ITR Filing 2025: Top 5 Tips To Avoid Mistakes—A Complete Guide

In FY 2024-25, the income tax department will open its first official tax filing opportunity, with ITR forms expected to be available soon.

ITR is a form that details your gross taxable income for the fiscal year and provides information about income and taxes to the income tax department.

India’s Income Tax Department site will allow filing for the assessment year 2025-2026, which is expected to open in April, though no confirmed date is available.

The deadline to submit your return without penalty is July 31, 2024, with belated returns allowed until December 31, continuing for the 2025-26 assessment year.

Here are the top five common mistakes that can occur while filing the income tax returns.

The due date for the submission is July 3, 2025. However, if you fail to meet this deadline, such a mistake results in a fine of Rs 1,000 to Rs 10,000, depending on the duration of the delay.

Selecting the accurate ITR form per your case is extremely important; it may lead to a delay or rejection. Salaried individuals will choose the ITR-1 form, whereas capital gains will select the ITR-2 form.

Make sure to report all your income sources, including interest rates, fixed deposits, rental income, etc. Filling in all the details carefully is mandatory to maintain transparency in comprehensive reporting.

The Annual Information Statement (AIS) and Form 26AS are essential documents that provide detailed information on the taxes deducted through the financial year and the associated FY.

Once done with ITR filing, verifying is extremely important. Verification of returns can now be done electronically through Aadhar OTP and net banking; however, failing to verify will be considered invalid.