There is an alert for those who file Income Tax Return (ITR). The last date for filing ITR for the financial year 2024-25 has been fixed as 15 September 2025 (ITR Filing Last Date). That is, now you have less than 20 days left. If you have not filed your return yet, then delaying it can prove to be costly.
This time, the surprising thing is that the number of ITRs filed so far is not even half of last year's. According to the website of the Income Tax Department, only 3.68 crore returns have been filed till August 25.
Out of these, about 3.54 crore have been verified, and 2.30 crore have been processed. Whereas last year, more than 9 crore returns were filed in the entire financial year. This means that still crores of people are left to file ITR.
So this problem can come.
In view of this, experts believe that those who file returns should file ITR early; otherwise, a big problem can arise in the last days. Because when people suddenly file ITR, they may have to face problems like a server being down.
Earlier, the deadline was 31 July.
This time, the government had extended the deadline. Earlier, the last date was 31 July, which has now been extended to 15 September. This deadline is for those taxpayers who do not need an audit. That is, most of the salaried class people have to file ITR by this date. For those taxpayers who have to get an audit done, the deadline is 31 October.
Those earning 1 to 5 crores are on top.
If we look at the figures, the number of people earning more than 1 crore rupees in the country is increasing rapidly. As of March 31, 2025, 10,814 people with income of more than Rs 10 crore filed returns. At the same time, 16,797 people with an income of 5 to 10 crores and about 2.97 lakh people with an income of 1 to 5 crores filed ITR.
No tax on income up to 12 lakhs
There have also been changes in the tax slab. In the new tax regime, no tax will have to be paid on income up to Rs 12 lakh. Salaried people will also get a standard deduction of Rs 75 thousand. That is, income up to Rs 12.75 lakh will be tax-free. At the same time, a new slab of 25% tax will apply on people with income of 20 to 24 lakhs.
Let us tell you that the Income Tax Department keeps an eye on your every big transaction. The details of your account reach the tax department through the bank. For example, if you deposit more than 10 lakh cash in a savings account or get a big FD-RD done in cash, then its information goes directly to the tax department.
Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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