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 corpzo shared  corpzo's post
on May 29 2025 at 07:51 AM Edited public
 corpzo
on May 29 2025 at 07:51 AM
Income Tax e-Filing, Return Filing Due Date, ITR Status, Calculator & Refund Status – Corpzo.com

Filing your Income Tax Return (ITR) is a vital annual financial responsibility that every earning individual and entity must fulfill. Whether you're a salaried professional, self-employed, or run a business, income tax filing ensures compliance with the law and unlocks various financial and legal benefits. In today’s digital age, the government has made Income tax e-filing easier, faster, and more t...  more
Income Tax e-Filing, Return Filing Due Date, ITR Status, Calculator & Refund Status – Corpzo.com

Filing your Income Tax Return (ITR) is a vital annual financial responsibility that every earning individual and entity must fulfill. Whether you're a salaried professional, self-employed, or run a business, income tax filing ensures compliance with the law and unlocks various financial and legal benefits. In today’s digital age, the government has made Income tax e-filing easier, faster, and more transparent through its official online portal.

In this detailed article from Corpzo.com, we’ll cover everything you need to know about:

How to file ITR online

Income tax return filing due date

How to check your ITR status

Using the Income tax calculator

Checking your Income tax refund status

Let’s walk you through each of these key topics to ensure smooth and hassle-free ITR filing for FY 2024-25 (AY 2025-26).

✅ What is Income Tax e-Filing?
Income tax e-filing refers to the process of electronically submitting your income tax return on the official portal of the Income Tax Department of India – https://www.incometax.gov.in. The process is fully digital and allows you to:

Submit your income details

Claim deductions and exemptions https://www.corpzo.com/indirect-taxation

Calculate and pay your taxes

Generate acknowledgments and track refund status

E-filing is safe, fast, and cost-effective, eliminating the need for physical submission of documents.

📅 Income Tax Return Filing Due Date – FY 2024-25
One of the most crucial aspects of tax filing is staying aware of the Income tax return filing due date.

📌 Due Date for Individuals & Salaried Taxpayers: 31st July 2025

If you miss the deadline, you may face:

A late fee of up to ₹5,000 under Section 234F

Interest on outstanding tax under Sections 234A & 234B

Inability to carry forward certain losses

Hence, it is strongly recommended to file your return well before the due date.

📋 Documents Required for ITR Filing
Before initiating the process of e-filing, keep the following documents ready:

PAN Card and Aadhaar Card

Form 16 from your employer

Form 26AS – Tax credit statement

Bank account details

Salary slips

Proof of investments (for claiming deductions under Section 80C, 80D, etc.)

Interest income certificates

Loan repayment statements (home, education)

Rent receipts (for HRA claim)

🧾 Step-by-Step Guide to Income Tax e-Filing
Here’s a simple walkthrough for filing your income tax return online:

Step 1: Log In
Visit https://www.incometax.gov.in

Register or log in using your PAN, password, and OTP

Step 2: Select Filing Option
Click on e-File > Income Tax Returns > File Income Tax Return

Choose the correct Assessment Year (2025-26)

Step 3: Choose ITR Form
Based on your income source:

ITR-1 for salaried individuals (income < ₹50 lakh)

ITR-2 for capital gains or multiple properties

ITR-3/4 for professionals and business owners

Step 4: Enter & Validate Details
The portal auto-fills data from Form 26AS, AIS, and Form 16

Cross-check and update income, deductions, and taxes paid

Step 5: Tax Computation
Use the Income tax calculator on Corpzo.com or the portal to:

Check your tax slab

Compute total tax payable

Identify eligible deductions and exemptions

Step 6: Pay Tax (if required)
If you owe additional tax:

Pay via Challan 280

Note the payment reference number (CIN)

Step 7: Submit and E-Verify
After submission, you must verify your ITR through: https://www.corpzo.com/llp-annual-filing

Aadhaar OTP

Net Banking

Bank EVC

Sending ITR-V to CPC, Bengaluru (if offline)

Only after verification, your return is considered valid.

📊 How to Use the Income Tax Calculator
An Income tax calculator helps you estimate your tax liability in advance. It factors in:

Annual salary/income

Deductions under various sections (80C, 80D, 80E, etc.)

HRA, LTA, and other exemptions

Interest on home loans

Corpzo.com offers a free online tax calculator designed for salaried individuals, freelancers, and professionals. Simply enter your income and expenses to instantly know your approximate tax liability.

🔍 How to Check ITR Status
After you file and verify your return, you can check the ITR status to know if your return has been processed.

Steps to check:
Log in to incometax.gov.in

Go to e-File > View Filed Returns

Select the Assessment Year

The status will show as:

Filed: Successfully submitted

Verified: Awaiting processing

Processed: Successfully completed

Defective: Needs correction

You’ll also receive updates via email and SMS.

💸 Income Tax Refund Status – How to Track
If you’ve paid excess tax, you’re eligible for a refund. Here’s how to check your income tax refund status:

Method 1: Income Tax Portal
Go to View Filed Returns

Click on your return to see refund details

Method 2: NSDL Refund Portal
Visit https://tin.tin.nsdl.com/oltas/refundstatuslogin.html

Enter PAN and Assessment Year

The refund status will be displayed (e.g., Sent to Bank, Processed, Failed)

💡 Tip: Ensure that your bank account is validated on the portal to avoid refund delays.

⚠️ Common Mistakes to Avoid in ITR Filing
Using the wrong ITR form

Not declaring interest income

Ignoring income from other sources

Claiming ineligible deductions

Mismatching Form 16 and 26AS

Not verifying the ITR on time

These errors may lead to notice, delays, or penalties.

💼 Why Choose Corpzo.com for ITR Filing?
At Corpzo.com, we offer:

Expert consultation for salaried, freelancers, and business owners

Help with choosing the right ITR form

Investment and deduction guidance

Assistance in claiming HRA, capital gains, and refunds

Tracking ITR and refund status

Support in case of notices from the IT Department

With us, filing your return is as easy as uploading your documents and relaxing—we handle the rest.

📣 Final Thoughts
Filing your Income Tax Return is not just a statutory requirement; it’s a financial best practice. Filing on time ensures you avoid penalties, claim refunds quickly, and maintain clean financial records.

✅ To Recap:
Income tax e-filing is simple and paperless

ITR filing due date: 31st July 2025

Use tools like the Income tax calculator

Always check your ITR status and refund status

Avoid common errors and consult experts when in doubt

Let Corpzo.com help you file accurately, on time, and stress-free!

📞 Get in Touch
Corpzo.com – Your Tax Filing Expert

Brand Name:- CorpZo
Address:- G 10, Sector 63, Noida, India, 201301,
Email:- reach@corpzo.com,
Phone:- +91 9999 139 391,
Web Address:- https://www.corpzo.com  
Indirect Taxation, Indirect Taxes, Indirect Tax, GST, Custom, Excise, VAT, Indirect Taxes, GSTR-1, GSTR-2, GSTR-3B, finance government
Indirect taxes - From the name, it is cleared that those taxes which are collected indirectly from individuals and body corporate are termed as...
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