the right to compare this year's return with the returns of previous years. Therefore, before filing the return, carefully match the information given in it with your previous returns.
Steps By Step Guide To File ITR Online
- You need to visit the income tax department's official e-filing website
- You you are existing user then you have to login using credentials. If you are new to it then you first have to Register on the website.
- Next, you have to fill in all the required credentials.
- Select the filing mode and status in the next step.
- Choose the correct ITR form based on your income, investment and expenditure.
- Now, you need to read all the instructions carefully and fill all the required sections of the form.
- Click on “Proceed” post filling in all the details.
- In the last steps, validate all the details and submit the ITR form.