Step-by-Step Guide to File ITR for FY 2024-25 (AY 2025-26)

Step-by-Step Guide to File ITR for FY 2024-25 (AY 2025-26)

1️⃣ Gather Required Documents

Make sure you have the following documents ready:

• PAN Card
• Aadhaar Card
• Form 16 (from employer)
• Form 26AS (tax credit statement)
• AIS/TIS (Annual Information Statement/Taxpayer Information Summary)
• Bank account details
• Interest certificates from banks/post office
• Capital gains statement (if applicable)
• Rent receipts (if claiming HRA)
• Investment proofs (for deductions under 80C, 80D, etc.)
• Loan statements (home loan, education loan, etc.)
• Any other income details (freelance, side business, etc.)

2️⃣ Login to the Income Tax Portal

• Visit the official website: https://www.incometax.gov.in/iec/foportal
• Click on “Login” on the top right.
• Enter your PAN as User ID, password, and captcha code.

3️⃣ Select Filing Option

• After login, go to ‘e-File’ > ‘Income Tax Return’ > ‘File Income Tax Return’.
• Select the Assessment Year as 2025-26.
• Choose ‘Online’ as the filing mode.

4️⃣ Select the ITR Form

• Based on your income type, choose the correct form:

• ITR-1 (Sahaj): Salary/pension, one house property, other income, total income < ₹50 lakhs.
• ITR-2: For individuals with capital gains, more than one house property, foreign income.
• ITR-3: For income from business/profession.
• ITR-4 (Sugam): Presumptive business income.

The portal usually suggests the correct form based on your data.

5️⃣ Fill the Basic Information

• Personal Information: PAN, Aadhaar, Name, DOB, Address, Email, Phone (pre-filled; verify).
• Filing Status: Select whether you are filing ‘Original Return’ or ‘Revised Return’.

6️⃣ Declare Income Details

• The portal may auto-fetch some data from AIS/TIS/Form 26AS. Verify and edit if needed.

✅ Sections to fill:

• Salary income: Auto-filled from Form 16 or AIS; verify.
• House property income: Rent received or loss from home loan interest.
• Other income: Interest from savings, FD, RD, dividends, etc.
• Capital Gains: From sale of shares, property, mutual funds (if applicable).
• Business/Professional income: If applicable.

7️⃣ Claim Deductions

• Go to the ‘Deductions’ section.
• Claim under:
• 80C (LIC, PF, PPF, ELSS, tuition fees, etc.)
• 80D (medical insurance)
• 80TTA/80TTB (interest from savings or FD for senior citizens)
• 80G (donations)
• 80E, 80EE, etc. (education loan, home loan)

8️⃣ Tax Paid Details

• Verify:
• TDS from salary (Form 16)
• TDS from banks (Form 26AS)
• Advance Tax/Self-Assessment Tax if paid
• Cross-check with Form 26AS and AIS.

9️⃣ Compute Total Tax Liability

• The portal will compute:
• Gross total income
• Deductions
• Net taxable income
• Tax payable/refundable

✅ If tax is payable, you can pay online via Challan 280 through the portal.

🔟 Select Bank Account for Refund

• Add or verify your bank account details.
• Make sure it is pre-validated on the income tax portal for refunds.

1️⃣1️⃣ Review Your Return

• Carefully review every section:
• Check spelling errors, PAN, Aadhaar, bank details.
• Verify income and deduction figures.
• Click on ‘Preview Return’.

1️⃣2️⃣ Submit the ITR

• Once verified, click ‘Submit’.

1️⃣3️⃣ e-Verify Your Return

• Your ITR is valid only after verification. Modes to e-verify:
• Aadhaar OTP (Quickest)
• Net Banking
• Bank ATM
• Digital Signature Certificate (DSC)
• Send signed ITR-V to CPC Bangalore (if not e-verifying online)

🔔 Confirmation

• After e-verification, you will get an acknowledgment (ITR-V Acknowledgement) on your email.
• Refund (if any) is usually processed within a few weeks.

⚙️ Check ITR Status

• Login to the portal anytime.
• Go to ‘e-File’ > ‘Income Tax Return’ > ‘View Filed Returns’ to check status.

🚦 Important Deadlines

• Due date for individuals (without audit): 31st July 2025
• With audit: 31st October 2025

✅ Helpful Tips

• Check Form 26AS and AIS before starting.
• Ensure your PAN is linked with Aadhaar.
• Use AIS to cross-check interest income, dividends, or capital gains.
• If confused, use the “Help” section on the portal or consult a tax expert.

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Ghanesh

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