Complete Guide to Income Tax Return Filing for Salaried Individuals in India (Assessment Year 2025-26)

Filing an Income Tax Return Filing (ITR) is a crucial responsibility for every salaried individual in India. It ensures transparency in earnings and compliance with tax laws. With the assessment year 2025-26 underway, understanding the updated rules and procedures for ITR filing is more important than ever. Corpbiz.io brings you a comprehensive guide to help salaried individuals navigate the ITR filing process with ease.

Key Changes in Income Tax for AY 2025-26

This year, several changes have been introduced in the income tax structure. The new tax regime offers lower tax rates but fewer exemptions, while the old regime continues to provide traditional deductions. The standard deduction for salaried employees remains at Rs. 50,000. Taxpayers earning up to Rs. 7 lakh under the new regime are exempt from tax due to the rebate under Section 87A. Choosing between the new and old regime depends on individual financial planning, and Corpbiz.io can assist in making the right choice.

Eligibility Criteria for Filing ITR

Any salaried person whose total income exceeds the basic exemption limit must file an income tax return filing rules. For FY 2024-25, the exemption limit is Rs. 2.5 lakh under the old regime and Rs. 3 lakh under the new regime. Even if the income is below the threshold, it is advisable to file ITR to claim refunds, carry forward losses, or establish financial documentation for visa and loan applications. Filing ITR also serves as proof of income and is useful for various official purposes.

Step-by-Step Guide to Filing ITR for Salaried Persons

  1. Collect all necessary documents such as Form 16, salary slips, interest certificates, and investment proofs.

  2. Register or log in to the Income Tax Department's e-filing portal.

  3. Choose the appropriate ITR form, usually ITR-1 for salaried individuals.

  4. Fill in personal information, income details, and tax deductions under various sections such as 80C, 80D, etc.

  5. Verify tax computation and check if any additional tax is payable.

  6. Submit the return online and verify it through Aadhaar OTP, bank account, or net banking.

  7. After verification, download the acknowledgment for future reference.

Corpbiz.io offers expert assistance throughout this process to ensure error-free and timely submission.

Common Mistakes to Avoid

Filing incorrect personal information such as PAN or bank details, selecting the wrong ITR form, failing to report interest income, or forgetting to verify the return are common errors that can lead to notices or delays. Additionally, not reconciling Form 26AS and AIS with actual income can cause mismatches. Corpbiz.io helps clients review their ITR thoroughly to avoid these pitfalls.

Benefits of Timely ITR Filing

Timely filing helps in availing faster refunds, avoiding penalties, and staying compliant with tax laws. It also builds a credible financial record, which can support loan and visa applications. Filing on time prevents interest charges under Sections 234A and 234F. Corpbiz.io ensures that your returns are filed well before the deadline to provide peace of mind and financial security.

Conclusion

Filing an income tax return is not just a legal obligation but a vital step in responsible financial management. With multiple changes in tax laws and evolving procedures, salaried individuals must stay updated and compliant. Corpbiz.io simplifies the process by providing end-to-end support—from document preparation to final submission and expert advice. Don’t wait for the deadline; consult Corpbiz.io today to file your ITR efficiently for AY 2025-26.


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