ITR Filing: ITRs are being filed rapidly in the last minute; more than 1 crore tax returns can be filed today

ITR Filing: Looking at the speed at which returns are being filed today, it seems that this time it will cross the figure of 7.8 crores. So far, 6.29 crore returns have been filed for the assessment year 2025-26.

ITR Filing: The deadline for filing income tax returns (ITR) is today. Today, being the last date, more than 1 crore tax returns are expected to be filed. So far, 6.29 crore returns have been filed for the assessment year 2025-26. There has been a jump of 7.5 percent in ITR filing as compared to last year.

Looking at the speed at which returns are being filed today, it seems that this time it will cross the figure of 7.8 crores. Earlier, 6.77 crore returns were filed in the assessment year 2023-24, 5.82 crore in 2022-23, and 5.77 crore in 2021-22.

Today is also the deadline for advance tax.

Experts say that due to the second installment of advance tax, the challenges have increased further from the deadline of September 15, which will put a double burden on taxpayers and professionals. Let us tell you that the deadline for paying the second installment of advance tax is also September 15, while its first installment has to be paid by June 15. In the second installment of advance tax, up to 45 percent of the total tax has to be paid.

Let us tell you that people whose tax liability is Rs 10,000 or more annually. That is, those who have to pay tax of Rs 10,000 or more in a year. The Income Tax Department gives them the option of paying tax in installments. People whose income is not deducted from TDS have to pay advance tax. This includes people earning through stock market or mutual funds, freelancers, NRIs.

Help desk also arranged

Meanwhile, the Income Tax Department on Sunday denied the report claiming that the deadline for filing tax returns is being extended till September 30. A 24x7 help desk has also been arranged to help taxpayers while filing ITR. Under this, support is being provided through calls, live chat, X and WebEx sessions.