As we move into the assessment period for Financial Year 2024-25 (AY 2025-26), it is essential for all taxpayers—especially salaried individuals—to prepare for ITR filing (Income Tax Return) on time. Filing ITR is not only a legal obligation but also helps you claim TDS refunds, avoid penalties, and keep your financial records clean for future needs such as loans or visa applications.
What is the ITR Filing Due Date?
The due date to file your ITR for individuals (whose accounts are not subject to audit) is 31st July 2025 (CBDT has decided to extend the due date of filing of ITRs, which are due for filing by 31st July 2025, to 15th September 2025). If you’re a business or professional whose accounts need auditing, the due date is 31st October 2025. For those required to file a report under transfer pricing regulations, the due date is 30th November 2025. Filing beyond the due date can attract a penalty of up to ₹5,000 under Section 234F, and may disqualify you from carrying forward losses or claiming TDS credits.
When Should You Start Filing?
Although the deadline is at the end of July, it is ideal to begin preparing your return from May or June 2025. Employers generally issue Form 16 by 15th June, and by that time, Form 26AS, AIS (Annual Information Statement), and TIS (Taxpayer Information Summary) are also updated with your TDS and financial transaction details. Starting early ensures you avoid last-minute rushes, helps in quicker refunds, and gives you ample time to correct discrepancies if any.
Why Salaried Individuals Must File ITR
Many salaried taxpayers assume that since TDS has already been deducted, there’s no need to file ITR. However, filing your return is critical to claim refunds, avoid future notices, and maintain a financial history. In many cases, excess TDS is deducted, and the only way to claim it back is by filing your ITR. Moreover, banks, visa authorities, and credit agencies often ask for past ITRs as proof of income.
TDS Credit: Form 26AS, AIS, and TIS
Before filing, every taxpayer must verify TDS credits reflected in Form 26AS—a consolidated tax credit statement available on the TRACES portal. Additionally, the Income Tax Department now provides AIS and TIS which include not just salary but all major transactions like interest, dividends, stock trades, etc.
The AIS gives a comprehensive report of your financial activities, while TIS offers a summarised version. Always cross-check these reports to ensure that all income is correctly reported and TDS credits are accurately reflected. If you notice any errors, you can submit feedback on the AIS portal to request corrections.
Conclusion
Even if your income is not taxable, filing your ITR ensures peace of mind and can be beneficial in various scenarios. With changes in reporting systems and TDS deductions, salaried individuals should be proactive. Begin collecting your Form 16, review your Form 26AS and AIS/TIS statements, and file your return well before 31st July 2025 to avoid penalties and receive refunds quickly.
Why Choose Compliansia for Your ITR Filing?
Filing your Income Tax Return (ITR) isn’t just a compliance formality — it’s a crucial step to stay legally safe, financially secure, and avoid unnecessary complications with the tax department. At Compliansia, we simplify the entire process, ensuring that your return is accurate, timely, and optimized for maximum savings. Whether you are a salaried individual, a freelancer, or a growing business, our expert team is here to guide you every step of the way.
Benefits of Filing ITR with Us:
- ✅ Avoid Late Fees & Penalties – We track all deadlines and file well in advance.
- ✅ Maximize Your TDS Refunds – Ensure full credit for your TDS and income declarations.
- ✅ Review AIS/TIS & Form 26AS – Avoid mismatches or notices from the tax department.
- ✅ Accurate Tax Planning – Benefit from professional insights to reduce your tax burden.
- ✅ Priority Support – Get personalized assistance from qualified tax professionals.
- ✅ Data Confidentiality & Security – Your financial details are safe with us.
- ✅ Free Consultation – Understand your tax position with no hidden charges.
Don’t risk filing incorrectly or missing out on important deductions and credits. With us, you gain peace of mind, professional support, and financial confidence.