By News18
ITR Filing 2025: Though the deadline for the income tax return (ITR) filing for FY2025-26 has been extended to September 15, 2025, taxpayers are advised to complete their tax filing responsibility as soon as possible. Tax filing is a big headache, so it’s important to file it without making any major error.
While the new tax regime is now the default, the government still gives individuals the option to choose what works best for their finances.
The utilities for Form 1 and Form 4 are available. Moreover, salaried taxpayers can also file their ITRs now as their employers must have issued the form 16 by now.
Once your return is submitted, there are a few important actions that can help you stay financially safe and even plan better
1) E-Verify Your ITR
Filing isn’t complete until you verify your return. You can do this online via Aadhaar OTP, net banking, or EVC. If not verified within 30 days, your return becomes invalid.
2) Track Your Refund Status
If you’re expecting a refund, keep an eye on its status via the Income Tax portal or the NSDL website. Refunds are usually credited within a few weeks after processing.
3) Check Form 26AS & AIS
Compare your ITR details with Form 26AS and the Annual Information Statement (AIS) to ensure everything matches. Any mismatch can trigger a notice.
4) Download and Save ITR-V Acknowledgement
After verifying, download the ITR-V (acknowledgement) and save a copy for your records. It’s useful for visa applications, loans, or future reference.
5) Review and Plan Next Year’s Taxes
Use this moment to assess your income, deductions, and savings. Consider options like ELSS, NPS, or health insurance to reduce next year’s tax liability.