– The deadline for filing income tax returns for AY 2024-25 is July 31, 2024, with no extension announced yet
– Taxpayers are urged to file their returns on time to avoid penalties
– Glitches have been reported on the e-filing portal, prompting requests for deadline extension
– ITR filing late can result in penalties up to Rs. 5,000 for incomes over Rs. 5 lakh
– Taxpayers can check the status of their income tax refund online using their PAN card
– Online platforms charge between Rs. 500 to Rs. 1,000 for ITR filing
– Form 16 is issued by employers for tax deduction at source, detailing salary and TDS amounts
– Penalties for late filing of ITR can be up to Rs. 5,000 if furnished before December 31 of the assessment year