If you have not yet filled ** updated ITR (ITR-U) ** for FY 2023-24 **, then you have the last chance of ** March 31, 2025 **. ** Income Tax Department ** has announced a big relief to taxpayers and announced that if they file updated ITR till this date, they will have to pay ** 25% less additional tax and interest **.

** Why is it necessary to file ITR-U before 31 March? **
** 25% less additional tax and interest will have to be paid **
** Small fines and additional financial burden can avoid **
** opportunity to correct the wrong filled ITR **
** Even after announcing hidden income, you have to pay less tax **

** What did the Income Tax Department say? **
The Income Tax Department informed on ** X (Twitter) ** that ** Filling ITR updated by 31 March 2025 will cost 25% less additional tax and interest **. At the same time, if taxpayers ** file ITR-U after this date, then they will have to pay 50% additional tax and interest. **

** How many people have filled the updated ITR so far? **
** According to Minister of State for Finance Pankaj Chaudhary **, ** In the current financial year (2024-25), 4.64 lakh updated ITRs have been filed till 28 February, which led the government to receive ₹ 431.20 crore tax.*
** In FY 2023-24, 29.79 lakh ITR-U was filed and ₹ 2,947 crore additional tax was paid. **

** 31 March 2025 is the last date! Take advantage of ITR-U file and tax benefits soon. **