ITR Filing 2025 Decoded: Who Should File? When To File? How To File? All Your Questions Answered Here

ITR Filing 2025: As the Income Tax Return (ITR) filing season has begun, many taxpayers are preparing to report their income, claim deductions, and ensure timely compliances with the income tax laws. While ITR filing might be a routine for seasoned taxpayers, but it can be a daunting task for the first-timers.

The Income Tax Department has released nearly all ITR forms for the assessment year 2025-26 and there are a lot of notifications, official notices related to ITR filing. For those who are struggling with ITR filing process for 2025, here's a quick recap of all the basics of ITR filing, as explained by Income Tax India.

ITR Filing 2025 FAQs: All Your Income Tax Return Doubts Cleared

It is not mandatory for all the taxpayers to file ITR, as there are certain terms and conditions related to ITR filing. Additionally, there are many categories of filing ITR based on individual's income, and other factors.

ITR FIling 2025: Who Should File?

-An individual with an income higher than basic exemption limit (before deductions). Under the new tax regime, basic exemption limit is Rs 3 lakh for FY25.

-An company or firm is required to file ITR (regardless of profit or loss).

-An individual with foreign assets/income, or a signing authority in foreign account.

-An individual or company which has deposited more than Rs 1 crore. in a bank account (current account) or has more than Rs 50 lakh of saving bank a/c in a financial year.

-A person with foreign travel expenses more than Rs 2 lakh.

-A person with an electricity bill of more than Rs 1 lakh in an FY.

-An individual who is liable for TDS/TCS in a FY ≥ ₹25,000 (₹50,000 for senior citizens)
-A company with a business turnover > ₹60 lakh or professional receipts > ₹10 lakh.

-Individuals who are otherwise required under law.

Why To File?

Income tax return can be filed for reporting income from all sources (salary, business, property, etc.). Individuals can also file ITR to claim eligible tax deductions and exemptions. Additionally, they can file ITR to pay additional tax (if due) or claim a refund (if excess tax was paid). File ITR to comply with the law and maintain a record with the government, according to Income Tax India.

When To File ITR?

ITR filing deadline is different for different categories. For Individual / HUF / AOP / BOI (no audit cases), ITR filing deadline is 31st July 2025. Meanwhile, for businesses (audit), deadline for filing ITR is 31 October 2025. Taxpayers can file revised ITR for assessment year 2024-25 till 31 December 2025. Belated ITR filing deadline for the mentioned AY is 31 December, 2025. Individuals can file updated ITR (four years from end of assessment year) till 31 March.

How To File ITR?

ITR filing can be done online as well as offline. Individuals can file ITR by downloading the applicable ITR form, filling it with exact and appropriate details, saving the generated JSON file and then uploading it.
To file online ITR, individuals are required to enter the relevant data directly online at e-fling portal and submit it.