Close Menu
    Facebook X (Twitter) Instagram
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    Facebook X (Twitter) Instagram
    FlickonclickFlickonclick
    • Home
    • Entertainment
      • Biography Corner
      • Photos
    • Lifestyle
    • News
      • Finance
      • Fitness
      • Technology
    • Trending
    • Cricket
    • Advertise with Us
    FlickonclickFlickonclick
    Home » Finance » Big Relief for Small Taxpayers – No Need to File ITR for TDS Refund
    Finance

    Big Relief for Small Taxpayers – No Need to File ITR for TDS Refund

    By Virat VermaJuly 23, 2025
    Facebook Twitter WhatsApp Email Reddit
    No need to file ITR for TDS

    Small taxpayers in India may soon get a significant relief. The requirement to file an Income Tax Return (ITR) just to claim a TDS (Tax Deducted at Source) refund may soon be removed. Instead, taxpayers may only need to fill out a simple form to get their refund.

    A parliamentary committee reviewing the Income Tax Act 2025 has made this recommendation, and the government has reportedly accepted it. According to sources, the committee suggested that taxpayers who are not liable to pay income tax but have had TDS deducted should be exempted from filing an ITR just for claiming a refund. Instead, a simple refund claim form should be introduced to make the process easy.

    Government Has Accepted the Proposal

    It is being reported that the government has accepted this recommendation, and it will be implemented as part of the amendments to the Income Tax Act 2025. The CBDT (Central Board of Direct Taxes) has been tasked with creating a simple process or form for those who fall below the taxable income limit and only need to claim a TDS refund.

    Also Read: Income Tax Dept Raids Truecaller India Offices in Tax Evasion Case

    How the New System Will Work

    Instead of filing a full ITR, taxpayers will be allowed to submit a simple form. This form will be based on the TDS details shown in Form 26AS. Taxpayers can fill this new refund form using the data from Form 26AS and claim their refund easily from the Income Tax Department.

    Under the new tax regime, if your annual income is up to ₹12.75 lakh and you have submitted all the necessary tax-related documents, you may not be required to pay any income tax. However, in many cases, banks or employers deduct TDS due to missing documents. As a result, people with non-taxable income still have to file ITR to claim their refund.

    With this upcoming change, such individuals will no longer need to go through the hassle of ITR filing just for a refund—making the process simpler and more convenient.

    Income Tax
    Previous ArticleBig Changes Coming to UPI from August 1 – Balance Check to Auto Payments, Everything Will Change
    Next Article Rashel Kolaneci Net Worth: The Albanian Star’s Financial Success Story

    Related Posts

    Major Change in Digital Banking: Banks Must Get Your Approval Before Starting Services

    July 24, 2025 Finance

    UPI Goes Global: Indian Users Can Now Make Cross-Border Payments via PayPal

    July 24, 2025 Finance

    Big Changes Coming to UPI from August 1 – Balance Check to Auto Payments, Everything Will Change

    July 23, 2025 Finance

    Will the New Income Tax Bill Be Passed in the Monsoon Session? What Will Change for You from April 1?

    July 19, 2025 News

    Home Loans Likely to Become Cheaper, RBI May Cut Repo Rate Again: Report Claims

    July 17, 2025 Finance

    Excel Utility for ITR-2 and ITR-3 Released, Making ITR Filing Easier for Taxpayers

    July 14, 2025 Finance
    About Flickonclick

    Flickonclick brings you the latest updates across entertainment, lifestyle, tech, and more. Stay informed with trending news and stories that matter.

    Facebook X (Twitter) Instagram
    Recently Updated

    Bigg Boss 19- Salman Khan’s Fee, Premiere Date, Contestants, Format

    By Virat VermaJuly 25, 2025

    Asia Cup 2025: Tournament to Start from 8th September, UAE to Host the Event

    July 25, 2025

    Maareesan Movie Review – When Cinema Gets the Human Story Right

    July 25, 2025

    Thalaivan Thalaivii Movie Review – Vijay Sethupathi’s Messy Love Story

    July 25, 2025
    Important Links
    • Privacy Policy
    • Advertise with Us
    • Disclaimer
    • About Us
    • Contact Us
    • Write for Us
    • Home
    © 2025 Flickonclick

    Type above and press Enter to search. Press Esc to cancel.