Archive · 2 Jun 2025
Income Tax Return Forms for FY24-25 Released; Form 16 Key
The government has released the new income tax forms for the next year.
If you get a salary, you'll need Form 16 from your employer to file correctly.
Form 16 has all your salary and tax information.
The filing system is open, but it's best to wait until all the tax information is updated to avoid errors.
You usually have until the end of July to file, but the government can change the date.
Filing helps you get back any extra taxes you paid.
ITR forms for Assessment Year 2025–26 have been notified by the Income Tax Department.
Salaried individuals typically receive Form 16 in mid-June, which is needed for accurate filing.
Form 16 includes details of salary income and tax deducted at source (TDS).
Taxpayers can technically file ITRs now, but experts recommend waiting for updated Form 26AS and AIS.
ITR filing deadline is typically July 31 unless extended by the government.
- Who
- Income Tax Department and taxpayers, especially salaried individuals
- What
- Income tax return (ITR) forms for Assessment Year 2025–26 have been released.
- When
- ITR forms are notified; Form 16 is typically available in mid-June; filing deadline is July 31
- Where
- N/A
- Why
- To file accurate income tax returns, claim refunds, and comply with tax regulations.
- Assessment Year
- 2025–26
- Form 16 Issuance
- Mid-June (typically)
- Form 16 Content
- Salary income and TDS details
- Recommended Waiting Period
- Until Form 26AS and AIS are updated
- ITR Deadline
- July 31 (usually)
