1. What is ITR Filing and why is it important?
Income Tax Return (ITR) filing is the process of submitting your income and tax details to the Income Tax Department of India. It is important because:
- It is mandatory if your income exceeds the taxable limit.
- Helps in claiming tax refunds.
- Required for loan processing, visa applications, and financial proof.
- Helps maintain a clean financial and legal record.
2. Who should file ITR in India?
You should file ITR if:
- Your total income exceeds βΉ2.5 lakh (for individuals below 60 years).
- You are a freelancer, salaried individual, professional, or business owner.
- You have income from house property, capital gains, or foreign assets.
- You want to claim TDS refund or carry forward losses.
- Required for loan processing, visa applications, and financial proof.
- Helps maintain a clean financial and legal record.
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3. Which ITR form should I use for FY 2024-25 (AY 2025-26)?
- ITR-1 (Sahaj): For salaried individuals with income up to βΉ50 lakh.
- ITR-2: For income from capital gains, house property, or foreign assets.
- ITR-3: For professionals and individuals with business income.
- ITR-4 (Sugam): For presumptive income under sections 44ADA, 44AE, or 44AD.
4. What are the benefits of filing ITR online with ITR Filing India?
- Quick & accurate e-filing with expert assistance.
- Filing available for all ITR forms.
- Affordable pricing starting from just βΉ299.
- Secure handling of your documents and data.
PAN India service with phone/WhatsApp support
5. What documents are needed for ITR filing?
You may need:
- Form 16 from employer (for salaried individuals)
- PAN & Aadhaar Card
- Bank statements
- Investment proofs for deductions (80C, 80D, etc.)
- Rent receipts, loan interest certificates, etc.
- Capital gain statements (if applicable)
6. What is the last date to file ITR for FY 2024-25?
The due date to file your ITR for Financial Year 2024-25 (Assessment Year 2025-26) is 15th Sept. 2025 for individuals who are not required to get their accounts audited.
7. Can I file ITR without Form 16?
Yes. You can file your ITR even if you donβt have Form 16, by using your salary slips, bank statements, and investment details. Our team can guide you step-by-step.
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8. Which is better: Old tax regime or New tax regime?
It depends on your income level and exemptions claimed. The Old Regime allows for deductions (80C, 80D, HRA), while the New Regime offers lower tax rates but no deductions. Our tax consultants will help you choose the most beneficial option.
9. Is it safe to file ITR online through your website?
Absolutely. At ITR Filing India, we use end-to-end encryption and follow strict data privacy protocols. Your personal information and documents are always secure.
10. How can I get help if I have questions during the ITR process?
You can contact our support team via:
- π§ Email: info@itrfileindia.com
- π Call/WhatsApp: +91-9309862464
Weβre here to help you 7 days a week.
Advice and answers form our Expert Teem
# Aadhaar and PAN Related
I don't have an Aadhaar, can I still file tax?
No, you cannot e-file without Aadhaar card. If you don’t have an Aadhaar card, please apply for one and quote the Aadhaar enrollment number.
Do NRIs need Aadhar to file tax?
Only a resident Indian is entitled to sign up for the Aadhar card in India. Indians who have lived outside India for more than six months (182 days) in the last 12 months, do not have to quote an Aadhar number. But if you have an Aadhaar card, it is a good idea to mention it in your tax return and then e-file.
# Deductions
What are some of the deductions that can be claimed?
You can reduce your tax liability by claiming deductions from your income. Deductions are available under section 80C, 80CCC, 80D, 80DD, 80DDB, 80U, 80G, 80GGC, 80RRB, 80CCG, 80E, 80TTA
What is the maximum limit that can be claimed under section 80C?
Section 80C allows a maximum deduction of Rs 1.5 lakh every year from the taxpayers total income. Section 80C includes subsections 80CCC, 80CCD (1), 80CCD (1b) and 80CCD (2)
It is important to note that overall limit including the subsections for claiming deduction is Rs 1.5 lakh except an additional deduction of Rs 50,000 allowed u/s 80CCD(1b)
Can I get an additional Rs 50,000 tax benefit if I opt for NPS if my 80C is already filled with PF, FD and home loan?
Yes, if you have exhausted the Section 80C limit of Rs 1,50,000, then consider investing in NPS. Deduction for self-contribution to NPS – section 80CCD (1b) has been introduced for an additional deduction of up to Rs 50,000 for the amount deposited by a taxpayer to their NPS account.
What is the maximum deduction available on medical insurance under section 80D?
Every individual or HUF can claim a deduction from their total income under section 80D for medical insurance premium paid in any given year.
The deduction benefit is available not only for a health insurance plan for self but one can also take the advantage of buying the policy to cover spouse, or your dependent children or parent.
It is over and above the deductions claimed under section 80C.The amount of deduction allowed under section 80D prior to Budget 2015-16 was Rs 15,000 which was then increased to Rs 25,000. In case of senior citizens , the deduction limit was increased from Rs 30,000 to Rs. 50,000
# Exemptions - HRA
Can a salaried person get exemption under Section 80GG?
If you are salaried and receive HRA from your employer, you cannot claim this deduction. Submit the rent receipts to your employer and this will be included in your Form 16.
If you are salaried and do not receive HRA as part of your salary, then you can claim deduction under section 80GG for rent.
How do I claim HRA if I forgot to submit rent receipts to my company?
Please be sure to have the rent receipts with you if you are claiming HRA in the tax return directly. After your tax return is submitted and processed, the Department may ask you to upload the rent receipts on the Income Tax website
How can I claim HRA that is not considered by my second company?
You will require your payslip or offer letter to determine your basic salary and the HRA allowance your employer gives you.