Choosing the Right ITR Form for FY 2024-25: A Quick Guide

by Jobuza Team | Aug 14, 2025 | BLOG, Trending News

Income Tax Return Filing FY 2024-25: Last Date, ITR Form Guide & Common Mistakes to Avoid

The Income Tax Department has extended the deadline for filing Income Tax Returns (ITR) for the Financial Year 2024-25. Taxpayers now have time until 15th September 2025, instead of the earlier due date of 31st July 2025. This extension gives individuals and businesses additional time to gather and file their income details without rushing.

As of early August, more than 2.51 crore ITRs have already been filed, out of which 2.43 crore have been verified and 1.13 crore processed. With only a few weeks remaining, it’s crucial to choose the correct ITR form and file your return on time to avoid penalties or delays in refunds.

Which ITR Form Should You Use?

Selecting the right ITR form depends on your income source and category (individual, HUF, firm, etc.). Filing the wrong form can lead to rejection or delay in processing. Here’s a simple breakdown:

ITR-1 (Sahaj)

• For resident individuals with total income up to ₹50 lakh.

• Income from salary, one house property, and other sources like interest.

• Not applicable for capital gains, lottery income, or foreign assets.

ITR-2

• For individuals and Hindu Undivided Families (HUFs) not having income from business or profession.

• Covers capital gains, multiple house properties, and foreign assets.

ITR-3

• For individuals and HUFs with income from business or profession.

• Also includes partners in firms and freelancers/consultants not under presumptive taxation.

ITR-4 (Sugam)

• For resident individuals, HUFs, and firms (excluding LLPs) with income up to ₹50 lakh.

• Applies to those under the presumptive taxation scheme under sections 44AD, 44ADA, or 44AE.

ITR-5

• For partnership firms, LLPs, AOPs, BOIs, societies, and trusts.

• Includes reporting for MSMEs, startups, and digital assets like cryptocurrency.

ITR-6

• For companies (except those claiming exemption as charitable or religious trusts under section 11).

ITR-7

• For entities such as charitable/religious trusts, political parties, research associations, etc., required to file under section 139(4A) to 139(4F).

Step-by-Step: How to File ITR Online for FY 2024-25

1. Log in to the official Income Tax e-filing portal using your PAN and password.

2. Choose the correct ITR form based on your income and profile.

3. Fill in or import details via the Excel or JSON utility.

4. Validate and preview all fields to ensure accuracy.

5. E-verify your return using Aadhaar OTP, net banking, or other methods.

   Note: E-verification is mandatory. Without it, your return will be considered incomplete.

Documents to Check Before Filing

• Form 26AS

• Annual Information Statement (AIS)

• Bank statements

• TDS certificates

• Investment proofs

• Details of exempt income like PPF, agriculture income, etc.

Common Mistakes That Can Delay Refunds or Invite Notices

Avoid these frequent errors:

• Incorrect bank account details.

• Mismatch in TDS data or income declared.

• Not reporting exempt income like interest from PPF or agricultural earnings.

• Ignoring discrepancies in Form 26AS and AIS.

• Missing the e-verification step after filing.

Final Tips for Hassle-Free Filing

• Use the latest version of the ITR utilities.

• Reconcile all income and TDS data.

• Consider professional help if your income sources are complex.

• File early to avoid last-minute server issues or mistakes.

• Keep acknowledgment and e-verification confirmation for records.

Stay informed, stay compliant. Filing the correct ITR form not only helps avoid penalties but also ensures faster processing of your refund. Always cross-check financial data and documents before submission.

For more personal finance insights and tax updates, stay connected.

Disclaimer: This article is for general informational purposes only. Please consult a qualified tax professional or refer to the official Income Tax Department website for personalized advice before filing your return.

ITR Filing 2025: Is September 15 the Deadline? Key Difference Between Due Date & Last Date Explained

by Jobuza Team | Aug 8, 2025 | BLOG, Trending News

ITR Filing Last Date 2025: Is September 15 the Final Deadline? Understand the Due Date vs Last Date

As the ITR filing season for FY 2024-25 (AY 2025-26) heats up, the Income Tax Department has extended the due date for filing ITR from July 31, 2025 to September 15, 2025 for certain categories of taxpayers.

If you’re still wondering whether September 15 is your last chance to file the return or if you can file later, here’s a simple breakdown of all key dates, rules, and penalties.

Who Needs to File by September 15, 2025?

The new due date of September 15, 2025, applies to:

• Individual taxpayers

• Hindu Undivided Families (HUFs)

• Taxpayers not required to get their accounts audited

This extension was announced by the Central Board of Direct Taxes (CBDT) due to significant updates made in the ITR forms and the additional time required to update the online filing systems and utilities.

Who Has More Time?

If your accounts are subject to audit—like in the case of companies, business owners, and partners in firms—then the deadlines are as follows:

• Audit Report Submission: September 30, 2025

• ITR Filing Due Date: October 31, 2025

As of now, there is no extension announced for audit-related filings. So, if you’re a business or a working partner, it’s crucial to plan accordingly and avoid last-minute rush.

Can You File ITR After the Due Date?

Yes, filing after the due date is still possible, but it comes with a catch. If you miss the September 15, 2025 deadline (for non-audit cases), you can still file your belated ITR until December 31, 2025.

However, late filing may result in:

• A penalty of up to ₹5,000 under Section 234F

• Loss of certain tax benefits, such as carry-forward of losses

• Possible interest on late payment of tax dues

So, even though the last date is December 31, it’s advisable to file as early as possible.

Income Tax Department Issues Scam Alert

Amid the ITR filing rush, the Income Tax Department has also alerted taxpayers about a rising phishing scam.

Fraudsters are sending fake emails claiming tax calculation errors and offering false refund links. These emails often come from donotreply@incometaxindiafilling.gov.in, which closely resembles the official domain to mislead users.

The department has confirmed:

• It never asks for passwords, OTPs, or bank details via email, SMS, or phone

• Taxpayers must verify communications from the official domain @incometax.gov.in

• Any suspicious messages should be reported immediately to webmanager@incometax.gov.in

Final Words

Filing your ITR on time helps avoid penalties, ensures faster processing, and keeps your financial records clean. With the extended due date of September 15, 2025, for non-audit cases and October 31, 2025, for audit cases, taxpayers have more time—but not forever.

Make sure you don’t confuse the due date with the last date. The due date is when you’re expected to file without penalty, while the last date is your absolute deadline to avoid harsher consequences.

Stay updated, file smart, and beware of scams.

Protect Your Gmail: Turn On Two-Factor Authentication Today

by Jobuza Team | Aug 6, 2025 | BLOG, Trending News

How to Protect Your Gmail Account with Two-Factor Authentication (2FA)

Protect Your Gmail: With cyberattacks becoming more common every day, securing your Gmail account is more important than ever. Passwords alone are no longer enough to keep hackers out. That’s where Google’s Two-Factor Authentication (2FA) comes in — adding an extra layer of protection to your email and personal data.

In this guide, you’ll learn what two-factor authentication is, how it works, why it’s essential, and how to set it up quickly.

What is Two-Factor Authentication?

Two-Factor Authentication (2FA) is a security process that adds a second step to your login. Instead of just entering your password, you’ll also need to confirm your identity through your mobile device. This could be a prompt, a code sent via SMS, or a notification from the Google app.

Even if someone manages to steal your password, they won’t be able to access your Gmail without this second form of verification.

How Does Gmail Two-Factor Authentication Work?

Here’s what happens when 2FA is enabled:

1. You enter your Gmail password on a new or unrecognized device.

2. Google sends a notification or code to your registered phone or app.

3. You approve the login request or enter the code.

4. Access is granted only after this extra verification.

Once you verify a device, future logins on that same device usually won’t require the second step, unless you log out or reset your security settings.

Why You Should Use Two-Factor Authentication for Gmail

Enabling 2FA significantly reduces the risk of your Gmail account being hacked. Even if a cybercriminal knows your password, they won’t be able to get in without access to your phone or verification device.

This added protection:

• Prevents unauthorized logins

• Secures sensitive emails and personal data

• Helps protect linked accounts like Google Drive, Docs, and Photos

In short, it gives you peace of mind knowing your digital life is safer.

How to Enable Two-Factor Authentication for Gmail

Setting up 2FA for Gmail is simple and only takes a few minutes. Here’s how to do it:

1. Open Gmail and click on your profile photo in the top right corner.

2. Select Manage your Google Account.

3. Go to the Security tab.

4. Scroll down to How you sign in to Google.

5. Click on 2-Step Verification.

6. Follow the on-screen steps and tap Turn On.

Google will guide you through verifying your phone number or setting up the Google Authenticator app for added security.

Final Thoughts

Two-factor authentication is one of the easiest and most effective ways to protect your Gmail account. In a world full of cyber threats, taking this small step can make a big difference.

Enable it today and take control of your account’s security.

PM Viksit Bharat Rozgar Yojana Launches Aug 1: ₹15,000 Incentive for First-Time Workers – Apply Now

by Jobuza Team | Jul 31, 2025 | BLOG, Trending News

PM Viksit Bharat Rozgar Yojana to Launch on August 1: First-Time Workers to Get ₹15,000 Incentive

The Government of India is set to launch a new employment scheme called Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) starting August 1, 2025. This initiative, announced by the Ministry of Labour and Employment, aims to boost job creation and support economic growth by offering incentives to first-time workers and the employers who hire them.

What is PM Viksit Bharat Rozgar Yojana?

This scheme is part of the broader Viksit Bharat mission and focuses on creating jobs in a sustainable and inclusive way, especially in the manufacturing sector. The goal is to create 3.5 crore jobs in two years, with a budget of ₹99,446 crore.

Of these, nearly 1.92 crore individuals are expected to be first-time workers entering formal employment.

Scheme Duration

• Starts: August 1, 2025

• Ends: July 31, 2027

Scheme Benefits

Part A – For First-Time Employees

• First-time jobholders registered under EPFO (Employees’ Provident Fund Organisation) can get up to ₹15,000 in two instalments.

• Monthly salary must be ₹1 lakh or less.

• 1st instalment after 6 months of continuous employment.

• 2nd instalment after 12 months, along with a basic financial literacy session.

• A part of the amount will be saved in a deposit account, which can be withdrawn later.

• Payment will be made through Direct Benefit Transfer (DBT) using the Aadhar-based payment system.

Part B – For Employers

• Employers hiring new employees (with a monthly salary of ₹1 lakh or less) will get ₹3,000 per employee per month for 2 years.

• In the manufacturing sector, this support will also continue for the 3rd and 4th year.

• To qualify:

  • Companies with less than 50 employees must hire at least 2 new workers.

  • Companies with 50 or more employees must hire at least 5 new workers.

  • New hires must stay on the job for at least 6 months.

• Incentives will be transferred directly to the employer’s PAN-linked account.

Who is Eligible?

Employees:

• Must be joining the workforce for the first time.

• Must be registered with EPFO.

• Monthly salary should be ₹1 lakh or below.

Employers:

• Must be EPFO-registered.

• Must meet the minimum hiring requirement.

• Must retain new employees for at least 6 months.

Summary

The PM Viksit Bharat Rozgar Yojana is a major step toward boosting employment in India. With direct benefits for both workers and employers, the scheme is expected to improve job opportunities, formalise the workforce, and drive long-term growth — especially in key sectors like manufacturing.