1. File ITR on or before the due date. Avoid filing belated return.

2. Download Form 26AS and confirm actual TDS/TCS/Tax paid. If any discrepancy is observed then suitable action should be taken to reconcile it.

3. Compile and carefully study the documents to be used while filing the return of income like bank statement/passbook, interest certificate, investment proofs for which deductions is to be claimed, books of account and balance sheet and P&L A/c (if applicable), etc.

4. No documents are to be attached along with the return of income.

5. You should identify the correct return form applicable to your case and provide all the information in the return form.

6. Ensure that other details like PAN, address, e-mail address, bank account details, etc., are correct.

7. After filling all the details in the return of income and after confirmation of all the details, proceed with filing ITR and the complete e-verification.

Source: Income Tax Department

According to the Income Tax department, Form 10-IEA can be filed by an individual, Hindu Undivided Family (HUF), Association of persons (other than a co-operative society), Body of individuals (BOI), Artificial juridical person referred under section 2(31)(vii) (AJP) having Income from Business or Profession.

Selecting the correct tax regime while filing your income tax return (ITR) is more important than some might think: It directly affects how much tax you will pay, what deductions/exemptions you can claim and save taxes.

You should manually edit/update the data if the prefilled data is not accurate or complete.

The Income Tax Department says ITR is pre-filled based on the information available for pre-fill on e-Filing. However, there may be situations where such information may not be complete.

"The facility of pre-filling is only for providing assistance to the taxpayers for filing their ITRs. Please verify the pre-filled data with your records and AIS/TIS before finalising and submitting the ITR. You have the option to make changes to pre-filled data," it says.

If your AIS is showing duplicate entries for salaries from one employer, then you should get it corrected by submitting feedback on the SFT data populated in AIS.

"There is an option for giving feedback on the SFT data populated in AIS. -Login to e-filing account - click on AIS -The taxpayer will be re-directed to the Compliance Portal. On Compliance portal, the feedback can be registered by visiting ‘SFT Information’ tab and submitting feedback as ‘information is duplicate'," the Income Tax Department said on X.

"Thank you taxpayers and tax professionals for helping us reach the milestone of 6 crore Income Tax Returns (ITRs) as of now and still counting.

"To assist taxpayers for ITR filing, tax payment and other related services, our helpdesk is functioning on a 24x7 basis, and we are providing support through calls, live chats, WebEx sessions & Twitter/X.

"We urge all those who haven't filed ITR for AY 2025-26, to file at the earliest to avoid last-minute rush," Income Tax Dept said in a post on X,

• Date of Contribution

• Contribution Amount (with a breakdown of contributions made in cash and other modes)

• Eligible Contribution Amount

• Transaction Reference Number for UPI transfer or Cheque Number/IMPS/NEFT/RTGS

• IFS Code of the Bank

Section 80TTB of the Income Tax Act, 1961 allows a deduction to taxpayers from the interest income earned from any bank deposits, including fixed deposits.

Section 80TTB deduction can be claimed by a senior citizen deriving income from bank deposits. But it applies only to those senior citizens who are residents of India.

The age limit to qualify for this deduction is 60 years or more at any time during FY 2024-25.

The Income Tax e-filing portal is working fine, the Income Tax Department said today (September 13) in response to a post of a user on X.

If you haven't filed yet, file as soon as possible.

ITR filing latest update: Nearly 6 crore ITRs have already been filed for AY 2025-26, and 50 lakh were filed just on Friday, according to IT department data as of September 12. Out of the 6 crore (precisely 5,95,42,216), over 5.5 crore have been verified, and over 3.7 crore have been processed by the IT department.

Those who are still waiting for the last day to file ITR, or for the deadline to be extended again, should now consider if that is wise. It is almost clear now that the deadline won’t be extended, and waiting any longer can backfire and cost you big.

An ITR intimation is the Income Tax Department's notification of whether the information you have submitted is in line with their data. It is sent under Section 143(1) and informs you directly if your return is accepted, if you are entitled to a refund, or if there's any further tax to pay.

While filing Income Tax Return, taxpayers should do the following:

• Ensure that all your personal details are correct

• Don’t forget to add all your bank accounts to the e-filing portal

• Don't claim a deduction if you can't prove it with a valid document

• Be careful with your equity LTCG and STCG calculations (There are two rates for transactions before and from July 23, 2024).

• Don't submit without double-checking your ITR. Read more details

• Don't forget to verify your return after filing

Yes, in case source of income is changed to business and profession later and taxpayers want to opt for old tax regime then Form 10-IEA is required to file within the applicable due date as per section 139(1) of the Act, according tot eh Income Tax Department.

The Income Tax Department's e-filing portal data on September 13 shows 5,95,42,216 returns have been filed till September 12. This is around 50 lakh more than the previously reported 5,47,93,630 returns by the Income Tax portal till September 11. Of the 5.95 crore returns filed, taxpayers have verified over 5.51 crore returns, while the Income Tax department has processed more than 3.78 crore verified returns.

ITR-3 is applicable in the following cases:

Individual & Hindu Undivided Family (HUF)

• having income under the heads Salary/Pension, House Property, Profits or Gains of Business or Profession, Capital Gains or Income from Other sources.

• Who is not eligible for filing ITR-1, ITR-2 or ITR-4

ITR-4 is applicable in the following cases:

ITR-4 applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other than not ordinarily Resident or a Resident Firm (other than LLP) having total Income up to ₹50 lakh and having income from Business or Profession which is computed on a presumptive basis (u/s 44AD / 44ADA / 44AE) and income from any of the following sources:

• Salary/Pension

• One House Property

• Other sources (Interest, Family Pension, Dividend etc.)

• Agricultural Income up to ₹ 5,000

• Capital Gain Income u/s 112A up to ₹1,25,000

1. The most common is ignoring income beyond salary, such as bank interest, rental income, or capital gains. These omissions can create mismatches with AIS and lead to questions from the department.

2. Another issue is choosing a tax regime without proper calculation; the old and new systems impact your liability very differently, and a hasty choice can cost money.

3. Deductions also need careful attention—HRA, home loan interest, and insurance premiums should be backed with documentation.

4. Equally important is checking that TDS reported by the employer matches your Form 26AS.

It seems the Income Tax Department may not extend the ITR due date for AY 2025-26 again. The CBDT had already extended the due date in May. This time, it has not yet responded to the growing demand from tax professionals to extend the ITR and tax audit due dates.

Yes, taxpayers having income other than Business or profession can switch between old tax regime or new tax regime every year while filing return of income within the due date as per section 139(1) of the Act.

However, taxpayers having income from Business and profession can opt for old tax regime only after filing Form 10-IEA within the due date u/s 139(1). They can also switch back to the new tax regime only once after filing Form 10-IEA again with the Re-enter option. (Source: Income Tax Department)

Salaried employees won't be able to switch to the old tax regime from the new tax regime, if they file their returns after the due date, which is September 15, 2025.

As per Income Tax rules, an individual/HUF without business/profession do not need to file any form to opt for the old regime. They can switch to the old regime in the ITR itself. But such ITR must be filed within the due date under Section 139(1).

After filing, you must verify your ITR within 30 days. The Income Tax department treats unverified returns as not submitted. Taxpayers can e-verify using Aadhaar OTP, Electronic Verification Code (EVC), Net Banking and by mailing a signed ITR-V copy to the Income Tax department.

Income Tax e-filing portal is free. Whereas filing through Jio Finance and Cleartax requires a fee.

However, in terms of tax-filing complexity, tax-filing platforms like Jio Finance and Cleartax may seem less daunting for self-filers compared to the Income Tax portal.

The following are some quick steps that you can follow to file your returns on the e-filing Income Tax portal:

Before starting, collect all relevant income and investment documents. You should also download Form 26AS and AIS from the e-filing portal and verify your income and TDS. After this:

• Log in at incometax.gov.in using PAN/Aadhaar and password or via net banking

• Go to → e-File > Income Tax Return > File Income Tax Return

• Select Assessment year AY 2025–26

• Choose the ITR form applicable to you

• Review pre-filled details like salary, TDS, bank interest, personal details, bank account

• Add missing income/deductions and select tax regime (Old/New)

• Submit and verify your return

Taxpayers can file their ITR online on the e-filing portal of the Income Tax Department. If you have forgotten your tax e-filing portal login credentials, you can login-in through net banking.

If you have forgotten your e-filing portal password, you can log in to your bank’s net banking and access the tax portal from there. For example, here are some steps to follow in case of ICICI bank:

• Step 1: Log in to internet banking with your ID and password

• Step 2: Go to payments and transfers

• Step 3: Go to manage your taxes

• Step 4: Select Income Tax e-Filing.

Tax filing weekend is here. If you are planning to file your returns today, prepare these documents:

Form 16 from your employer

Form 26AS and Annual Information Statement (AIS)

PAN Card and Aadhaar Card

Proofs of investments (bank deposits, PPF, NPS, NSC, etc.)

Home loan interest certificate

Insurance premium receipts

The Income Tax Department's e-filing portal data on September 13 shows 5,69,60,034 returns have been filed. This is around 22 lakh more than the previously reported 5,47,93,630 returns by the Income Tax portal. Of the 5.69 crore returns filed, taxpayers have verified over 5.33 crore returns, while the Income Tax department has processed more than 3.66 crore verified returns.

Nearly 8 crore taxpayers are expected to file their returns in 2025. This means over 2 crore returns are still pending as of September 13, 2025. In AY 2024-25, 7.28 crore returns were filed up to the July 31 deadline.