By Admin 
ITR Filing and Tax Refund: The deadline of ITR filing for FY 2024-25 has been increased this time by the Income Tax Department. Generally, the last date to file ITR is 31 July. But this time, due to some special reason, taxpayers have been given time to file ITI by 15 September 2025. On the one hand, while it is a relief for many people, on the other hand it also means that people will expect more refunds this time, which is given as interest from the Income Tax Department.
If you pay more tax as TDS, Advance Tax or Self Assessment, then you are given a refund after filing ITR. According to Section 244A of the Income Tax Department, interest is given by the Income Tax Department at a rate of 0.5 percent per month on high tax deduction.
This time more refund will come
Interest starts from April 1 of the assessment year and it continues until the refund is released. In such a situation, when the date of filing ITR has been extended by one and a half months, in such a situation if your refund is processed in October, then you will get two months extra interest.
The thing to note here is that when you get interest on tax refund, it is taxable under income from other sources and will have to be told in ITR. However, despite more refund, experts are also warning about such interest.
Refund will be given early from ITR filing quickly
This means that after filing ITI quickly, it will be processed quickly. You will get a refund soon and you can use that money as a better option elsewhere. Therefore, instead of delaying the ITR file, it is better, so it will be better, so that you will get money on time.
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