The clock’s running out for individual taxpayers! With the Income Tax Return (ITR) filing deadline for FY 2024–25 set for July 31, 2025, it’s crunch time for salaried professionals, freelancers, and small business owners.
Missed the deadline? Expect late fees up to ₹5,000 under Section 234F.
Let Vizzve Finance help you avoid it.
✅ ITR Filing Checklist – July 2025 Edition
1️⃣ Keep These Documents Handy
PAN Card & Aadhaar Card
Form 16 (for salaried individuals)
Form 26AS (TDS summary)
Annual Information Statement (AIS)
Bank statements, interest certificates
Capital gains statements (if applicable)
Rent receipts for HRA
Investment proofs (Section 80C, 80D etc.)
2️⃣ Choose the Right ITR Form
| ITR Form | Who Should Use It |
|---|---|
| ITR-1 (Sahaj) | Salaried individuals with income up to ₹50L |
| ITR-2 | For capital gains, more than 1 house, foreign income |
| ITR-3 | Business/professional income |
| ITR-4 (Sugam) | Presumptive income under 44AD, 44ADA |
💡 Vizzve Tip: Use Vizzve’s ITR form finder tool to get your correct form in 30 seconds.
3️⃣ Verify TDS & AIS Data Online
Cross-check your Form 26AS and AIS with employer TDS, interest income, mutual fund redemptions, and property sales.
🚨 Discrepancy = Possible tax notice!
4️⃣ Claim Deductions & Tax Benefits
Don’t forget to add:
₹1.5L under 80C (LIC, PF, PPF, ELSS, tuition, etc.)
₹25k–₹75k under 80D (health insurance)
₹50k under 80CCD(1B) (NPS)
₹2L on home loan interest under Section 24
🧾 Use Vizzve’s Deduction Maximizer to ensure you claim every rupee you're eligible for.
5️⃣ Pay Self-Assessment Tax, if Due
Use the e-pay tax feature on the Income Tax portal.
Late payments attract 1% interest per month under Section 234B/234C.
6️⃣ E-File on the Official Portal
Visit https://www.incometax.gov.in and:
Choose ‘e-File’
Upload JSON or fill directly
Verify via Aadhaar OTP or net banking
🛡️ Vizzve Pro Tip: Save acknowledgment (ITR-V) and download computation PDF for future needs (loan, visa, etc.)
🚨 What If You Miss the Deadline?
Late Filing Penalty: ₹1,000 to ₹5,000
Loss Carryforward Disallowed: Can’t carry forward capital losses
Higher TDS: For non-filers under Section 206AB
No Revision Benefit: Can’t revise ITR if filed after due date
🧠 FAQs – Last-Minute ITR Filing 2025
Q1: Can I still file after July 31?
A: Yes, as a belated return (with penalty) until December 31, 2025.
Q2: Can I revise my ITR later?
A: Only if filed before July 31. Post-deadline filers lose revision rights.
Q3: What if I don’t have Form 16?
A: Use salary slips + Form 26AS + AIS to estimate income and file with help of a CA or use Vizzve Tax Advisor.
💼 Final Word from Vizzve Finance
The ITR deadline is strict, but Vizzve makes it simple.
📲 Use Vizzve’s “Smart Tax Assistant” to:
Auto-fill data from Form 26AS
Maximize deductions
Avoid common errors
File directly from your dashboard
🚀 File now. Avoid fines. Stay stress-free.
Published on : 21st July
Published by : SMITA
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