ITR Filing for AY 2025-26: When will it begin and how soon can you expect a refund?

ITR Filing for AY 2025-26: With the start of the new financial year 2025–26, the attention of taxpayers across the country shifts towards income tax return (ITR) filing. The Income Tax Department is expected to soon notify the online ITR forms for Assessment Year (AY) 2025–26, which will formally open the filing window.

ITR Filing for AY26: When will it start?

The Central Board of Direct Taxes (CBDT) typically releases the relevant ITR forms in the first few months of the financial year. For AY 2025–26 (FY 2024–25), the forms are likely to be notified and made available for e-filing by April. This aligns with last year’s trend, where forms were released in February and e-filing began in April.

However, for most salaried employees, the actual filing process begins later — usually in late May or June — after they receive Form 16 from their employers. This document, which summarises the total salary paid and tax deducted at source (TDS), is crucial for accurate filing. As per norms, employers are required to issue Form 16 by June 15.

So, while the portal may be accessible by April, salaried taxpayers are expected to file their returns primarily from mid-June onward, once all necessary documentation is in place.

Refund Timeline: How quickly can you receive it?

For those expecting a tax refund — typically due to excess TDS or advance tax — there’s encouraging news. The Income Tax Department has streamlined the refund process, with most refunds now being credited within 7 to 20 days of filing, subject to:

• Prompt verification of return (via Aadhaar OTP or other methods)
• Pre-validated and PAN-linked bank account
• No discrepancies or mismatches in the filed return
• Taxpayers who file early, especially before the July 31 deadline for non-audit cases, are more likely to receive quicker refunds.

Key Reminders for AY26 ITR Filing:

• E-filing window likely to open: April 2025
• Form 16 issuance deadline: June 15, 2025
• ITR filing deadline (for non-audit cases): July 31, 2025
• Refund processing time: 7–20 days in most cases

Taxpayers are also provided with pre-filled ITR forms on the e-filing portal, especially beneficial for salaried individuals and small taxpayers. However, experts advise thoroughly reviewing the pre-filled data before submitting the return to avoid errors or delays.