Income Tax India. Easy Guide to File ITR for AY 2025-26: The Income Tax Department of India shared a simple guide to help you file your Income Tax Return (ITR) for the year 2025-26. They’ve made some changes, and the last date to file is now September 15, 2025. Whether you have a job, run a business, or invest money, this guide will make filing your taxes easier. Let’s break it down in simple words.
The Income Tax Department made some updates for this year:
- More Time to File: You now have until September 15, 2025 to file your ITR. It was supposed to be July 31, but they extended it because of new changes in forms and systems.
- Show More Assets: If you earn more than ₹1 crore, you need to list all your assets (like property or savings) in a form called Schedule AL. Earlier, this was only for people earning above ₹50 lakh.
- Easier Forms for Small Gains: If your profit from selling things like shares (called Long-Term Capital Gains) is less than ₹1.25 lakh, you can use simple forms like ITR-1 or ITR-4.
- More Details Needed: You’ll need to give extra details about rent allowance (HRA) and deductions in the forms.
- Capital Gains Split: If you sold something, report gains separately for before and after July 23, 2024, because of new rules from Budget 2024.
- Forms Changed: The easy forms (ITR-1 and ITR-4) now ask for more details, which some people find a bit harder.
Simple Steps to File Your ITR
Income Tax India shared these tips on Instagram to help you file your taxes:
- Pick the Right Form:
- ITR-1 (Sahaj): If you earn up to ₹50 lakh from a job, one house, or small savings.
- ITR-4 (Sugam): For small businesses or professionals with simple income.
- Check the tax website to find the best form for you.
- Avoid Mistakes:
- Check your tax deductions (TDS) in Form 26AS to make sure they’re correct.
- Don’t forget to add all income, like bank interest or profits from selling shares.
- Link your bank account on the website so you get your refund quickly.
- Get Ready Before Filing:
- Collect papers like Form 16 (from your job), bank statements, and proof of investments.
- Make sure your Aadhaar and PAN details are correct on the website.
- Update your phone number for OTP (a code sent to your phone).
- Use the Tax Website Tools:
- The website has forms that are already filled with some of your details.
- It also has a tax calculator and a guide called “ITR e-Wizard” to help you step by step.
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Why These Changes Are Important
The extra time until September 15 helps you file correctly with the new forms. But some people on X said the forms are a bit harder now because they ask for more details. The new rules about assets and capital gains help the government track taxes better, especially for people who earn a lot.
Tips to File Easily
- Start Now: Don’t wait until the last day—start early to avoid mistakes.
- Use Website Tools: The tax website has tools to make filing faster and easier.
- Ask for Help: If the forms are confusing, talk to a tax expert.
- Follow Updates: Check Income Tax India’s social media for the latest news.
File Your ITR Now
Ready to file your taxes? Go to the official website: Click here. For more tips, see Income Tax India’s post on Instagram: IncomeTaxIndia Instagram.
Copyright and Disclaimer
© 2025 IT Referral Jobs. All rights reserved.
This blog post on IT Referral Jobs is for information only and may change. The Income Tax Department of India is responsible for its ITR details. For the latest updates, visit the official Income Tax India website. This post is not an official announcement and is meant to help readers with ITR updates. For questions, contact the Income Tax Department directly.
