The due date for filing Income Tax Returns was on July 31, 2024, and the taxpayers who have successfully filed their ITRs by the deadline can expect the refund to be deposited into their bank accounts shortly.
The Income Tax Department set a new record with 7.28 crore ITR filings for the fiscal year 2024-25, marking a 7.5% increase from last year. A notable 72% of taxpayers opted for the new tax regime.
The I-T department's helpdesk has been operational 24x7, offering support through calls, live chats, WebEx sessions, and social media to assist taxpayers with ITR filing and related services.
ITR Filing 2024: Today is the deadline for ITR filing. Taxpayers who have filed their returns and are due a refund can expect processing to take 15 to 45 days after e-verification. Refund status can be checked online using a PAN card on the Income Tax e-filing portal.
Income Tax Return (ITR) filing is the process through which individuals and entities report their income, deductions, and tax liabilities to the government. This is done to comply with tax laws and ensure that the correct amount of tax is paid.
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