ITR presents Ay 2025-26: With the beginning of the new financial year 2025–26, the attention of taxpayers throughout the country changes towards the presentation of the Income Tax Declaration (ITR). The rental tax department is expected to notify the ITR online forms for the evaluation year (Ay) 2025–26, which will formally open the presentation window.
Irr presentation of Ay26: When will it begin?
The Central Direct Tax Board (CBDT) generally releases the relevant ITR forms in the first months of the financial year. For Ay 2025–26 (for fiscal year 2024–25), the forms are likely to be notified and made to the AV sheet for electronic installation in April. This is aligned with the trend last year, where the forms were published in February and the electronic presentation began in April.
However, for most salaried employees, the real presentation process begins later, usually at the end of May or June, after receiving form 16 of their employers. This document, which summarizes the total paid salary and the tax deduced at the source (TDS), is crucial for a precise presentation. According to the standards, employers must issue form 16 before June 15.
Therefore, although the portal can be accessible to April, salaried taxpayers are expected to submit their statements mainly since mid -June, once all the necessary documentation is in force.
Refund timeline: How fast can you receive it?
For those who expect a tax refund, usually due to the excess of TD or anticipated taxes, there are encouraging news. The Income Tax Department has simplified the refund process, and most reimbursements are now accredited within 7 to 20 days after the presentation, subject to:
- Promise verification of retention (through AADHAR OTP or other methods)
- Pre-Validated Bank Account Linked to the pan
- There are no discrepancies or mismatches in the declaration presented
- Taxpayers who present early, thick the deadline of July 31 for cases that are not hearing, are more likely to receive faster reimbursements.
Key reminders for the presentation of Ay26 it:
- Electronic presentation window that will probably open: April 2025
- FORM 16 EMISSION DEPERDY: June 15, 2025
- ITR presentation deadline (for non -hearing cases): July 31, 2025
- Refund processing time: 7-20 days in most cases
Taxpayers are also proportioned with other preloaded ones on the electronic presentation portal, especially beneficial for salaried individuals and small taxpayers. However, experts advise to thoroughly review the previously complete data before sending the return to avoid errors or delays.
