These Taxpayers Find It Easier To File Itrs - Expert Gives Away Tips On Smooth Filing Of Tax Returns

The Central Board of Direct Taxes (CBDT) has announced an hold of nan ITR filing deadline for AY 2025-26 to September 15, 2025, owed to important changes successful ITR forms. Salaried labor request to statement updates successful Form 16 and nan preamble of caller reporting requirements.

The Central Board of Direct Taxes (CBDT) has extended nan income taxation return (ITR) filing deadline for Assessment Year (AY) 2025-26 to 15th September 2025. This hold from nan accustomed 31st July deadline comes arsenic a consequence to nan "extensive changes introduced successful nan notified ITRs and considering nan clip required for strategy readiness and rollout of ITR utilities for Assessment Year (AY) 2025-26." Despite this extension, nan deadline for employers to rumor Form 16 remained astatine 15th June, allowing salaried individuals ample clip to hole their filings. Employers are expected to adhere to this timeline to facilitate timely taxation compliance.

Deepak Jain, Founder and CEO of TaxManager.in, successful a file connected a news website, said Form 16 remains a pivotal archive for salaried individuals, summarising net earned, deductions claimed, and Tax Deducted astatine Source (TDS) during nan financial year. This year, it includes further fields for declaring income from different sources, specified arsenic liking aliases dividends, via Form 12BAA, which must beryllium submitted to employers. These updates purpose to heighten accuracy and compliance, pinch an accent connected reporting ample expenses for illustration overseas recreation aliases high-value purchases, which are captured nether Tax Collected astatine Source (TCS). Accurate reporting ensures that taxpayers tin debar discrepancies and imaginable audits. 

Significant changes for this twelvemonth besides see updates to nan modular deduction, pinch nan aged authorities maintaining Rs 50,000 and nan caller authorities expanding it to Rs 75,000.

Additionally, elaborate disclosures nether net heads specified arsenic House Rent Allowance (HRA) and Leave Travel Allowance (LTA) are required to guarantee meticulous claims of exemptions and deductions. A caller section, Column 388A, has been introduced to seizure TDS and TCS from non-salary sources, aligning employer records pinch authorities information much closely. This alignment helps successful reducing errors and ensuring transparency successful nan taxation filing process.

Jain said salaried individuals are advised to hole basal documents -- Form 16, Form 12BAA, if applicable, slope liking certificates, rent receipts, and aid receipts. They should besides cross-check nan Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) connected nan Income Tax portal to corroborate nan correct signaling of each income sources and transactions.

Keeping these documents fresh tin forestall errors successful taxation computation and debar imaginable notices from taxation authorities owed to mismatches aliases missing data. This proactive attack tin importantly easiness nan filing process. 

While these changes purpose to streamline nan process, taxpayers should workout diligence successful selecting nan due taxation regime. Errors successful this prime could lead to overpayment aliases missed deductions. Those pinch further income sources for illustration rental income, superior gains, aliases freelance net look accrued complexity, requiring a deeper knowing of taxation rules and meticulous reporting, Jain added.

Despite these challenges, nan wide filing process for salaried individuals has go much manageable pinch pre-filled forms, easing nan yearly task of taxation compliance. The intelligence discomfort that often accompanies taxation filing tin beryllium alleviated by knowing nan process amended and utilising disposable resources effectively, frankincense transforming a daunting task into a much straightforward one. 

Published on: Jul 3, 2025 7:26 PM IST