E-Verify the return (Aadhaar OTP, Net Banking, DSC, or ITR-V post).<\/li>\n<\/ol>\nYou can start preparing and filing your return for AY 2025\u201326 using these forms if you are eligible. Let me know if you want<\/span><\/p>\n\n- A checklist of documents needed<\/li>\n
- Tax planning tips before filing<\/li>\n
- Help with selecting the correct ITR form<\/li>\n
- A comparison of new vs old tax regime based on your income<\/li>\n
- Documents to Keep Ready<\/li>\n<\/ul>\n
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\n- Form 16\/16A<\/li>\n
- Form 26AS, AIS & TIS<\/li>\n
- PAN, Aadhaar<\/li>\n
- Bank statements<\/li>\n
- Investment proofs<\/li>\n
- Home loan\/employment rent receipts<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
<\/span>Old vs. New Tax Regime: What to Know<\/strong><\/span><\/span><\/h3>\n\n- Default Regime for AY 2025-26 is New Tax Regime<\/li>\n
- You can opt for Old Tax Regime if it gives more benefit (e.g., 80C, 80D, HRA, interest on home loan)<\/li>\n
- Form 10-IEA must be filed if opting for Old Regime<\/li>\n
- Common Filing Mistakes to Avoid like Selecting wrong ITR form, Entering incorrect PAN\/Aadhaar\/IFSC, Mismatch between reported income and Form 26AS\/AIS and Not declaring interest income from savings\/FDs.<\/li>\n<\/ul>\n
<\/span>Benefits of Early ITR Filing<\/strong><\/span><\/span><\/h3>\n\n- Avoids last-minute portal congestion<\/li>\n
- Quicker processing and faster tax refunds<\/li>\n
- More time for error correction and rectification<\/li>\n
- Peace of mind and more time for financial planning<\/li>\n
- Improved visibility into income and tax liabilities<\/li>\n<\/ul>\n
<\/span>Who is NOT Required to File ITR (AY 2025\u201326 | FY 2024\u201325)<\/strong><\/span><\/span><\/h2>\n![\"](\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/06\/NO-ITR.jpg\")
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<\/span>1. Income Below Basic Exemption Limit<\/strong><\/span><\/span><\/h3>\n\n
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\n\n\nCategory<\/strong><\/th>\nNew Regime<\/strong><\/th>\nOld Regime<\/strong><\/th>\n<\/tr>\n<\/thead>\n\n\n| Individuals below 60 years<\/td>\n | \u20b93,00,000<\/td>\n | \u20b92,50,000<\/td>\n<\/tr>\n | \n| Senior Citizens (60\u201380 years)<\/td>\n | \u20b93,00,000<\/td>\n | \u20b93,00,000<\/td>\n<\/tr>\n | \n| Super Senior Citizens (80+ years)<\/td>\n | \u20b93,00,000<\/td>\n | \u20b95,00,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n Example<\/strong>: A 59-year-old earning \u20b92.90 lakh with no deductions need not file ITR.<\/div>\n<\/div>\n<\/div>\n<\/div>\n | | | |
![\"Utilities](\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/06\/I-Tax-Dept.jpg\")
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