Filing your Income Tax Return (ITR) for the year 2024-25 is just around the corner. Whether you’re a first-timer or a regular filer, knowing the important dates, how refunds work, and what papers you’ll need can save you a lot of stress. Let’s break it down in the easiest way possible.
When Can You File Your ITR?
You can file your ITR for the assessment year 2025-26 once the Income Tax Department activates its online portal. While the exact date isn’t confirmed yet, ITR forms are usually released by April every year.
Once the forms are live, you can head over to the official Income Tax website to file your return online.
What Is the Last Date to File?
Based on last year’s trend:
- July 31, 2025 is likely to be the deadline to file your ITR without any late fee.
- You can still file a belated return (with a fine) up to December 31, 2025.
Tip: File early to avoid last-minute issues and long delays in refunds.
When Will You Get Your Refund?
The refund process is much faster now. If you file correctly and verify your return with Aadhaar OTP, you can get your refund in 7 to 20 days.
To speed up the process:
- Make sure your bank account is linked to your PAN and pre-validated.
- Double-check your return for any errors before submitting.
Important Documents You’ll Need
To make the ITR process smooth, gather these documents early:
- PAN card & Aadhaar card
- Form 16 from your employer
- Salary slips
- Interest certificates from your bank
- Details of any capital gains
- Rental income proofs, if any
- Any other documents related to your investments or other income
