ITR Filing for Individuals — File Your Income Tax Return Online

For individuals (non-audit), the due date for filing ITR is July 31st of the assessment year. For FY 2024-25 income, the due date is July 31, 2025. You can file a belated return until December 31, 2025, but a late fee of ₹5,000 (₹1,000 for income below ₹5 lakh) applies under Section 234F. We recommend filing well before the deadline to avoid the rush and ensure accurate processing.

The correct ITR form depends on your income sources: ITR-1 for salary + interest income (up to ₹50 lakh); ITR-2 for salary + capital gains or foreign income; ITR-3 for business/professional income; ITR-4 for presumptive income (small businesses under 44AD/44ADA). Our CA will assess your income profile and select the correct form. Filing the wrong form can result in a defective return notice.

Form 16 is a TDS certificate issued by your employer every year (usually by June 15). It contains your salary details, allowances, perquisites, and TDS deducted. While Form 16 is the easiest way to file ITR-1, it is not strictly mandatory — we can also use your salary slips, bank statements, and AIS (Annual Information Statement) from the income tax portal to file your return. If you do not have Form 16, just WhatsApp us and we will handle it.

After your ITR is filed and processed, any excess TDS or advance tax paid is refunded directly to your bank account — typically within 15–45 days of filing. The refund is credited to the bank account linked with your PAN on the income tax portal. You must have a pre-validated bank account for smooth refund processing. We ensure your bank account details are correct before filing to avoid refund delays.

Legally, you are not required to file ITR if your total income is below the basic exemption limit (₹3 lakh for general, ₹3.5 lakh for senior citizens). However, filing is highly recommended even with lower income because: (1) It is mandatory if you want to claim a tax refund; (2) It serves as official income proof for loans, visa applications, and credit cards; (3) It is required if you have foreign assets or foreign travel expenses above ₹2 lakh; (4) It builds your financial record for the future.

AIS is a comprehensive statement available on the Income Tax portal that shows all financial transactions reported against your PAN — including salary, interest, dividends, capital gains, property purchases, and more. It is crucial to reconcile your ITR with AIS, as discrepancies can trigger automated notices from the IT department. Our CA reviews your AIS and TIS (Tax Information Summary) before filing to ensure your return matches all reported transactions.

If you file ITR after July 31 but before December 31, a late fee of ₹5,000 under Section 234F applies (₹1,000 if total income is below ₹5 lakh). Additionally, if you have any outstanding tax liability, interest at 1% per month under Section 234A is charged from August 1 onwards. After December 31, you cannot file a belated return — only a revised return for the current year is possible. Deliberate non-filing can lead to prosecution under Section 276CC.

You can file a belated ITR for the immediately preceding assessment year until December 31 of that year. For older years (2+ years ago), you cannot file a regular return unless there is a notice from the Income Tax Department or a specific court order. However, if you have received a notice under Section 148, you can file for the year mentioned in the notice. Message us on WhatsApp — we can review your specific situation and advise on the best course of action.

Key tax-saving options for salaried individuals: Section 80C (up to ₹1.5 lakh) — invest in PPF, ELSS, LIC, or repay home loan principal; Section 80D — health insurance premium for self and parents (up to ₹75,000); HRA exemption — if you pay rent; NPS under 80CCD(1B) — additional ₹50,000 deduction; Home loan interest under Section 24(b) — up to ₹2 lakh for self-occupied property. Our CA will identify all applicable deductions to minimize your tax liability.

Income tax notices are common and usually require clarification or additional documents. Common notice types include: 143(1) — intimation with demand or refund; 143(2) — scrutiny assessment; 148 — income that escaped assessment; 245 — refund set-off against outstanding demand. Our service includes notice handling support for 6 months after filing. If you receive a notice, WhatsApp us immediately — our CA will review it and respond on your behalf.