Income Tax Filing 2025: Everything You Need to Know Before the Deadline
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| Income Tax Filing 2025: File your ITR before July 31 to avoid penalties and delays – Trending News Updates Today. |
Date: July 16, 2025
Source: Trending News Updates Today
📢 Income Tax Filing Deadline Approaches: Have You Filed Yet?
With the July 31 deadline approaching fast, millions of Indian taxpayers are rushing to complete their income tax filing for the financial year 2024–25. The Income Tax Department has already processed over 3 crore returns so far.
Whether you're a salaried employee, self-employed, or a freelancer, filing your income tax accurately and on time is critical to avoid penalties and ensure refunds.
🧾 Who Needs to File Income Tax Returns in 2025?
- Individuals earning more than ₹2.5 lakh annually
- Senior citizens above 60 years with income exceeding ₹3 lakh
- Businesses and professionals with income above basic exemption limit
- NRIs with taxable income in India
📂 Required Documents for Income Tax Filing
- PAN Card & Aadhaar Card
- Form 16 (for salaried employees)
- Bank account details & interest certificates
- Capital gains statements (if applicable)
- Investment proofs (under 80C, 80D, etc.)
💡 How to File Your Income Tax Return Online
- Visit incometax.gov.in
- Login using your PAN or Aadhaar credentials
- Choose the correct ITR form (most salaried use ITR-1)
- Fill in income details, deductions, TDS, and bank info
- Verify return using e-verification (Aadhaar OTP, net banking, etc.)
⚠️ Avoid common errors like incorrect bank details, wrong ITR form, or missed deductions.
🗓️ Key Dates to Remember
- July 31, 2025: Last date to file income tax without penalty
- Dec 31, 2025: Last date to file belated returns
🔎 Trending News Updates Today: Why This Matters
"Income tax filing" has become one of the top-searched terms in India this month. Timely filing ensures faster refunds and avoids interest under sections 234A and 234B.
Don’t wait till the last minute—filing early also reduces stress and gives you time to revise if needed.
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