The most effective way to maximize your income tax refund in 2025 is to follow smart strategies informed by the latest ITR updates while avoiding common filing mistakes. With recent changes in tax rules and filing deadlines, being proactive is more important than ever.

At JS Financial Services, with 15+ years of expertise in taxation and compliance, we guide individuals and businesses in filing ITR accurately and strategically. Our team ensures that you claim all eligible deductions, avoid common filing mistakes, and stay updated with the latest rules—so you can maximize your refunds while enjoying a hassle-free tax filing experience

Latest ITR Filing Updates (AY 2025–26)

  • Extended Deadline: The last date for non-audit taxpayers to file ITR for FY 2024–25 (AY 2025–26) is now 15 September 2025 (extended from 31 July).



  • Tax Regime Selection: The new tax regime is now the default, but taxpayers can opt for the old regime until 15 September. After the deadline, only the new regime applies.



  • Updated ITR Forms: Taxpayers must use the latest ITR form utility released for AY 2025–26 to avoid mismatches and technical issues.



Smart Strategies for Maximizing Refunds

  1. Claim All Deductions and Exemptions



    • Utilize 80C, 80D, Section 24(b) and other provisions for investments, health insurance, and housing loans.



    • Consider PPF, EPF, NSC, Tax Saver FDs, ELSS, and tax-free bonds.



    • Use HRA and LTA exemptions with proper documentation (rent receipts, landlord's PAN).



  2. Pick the Right ITR Form

    Choosing the correct form ensures deductions and exemptions apply smoothly:



    • ITR-1: Salaried income up to ₹50 lakh (no capital gains/business income)



    • ITR-2: Salary + capital gains/investments



    • ITR-3: Business/profession income



    • ITR-4: Presumptive income scheme



  3. Reconcile Income and Tax Credits

    Always cross-check Form 16, Form 26AS, and AIS to ensure TDS, advance tax, and income details match.



  4. Report All Income

    Disclose salary, interest, dividends, freelance/business income, and capital gains. Underreporting can delay refunds and trigger notices.



  5. Carry Forward Losses

    Offset this year's income against past losses (capital, business, or speculative).



  6. File Accurately and On Time

    Filing by 15 September 2025 ensures timely processing and quick refunds. Don't forget e-verification after filing.



  7. Stay Updated

    Monitor the Income Tax portal for any last-minute rule changes that could affect refund eligibility.



Common Mistakes to Avoid

  • Selecting the wrong ITR form.



  • Mismatch in income/TDS data between AIS, 26AS, and Form 16.



  • Over-claiming deductions without proof.



  • Filing after the deadline, which restricts old regime choice.



  • Incorrect PAN, bank account, or address details.



Action Checklist Before Filing

  • Gather documents: Form 16, Form 26AS, AIS, investment proofs, rent receipts.



  • Confirm latest rules on incometax.gov.in.



  • Reconcile income, deductions, and TDS.



  • File before 15 September 2025.



  • Complete e-verification for faster refunds.



How JS Financial Services Helps You

Filing ITR on your own can be stressful, especially with constant rule changes. At JS Financial Services, we:

  • Guide you in selecting the right ITR form.



  • Ensure you claim all possible deductions.



  • Double-check reconciliations with AIS, 26AS, and Form 16.



  • Help you avoid errors that delay refunds.



  • File and e-verify returns on your behalf for maximum peace of mind.



Contact us today: +91 73400 02251

Website: www.jsfinancials.in

 Email: info@jsfinancials.in

Our Expertise, Your Success — Simplify ITR Filing with JS Financial Services.