Many people believe that if their income falls below the taxable limit, filing an Income Tax Return (ITR) is unnecessary.

Taxpayers are advised to file updated Income Tax Returns (ITR-U) promptly to avoid higher penalties. Filing by March 31, 2025, incurs a 25% additional tax plus interest, while filing later attracts a ...

December 31 is the deadline for filing revised or belated ITR for FY 2021-22. The last chance for filing late returns comes with a penalty, however, no penalty will be levied on revised returns.

ITR filing 2025: The choice between the old and new tax regimes depends on clearly understanding the available benefits.(Pixabay) ITR filing 2025: The decision between the old and new tax regimes ...

If you chose the new tax regime last year, you can opt for the old one this year — provided you make the decision before the ITR filing deadline (July 31, 2025). However, the old tax regime is ...

This means if you chose the new tax regime last year, you can switch to the old one this year. However, you must decide before the ITR filing deadline (July 31, 2025). According to the Income Tax ...

The window is likely to open on April 1, 2025, and remain open till July 31. The deadline for ITR filing is July 31.(Reuters) While ITR filing can be done online, some people might find it confusing.