You’re probably eager to get your taxes sorted especially if you’re hoping for a refund. But right now, some crucial information is still missing. If you file too early, there’s a real chance you could make a mistake that costs you time, money, and peace of mind.
Form 16 Isn’t Out Yet
If you’re a salaried employee, Form 16 is your tax bible. It’s issued by your employer, and without it, you’re kind of guessing your numbers.
TDS Details Aren’t Updated in Form 26AS
The deadline for filing TDS returns was May 31, 2025, and the updates in Form 26AS can take up to a week to reflect.
AIS and TIS Documents Are Incomplete
Your Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) help you double-check all the income reported under your PAN. But here’s the catch:
- These reports are not fully updated yet.
- You may miss reporting interest income, capital gains, or other sources if you don’t wait.
Only ITR-1 and ITR-4 Are Available Right Now
Planning to use ITR-2, ITR-3, or other forms? You’ll need to wait. As of now, only ITR-1 and ITR-4 are live on the portal and Excel utility.
So… When Should You File?
Experts Say: Wait Until Mid-June
That’s when:
- Your Form 16 is ready
- TDS updates reflect in Form 26AS
- AIS and TIS get updated
- Most ITR forms go live
This gives you a clear, full picture of your income and deductions—reducing your risk of errors and unwanted notices.
Good News: You’ve Got Plenty of Time
The deadline to file for non-audit taxpayers has been extended to September 15, 2025. So, there’s absolutely no need to panic or rush.
Instead, take this time to:
- Organize your documents
- Wait for the complete data to show up
- Review your income sources carefully
- Consider speaking with a tax expert if needed
Quick Checklist Before You File Your ITR
Here’s what to gather before you hit “Submit”:
- Form 16 from your employer
- Form 26AS with TDS and income details
- AIS and TIS reports
- Interest certificates from banks
- Capital gains statements (if any)
- Investment proofs and deductions under 80C/80D etc.
FAQs – Filing ITR for FY 2024-25
1. Is it safe to file my ITR before June 15, 2025?
Not really. Key documents like Form 16 and AIS might still be incomplete. Filing now could lead to incorrect details.
2. What if I already filed early and made a mistake?
Don’t worry. You can revise your ITR once all data is updated. Just make sure to cross-check everything and file the revised version before the deadline.
3. I’m expecting a refund. Should I wait or file now?
It’s tempting to file early for a quick refund—but if your TDS or income data is missing, it could delay your refund or trigger scrutiny.
4. When will all ITR forms be available?
Most likely by mid to late June 2025, according to previous trends. Keep checking the official income tax portal.