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ITR: Refund is being credited to the bank account within 24 hours of filing ITR, know how to file return in simple steps..

Shikha Saxena July 18, 2025 08:15 PM

The process of filing Income Tax Return (ITR 2025) for the financial year 2024-25 has started. 15 September 2025 is the last date to file the return. If you earn. Your income falls within the tax exemption limit set by the government. TDS is deducted on it, then you should file income tax to get a refund of the deducted TDS. If you do not fall in any tax slab and do a job, then you should also file an income tax return every year. By doing this, you will get many benefits.

The Income Tax Department is also sending refunds at the same speed at which income tax returns are being filed. Earlier, it used to take 20 days to about 1 month for the refund to be credited. Now the refund is coming within 24 hours to 7 days. If you also want a refund, then file your return as soon as possible.

Who is required to file an income tax return?

If your annual salary is more than Rs 2.5 lakh, then you are required to file ITR.
If you have a property abroad, then you have to file a return.
If you have spent more than Rs 2 lakh on travel during a financial year, then it is advisable to file ITR.
If you have an electricity bill of more than Rs 1 lakh during a financial year, then ITR also has to be filed.
If you get income from a trust, then you should file a return.
If you are a real estate investor, then you should file a return.
If you have more than Rs 50 lakh deposited in a savings account, then you have to file ITR.
If the total deposit in the current account is more than Rs 1 crore, then you have to file an income tax return.

Documents required to file ITR?

To file ITR online, you need Form 16, bank statement, salary slip, savings and investment documents, Form 26AS, TDS certificate, details of returns filed last year, house rent receipt, property papers, stock trade statement (if required), and mutual fund sales receipt.

Process of filing ITR

Go to the Income Tax e-filing portal https://www.incometax.gov.in/iec/foportal/.

Now go to the 'e-file' menu. Click on 'Income Tax Return' here.

Choose the ITR form based on your income (ITR-1 or ITR-2 if you have Form 16).

Choose assessment year 2025-26. Verify all the data entered in the form and submit.

After submission, e-verify your return using Aadhaar OTP.

Now upload your return along with all the documents.

E-verification is necessary
Just filling the ITR is not enough. After this, you also have to complete the process of e-verification. If you skip this process, then forget about the refund. Because without this process, your ITR filing will be incomplete. If it is rejected, you may have to do this process again.