Income Tax e-Filing in India
in India
We handle your Income Tax e-Filing in India end-to-end, ensuring correct ITR form, accurate income reporting, timely submission, and maximum refunds.
What Is Income Tax e-Filing?
Income Tax e-Filing is the process of submitting your income details, deductions, and tax payments electronically to the Income Tax Department of India through a secure online portal. This digital method of filing your Income Tax Return (ITR) has simplified the traditional paper-based process, making it faster, more convenient, and accessible from anywhere at any time. e-Filing allows individuals, salaried employees, self-employed professionals, and business owners to report their income, claim deductions, and calculate the taxes owed or refunds due accurately.Filing your income tax return is not just a legal obligation but also an important step in maintaining financial discipline and credibility. Timely and accurate e-Filing ensures compliance with tax laws, helps in claiming tax refunds efficiently, and serves as proof of income for loans, visas, and other financial transactions. Moreover, e-Filing reduces the chances of errors, speeds up processing, and allows taxpayers to track the status of their returns in real-time.In today’s digital era, e-Filing has become an essential part of personal and business financial management. It enables seamless reporting of all types of income, whether it is from salary, business profits, capital gains, or other sources, and ensures that taxpayers stay transparent and accountable to the government. By adopting e-Filing, you not only comply with Indian tax regulations but also strengthen your financial record, paving the way for smoother financial planning, investment opportunities, and legal assurance.
Why File Your Income Tax Return in India?
Mandatory Tax Compliance
Tax filing is mandatory if income crosses ₹2.5L (under age 60), ₹3L (age 60–79), or ₹5L (80+). These are the basic exemption limits.
Claim Tax Refunds
Only e-filing allows you to claim refunds for excess TDS or advance tax paid.
Visa, Loans & Financial Proof
Proof ITR documents are required when applying for visas, business loans, or credit facilities.
Carry Forward Losses
Report business/investment losses on time to offset them in future years.
Boost Financial Profile
Regular ITR filing reflects responsible financial behavior—trusted by banks and institutions.
Who Needs to File ITR in India?
- Salaried Individuals
- If your annual income exceeds the basic exemption limit (₹2.5L–₹5L based on age), you must file.
- Self-Employed Professionals
- Freelancers, consultants, doctors, and others with taxable income must e-file ITR.
- Business Owners (SMEs, Startups, LLPs, Companies)
- All businesses—profit or loss—must file annual returns.
- NRIs & RNORs
- Required to file if earning in India or holding foreign assets/income.
- Capital Gains / Dividend / Interest Earners
- Income from crypto, stocks, mutual funds, FDs, or bonds must be reported.
- Foreign Asset Holders
- Even if income is below threshold, ITR is mandatory for overseas assets.
- High-Value Transactions
- High-Value Transactions must be filed if you have deposited ₹1 crore or more in current accounts, spent ₹2 lakh or more on foreign travel, or paid ₹1 lakh or more in annual electricity bills.
- Refund Claimants
- Claiming TDS refund? Filing ITR is a must.
- Charitable & Religious Trusts
- Must file returns for accountability and tax compliance.
Mandatory ITR Filing – Even If Income Is Below Exemption
You must file ITR if any one of the following applies:
- TDS or TCS exceeds ₹25,000 (₹50,000 for senior citizens)
- Business turnover exceeds ₹60 lakh
- Professional income exceeds ₹10 lakh
- Deposit of ₹1 crore or more in current accounts
- Spending over ₹2 lakh on foreign travel
- Electricity expenses over ₹1 lakh in a financial year
- You own or earn from foreign assets, cryptocurrency, or digital assets
Documents Required for ITR e-Filing
- Personal Details
- PAN Card
- Aadhaar Card (linked)
- Bank Account Details (for refund)
- Income Proofs
- Salary Slips
- Form 16 (Salary TDS)
- Form 16A/16B (Other TDS)
- Capital gains reports
- Rent receipts (for HRA)
- Form 26AS / AIS Statement
- Deduction Proofs (80C / 80D / 80G etc.)
- Life/Health Insurance Receipts
- Home Loan Interest Statement
- Investment Proofs (ELSS, PPF, NSC, LIC)
- Donations Receipts
Types of ITR Filings
- Original Return – Filed within due date under Section 139(1)
- Revised Return – Correct mistakes under Section 139(5)
- Belated Return – Filed after due date under Section 139(4)
- Updated Return (ITR-U) – Missed previous filings? File under Section 139(8A) within 4 years (additional taxes apply)
Due Dates for ITR Filing (FY 2024–25)
- Individuals (Non-Audit): 15 Sept 2025
- Audit Cases: 31 Oct 2025
- Transfer Pricing: 30 Nov 2025
- Revised / Belated Returns: 31 Dec 2025
- Updated Return: 12 months from the end of the relevant assessment year
Types of ITR Filings
- Original Return – Filed within due date under Section 139(1)
- Revised Return – Correct mistakes under Section 139(5)
- Belated Return – Filed after due date under Section 139(4)
- Updated Return (ITR-U) – Missed previous filings? File under Section 139(8A) within 4 years (additional taxes apply)
Post-Filing: What to Do Next?
- E-Verify Your ITR
- Use Aadhaar OTP or EVC. If that fails, send signed ITR-V to CPC Bengaluru for completion.
- Track Return Status
- Log in to the Income Tax portal to monitor filing, processing, or refund status.
- Respond to IT Notices (if any)
- Get expert help for replies or rectifications.
- Ensure Refund Credit
- Pre-validate your bank account to receive refunds.
Penalties for Not Filing ITR
- ₹1,000 late fee if income < ₹5 lakh
- ₹5,000 late fee if income > ₹5 lakh
- 1% monthly interest on unpaid tax
- No refund without filing
- Ineligibility to carry forward losses
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Eligibility for ITR Filing in India
If your gross income exceeds exemption limits, you’re required to file an ITR.
Old Tax Regime – FY 2024–25
Exemption Limits Based on Age
- Below 60 years: ₹2,50,000
- 60–80 years (Senior Citizens): ₹3,00,000
- 80+ years (Super Senior Citizens): ₹5,00,000
Resident Individuals Aged 60-80 Years
Taxpayers above 60 years of age and below 80 years enjoy a basic exemption limit of Rs.3 lakhs, making income up to Rs.3 lakh exempt from tax.
| Income Slabs | Income Tax Returns |
|---|---|
| Up to Rs. 3 lakh | Nil |
| Rs. 3 lakh - Rs. 5 lakh | 5% |
| Rs. 5 lakh - Rs. 10 lakh | 20% |
| Above Rs 10 lakh | 30% |
Resident Individuals Aged More Than 80 Years
Taxpayers aged above 80 years will enjoy a basic exemption limit of Rs. 5 lakh, making income up to Rs. 5 lakh exempt from tax
| Income Slabs | Income Tax Returns |
|---|---|
| Up to Rs. 5 lakh | NIl |
| Rs. 5 lakh - Rs. 10 lakh | 20% |
| Above Rs 10 lakh | 30% |
Section 87A provides a rebate for individual taxpayers whose income is below a specified threshold. while under the old regime, it is Rs. 5 lakh. If your income falls within these limits, your tax liability will be reduced to zero.
New Tax Regime – FY 2024–25
Exemption Limit for All Individuals (irrespective of age): ₹3,00,000
Slab Rates (FY 2024–25):
Income Tax Slab for New Regime - FY 2024-25
If you're filing your income tax return for FY 2024-25, these are the tax slabs that apply to the income earned between 1st April 2024 and 31st March 2025.The Duw date for filing your return is 15th September for non-audit cases and 31st October for audit cases.
| New Income tax slabs for FY 2024-25 (AY 2025-26) | New Income tax rate for FY 2024-25 (AY 2025-26) |
|---|---|
| Up to Rs. 3 lakh | Nil |
| Rs. 3 lakh - Rs. 7 lakh | 5% |
| Rs. 7 lakh - Rs. 10 lakh | 10% |
| Rs. 10 lakh - Rs. 12 lakh | 15% |
| Rs. 12 lakh - Rs. 15 lakh | 20% |
| Above Rs. 15 lakh | 30% |
Section 87A provides a rebate for individual taxpayers whose income is below a specified threshold. Under the new tax regime, the limit is Rs. 7 lakh
FAQ
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Find quick, reliable answers to your most common questions here
Yes. If your total income exceeds the basic exemption limit or if you're involved in specific financial transactions, e-filing is mandatory. This includes salaried individuals, freelancers, business owners, and NRIs.
The correct ITR form depends on your income type such as salary, business income, capital gains, or rental income. YesToBoss helps you choose the right form based on your income profile.
Yes. You can file a belated return under Section 139(4) until December 31 of the assessment year. Late filing may result in penalties under Section 234F.
You can correct any errors by filing a revised return under Section 139(5) before December 31 of the assessment year.
Yes. Even without Form 16, you can file your ITR using salary slips, bank statements, and Form 26AS as income proof.
