Tax Season Update: Over 7 Lakh Returns Filed So Far for Assessment Year 24-25

Tax Season Update: Over 7 Lakh Returns Filed So Far for Assessment Year 24-25

As taxpayers gear up for the tax filing season for the assessment year 24-25, recent data from official sources sheds light on the progress made in filing returns. The figures reveal that a substantial number of returns have already been processed, indicating a proactive approach from taxpayers in meeting their tax obligations. Let’s delve into the details of this tax season update and explore the steps involved in filing Income Tax Returns (ITRs) online.

The significant number of verified returns underscores the active participation of taxpayers in adhering to tax regulations. Tax authorities attribute this positive trend to the concerted efforts of both taxpayers and regulatory bodies in ensuring timely compliance and accurate filing.

Filing ITRs has been made more convenient with the introduction of online platforms. The Income Tax Department’s e-filing portal offers a seamless experience, enabling taxpayers to file their returns from the comfort of their homes or offices.

Logging In

Accessing ‘File Income Tax Return’

Selection of Assessment Year

Indicating Filing Status

Choosing the ITR Type

Reason for Filing ITR

Validation of Pre-filled Information

E-verification of ITR

‘Pay Later’ Option

The Income Tax e-filing portal now offers a ‘Pay Later’ option, allowing taxpayers to complete the filing process before making tax payments.

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