Frequently Asked Questions

E-filing of Income Tax Returns refers to the process of filing tax returns online. As mandated by the Income Tax Department, individuals are required to file their returns electronically, with the exception of super senior citizens (aged 80 years and above) using Form 1 or Form 4, who are permitted to file their returns offline in paper format.

E-filing is a quick and convenient process that can be completed from the comfort of your home or office in just four minutes using FileYourTax. Alternatively, taxpayers may also file their returns directly on the Income Tax e-filing portal.

Individuals, including Non-Resident Indians (NRIs), must file an Income Tax Return (ITR) if their Gross Total Income (GTI) exceeds the basic exemption limit.

• Under the old tax regime, the basic exemption limit is ₹2.5 lakh.
• Under the new tax regime, the basic exemption limit is ₹3 lakh.
• For senior citizens (aged 60–79 years), the exemption limit is ₹3 lakh.
• For super senior citizens (aged 80 years and above), the exemption limit is ₹5 lakh.

Additionally, individuals must file an ITR even if their income is below the exemption limit if they meet any of the following criteria:

• Deposited an amount exceeding ₹1 crore in current accounts.
• Spent over ₹2 lakh on foreign travel.
• Paid ₹1 lakh+ electricity bill.
• Business turnover exceeds ₹60 lakh.
• Professional receipts exceed ₹10 lakh.
• TDS/TCS exceeds ₹25,000.
• Deposited ₹50 lakh+ in savings accounts.

Taxpayers can file their ITR electronically through:

• The Income Tax e-Filing portal: https://www.incometax.gov.in/iec/foportal/
• FileYourTaxe-filing platform, which allows users to file their returns efficiently in under four minutes.

The Central Board of Direct Taxes (CBDT) has officially extended the due date for filing Income Tax Returns (ITRs) for the Assessment Year (AY) 2025–26. The original deadline of 31st July 2025 has been extended to 15th September 2025 for taxpayers whose accounts are not required to be audited

If a taxpayer fails to file their ITR before the due date, they may still submit a belated return by31st December of the assessment year, unless extended by the government. However, a belated return is subject to penalties underSection 234F, depending on the delay.

Filing an ITR online is a straightforward process and can be done in minutes through File Your Tax:

• 1. Visit File Your Tax and click on “File ITR Now.”
• 2. Select your source of income and proceed.
• 3. Upload Form 16 if you are a salaried individual (or proceed without it).
• 4. Enter relevant details such as Financial Year, PAN, Aadhaar, deductions, and bank details.
• 5. Review your tax computation and click “File My ITR.”

For professional assistance, expert CAs at File Your Tax can ensure accuracy, maximize deductions, and optimize tax refunds.

6. To file an ITR using Form 16, follow these steps:

• 1. Select "File It Yourself" on File Your Tax and click “File ITR Now.”
• 2. Upload Form 16, and the system will automatically extract the relevant details.
• 3. Verify and modify the tax computation if required.
• 4. Click "File My Return" to complete the process.

Yes, an ITR can be e-filed without Form 16. Salary slips and essential documents such as Form 26AS, AIS, and TIS provide the necessary income and deduction details for filing a return.

Failure to file an ITR within the due date may result in penalties and interest, including:

1. Late Filing Fee: Up to ₹10,000, depending on the delay.
1. o ₹5,000 for belated ITRs filed after the due date but before 31st December.
2. o ₹10,000 for returns filed after 31st December.
2. Interest on Outstanding Tax: Charged at 1% per month on the unpaid tax amount from the due date until payment.
3. Loss of Tax Benefits: Late filers may lose benefits such as carry-forward of losses and TDS refunds.
4. Prosecution: Willful failure to file an ITR may result in prosecution under Section 276CC, leading to fines and imprisonment.

Once an ITR is filed, taxpayers must:

1. Check their email inbox for confirmation and the ITR-V acknowledgment.
2. Verify the ITR within 30 days, as processing only begins after verification. Unverified returns will be considered invalid.
3. Carefully review the ITR-V for accuracy.
4. Track the status of any tax refund to stay updated on processing timelines.

ITR verification is a mandatory step for processing. The time limit for verification is now 30 days (reduced from 120 days for returns filed on or after 1st August 2022 ).

Failure to verify an ITR within this period will result in the return being invalid, meaning it will be treated as if no return was filed.