Summary on File Income Tax Return: The deadline for filing your Income Tax Return (ITR) for Assessment Year 2024-25 has been extended to September 15, 2025. Filing an ITR is mandatory if your total income surpasses the basic exemption limit, which varies under the old and new tax regimes. This article provides a comprehensive guide on how to file your ITR both online and offline, ensuring you meet the extended deadline.
Highlights:
- Extended Deadline: The ITR filing due date for AY 2024-25 (FY 2024-25) is now September 15, 2025.
- Mandatory Filing: It’s compulsory to file ITR if your income exceeds the exemption limit.
- Regime-Specific Exemptions: Basic exemption limits differ for old and new tax regimes, and by age for the old regime.
- Online & Offline Methods: Taxpayers can conveniently file their ITR using either the online or offline utilities provided by the Income Tax Department.
Income Tax Return (ITR) Filing for FY 2024-25: Your Complete Guide to Online and Offline Submission
The clock is ticking, but thankfully, the Income Tax Department has offered a crucial extension! Taxpayers now have until September 15, 2025, to file their Income Tax Return (ITR) for the Assessment Year (AY) 2024-25, which corresponds to the Financial Year (FY) 2024-25.
This extension provides much-needed relief and extra time to ensure accurate and timely submission. But remember, filing your ITR is not just a formality; it’s a mandatory requirement if your total income surpasses the prescribed exemption limit.
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Understanding these income tax exemption limits is crucial. The tax landscape in India offers two primary regimes: the old tax regime and the new tax regime. Under the new regime, the basic exemption limit is a uniform ₹3 lakh for all individuals.
However, the old regime offers varying limits based on age: ₹3 lakh for those below 60 years, ₹3.5 lakh for senior citizens (60 to 80 years), and a generous ₹5 lakh for super senior citizens (above 80 years). Choosing the right regime depends on your financial situation and available deductions.
How to File Income Tax Return (ITR): Online vs. Offline
Whether you prefer the digital convenience or a more hands-on approach, the Income Tax Department facilitates both online ITR filing and offline ITR filing.
Online ITR Filing: A Seamless Digital Experience
The most popular method for filing ITR online is through the official e-filing portal. Here’s a simplified guide to navigate the process:
- Visit the official website: Head to www.incometax.gov.in.
- Login or Register: If you’re a new user, register yourself. Existing users can log in using their PAN card as the user ID and their password.
- Initiate Filing: Navigate to the “e-File” section and select “Income Tax Return.”
- Choose Assessment Year & Form: Select “Assessment Year 2024-25” and identify the applicable ITR form (e.g., ITR-1 for salaried individuals, ITR-4 for presumptive income).
- Review and Fill Details: Many details like income, TDS, and certain deductions are often pre-filled. Carefully review these and fill in any missing or additional information.
- Verify: Once all details are accurately entered, proceed to verify your ITR using options like Aadhaar OTP, Net Banking, or EVC through a pre-validated bank account.
Offline ITR Filing: For Those Who Prefer Utilities
For taxpayers who prefer to prepare their return offline before uploading, the Income Tax Department provides offline ITR utilities.
- Download Utility: From the “Downloads” section of the Income Tax portal, download the relevant offline utility (JSON-based) for your ITR form (e.g., ITR-1 to ITR-4).
- Fill Details: Install and open the utility on your computer. Import your pre-filled data (JSON) and then enter all your income, deduction, and tax details in the utility.
- Generate JSON: Once you’ve filled everything, generate the JSON file from the utility.
- Upload and Verify: Log in to the e-filing portal and upload this generated JSON file. Complete the process by verifying your return as mentioned in the online filing method.
Income Tax Exemption Limits for FY 2024-25 (AY 2025-26)
To help you quickly understand the basic exemption limits, here’s a table summarizing both regimes:
| Category | Old Tax Regime (Exemption Limit) | New Tax Regime (Exemption Limit) |
| Individuals (Below 60 years) | ₹3,00,000 | ₹3,00,000 |
| Senior Citizens (60-80 years) | ₹3,50,000 | ₹3,00,000 |
| Super Senior Citizens (80+ years) | ₹5,00,000 | ₹3,00,000 |
Note: The new tax regime generally offers lower tax rates but fewer deductions and exemptions compared to the old regime.
Don’t wait until the last moment! Utilize this extended deadline to file your Income Tax Return accurately and avoid any penalties. Remember, staying compliant with income tax regulations is key to a smooth financial journey.
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Team GPK News
