Get Ready for ITR Filing Season 2025: What You Can Do Before June 1st

Contents Covered

• Introduction
• Decide: DIY Filing or Professional Help?
• Start Collecting These Essential Documents
• Be Ready to Verify Form 26AS, AIS & TIS — From June Onward
• Organize Your Tax-Saving Declarations
• Track Advance Tax or Self-Assessment Tax Paid
• Conclusion

Introduction:

The Income Tax Return (ITR) filing window for FY 2024–25 is set to open soon — just 13 daysaway. Whether you’re a salaried individual, freelancer, or business owner, preparing in advance can save time, reduce stress, and help you avoid last-minute errors. Here’s a practical guide on what you can start doing now to make your ITR filing smooth and hassle-free.

Decide: DIY Filing or Professional Help?

Before you dive into collecting documents or logging into
the portal, it’s important to decide:

• Will you file your ITR yourself using the Income Tax Portal or software?
• Or will you take the help of a Chartered Accountant or tax professional?

Regardless of your choice, keeping your documents ready in advance will ensure timely and error-free filing.

Start Collecting These Essential Documents

Begin gathering all relevant financial documents. Here’s a checklist:

• Form 16 (for salaried individuals)
• Bank account statements (for interest income, high-value transactions, etc.)
• Interest certificates from banks and post offices
• Capital gains statements from brokers (equity, mutual funds, property sales)
• Summary of income details (salary, business, rental, other sources)
• Rent receipts (for HRA claim)
• Investment proofs (LIC, PPF, ELSS, etc. under 80C)
• Medical insurance premium receipts (for 80D deduction)
• Donations receipts (for 80G)
• Home loan interest certificate
• Education loan interest certificates (80E)
• Any other deductions/claims documents

Be Ready to Verify Form 26AS, AIS & TIS — From
June Onward

Although these reports can only be fully verified after May 31st, you should be aware that:

• Form 26AS shows your tax deducted at source (TDS) and advance tax
• AIS (Annual Information Statement) & TIS (Taxpayer Information Summary) reflect reported financial transactions

👉 Tip: From next month, check these on the income tax portal to ensure all income and TDS details are correctly captured.

Organize Your Tax-Saving Declarations

Make sure all your tax-saving proofs are in one place:

• Section 80C investments
• Section 80D (medical insurance)
• Section 80G (donations) Education loan interest, NPS contributions, etc.

This helps ensure you don’t miss out on any eligible deductions.

Track Advance Tax or Self-Assessment Tax Paid

If you’ve paid any advance tax or self-assessment tax during the year:

• Keep the challans (payment receipts) ready
• These can be downloaded or verified from the Income Tax Portal

This will be helpful while reconciling your final tax liability and ensuring smooth return filing.

Conclusion:

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