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ITR Filing: 10 Key Tips First-Time Taxpayers Must Know Before Filing Returns – Details Inside

Filing your Income Tax Return (ITR) for the first time can be a daunting task, but following key tips can simplify the process

The Income Tax Department offers taxpayers including salaried people to file their previous financial year tax returns throughout the new assessment period from 2025–2026. Taxpayers can conduct ITR filing operations on the official portal of the Income Tax Department.

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Simple tax filing occurs when individuals understand tax regulations together with the filing process combined with important supplementary information. The ITR filing procedure stands as a difficult task for novice taxpayers filing their first reports. Every first-time taxpayer needs to follow ten essential steps when preparing their ITR.

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Choose Your Correct ITR Form You need to identify the specific ITR form that suits your financial standing alongside your income type. An ITR form with errors will get rejected. The ITD offers seven different ITR forms: ITR-1 to ITR-7. ITR-V represents an acknowledgment document with no filing functions that demands signature and printing before going to the Income Tax Department when e-verification fails to happen.

Choose Relevant Slab, Tax Regime

Tax regime selection requires determining between Old Regime with standard deduction of Rs 50,000 and New Regime with a different deduction of Rs 75,000. The majority of tax deductions are limited to the older tax scheme since they do not function under the current tax system.

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Gather All Your Available Sources Of Income From Various Locations

It is mandatory to show every source of income during your ITR filing process. You must report your income and assets regardless of total income levels in specific situations although they fall below the tax threshold. The process becomes simpler when you organize all required documents for the submission while keeping your financial records precise.

Collect All Income-Related Documents

Before ITR submission gather every needed document including PAN and Aadhaar Form 16 for salaried individuals and pay slips along with bank interest certificates capital gains statements and rental income records.

Check Your Own Details And Bind Your PAN Card to Your Aadhaar Card

You must link your PAN to Aadhaar because this enables electronic verification later on. You need to double-check that your name birthdate and gender show up exactly as written on your authorized documents.

Verify Available Deductions And Exemptions

Check ahead of time what tax benefits you meet so you can file ITR form properly. When filing the return several specific deductions under sections 80C, 80D and 80E should be considered.

Fill Up The Form Correctly

The taxes-deducted-at-source certificates appear in Forms 16 and 16A. You can use Form 16 exclusively for income coming from salary work. The form consists of two main sections which are named Part A and Part B. Form 16A handles all TDS deductions except income sourced from regular salaries.

Monitor When You Should File Your Earnings Tax Returns

You need to observe the ITR deadline which will be July 31 for financial year 2024–25 through tax assessment year 2025–26. Hindu Undivided Families and individuals who are exempt from audit must submit their Income Tax Return by July 31 of the assessment year.

Look More Closely At The Stronger Income Tax Department Inspections

The Finance Bill 2025 lets the Income Tax Department check if your current tax return data matches what you filed before. The tax authority uses this measure to detect unpaid taxes and promote tax law follow-up.

ITR e-verification

To confirm the accuracy of submitted tax returns the Income Tax Department requires e-verification within 30 days starting the day of filing. E-verification lets the taxpayer confirm that taxes are correct in their filed income tax return.

Also Read: ITR Filing AY 2025-26: File In April? Check When To Expect Your Refund

First published on: Apr 14, 2025 02:45 PM IST


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