ITR Filing 2025 In the first 5 days of income tax return filing for the financial year 2024-25, about 1.25 lakh returns have been filed. However, this year return filing has started a little late. In this news, we are telling when the processing of returns will start after filing. When are the taxpayers who are entitled to a refund expected to get it?
Income Tax Return filing 2025 for FY 2024-25 or Assessment Year 2025-26 has officially started. More than 1.23 lakh returns (ITR) have been filed in the first five days. 90% of these returns have also been verified. Now people’s attention is on when the Income Tax Department will start processing returns and refunds (ITR refund status).
Return filing started late this year
The Income Tax Department has started the filing process for FY 2024-25 with the release of Excel-based utility (V1.0) and validation tool. These tools support ITR-1 (Sahaj) and ITR-4 (Sugam). Soon after releasing the offline tool, the department also started online filing of ITR-1 and ITR-4 with pre-filled data through the e-filing portal.
This year’s ITR filing started later than usual due to the delayed release of the forms and related utilities. ITR forms were made available by the end of April, but the filing utilities were made available only after some time.
So many returns filed in the first five days
After the delayed start, taxpayers are filing returns rapidly. Within just 5 days of the release of the utility, more than 1.23 lakh (ITR e-filing statistics) ITRs were filed and more than 1.12 lakh were verified. Now the question arising in the minds of taxpayers is when will the processing of ITR and the refund process start.
Return processing and refund till when
Broking firm Angel One has written in a blog that the Income Tax Department can start processing returns by mid-June 2025. In the absence of any mistake on the part of the taxpayer, the refund usually arrives in his bank account within 5 to 7 days of the issuance of the information.
