🧾 Top Tax-Saving Tips Before 1st July Deadline (Income Tax Filing 2025)
Don’t wait until the last minute – maximize your deductions and file your ITR on time!
📅 Why Is 1st July Important?
The Income Tax Return (ITR) filing deadline for the financial year 2024–25 (AY 2025–26) is 1st July 2025 for most individual taxpayers in India. Filing late can result in penalties, loss of deductions, and delayed refunds. The time to act is now!
💡 Smart Tax-Saving Strategies for FY 2024–25
1. Utilize Section 80C Deductions (Up to ₹1.5 lakh)
Invest in:
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ELSS Mutual Funds
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PPF (Public Provident Fund)
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Tax-saving Fixed Deposits
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Life Insurance Premiums
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Tuition Fees (for children)
2. Claim Health Insurance Under Section 80D
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Up to ₹25,000 for self/spouse/children
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Additional ₹50,000 for senior citizen parents
3. Interest on Home Loan – Section 24(b)
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Deduction up to ₹2 lakhs on interest paid annually
4. National Pension System (NPS) – Section 80CCD(1B)
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Get an additional ₹50,000 tax break over 80C
5. Education Loan Interest – Section 80E
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100% deduction on interest paid (no upper limit)
6. House Rent Deduction – Section 10(13A) or 80GG
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Salaried: Use HRA deduction
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Non-salaried: 80GG up to ₹60,000/year
📲 How to File Your Tax Online in 2025
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Visit incometax.gov.in
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Register/Login using your PAN
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Select “e-File” → “Income Tax Return”
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Fill in salary/income, deductions, and tax paid
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Verify and submit your ITR
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❓ FAQs – Income Tax Filing 2025
Q1. What is the ITR filing deadline for FY 2024–25?
➡️ The deadline is 1st July 2025 for most individuals.
Q2. What happens if I miss the tax filing deadline?
➡️ You may face a late filing fee up to ₹5,000, plus interest on unpaid tax.
Q3. Can I claim tax benefits without submitting proof?
➡️ You must keep proofs (bills, receipts, investment statements), especially for 80C and 80D deductions.
Q4. Can I file ITR online without a CA?
➡️ Yes! The income tax portal allows self-filing with a guided process.
Q5. Can I get a loan while filing ITR?
➡️ Yes. In fact, regular ITR filing improves your loan eligibility and credit profile. Apply through Vizzve Financial for fast approval.