ITR FY25 for Salaried Employees: For people who earn a salaried, tax time feels an exhausting process. But if they plan things early it can be a chance to save more money and feel more in control of their finances. With the income tax return (ITR) filing window for the year 2024–25 expected to open very soon, experts are asking people to begin preparing now instead of waiting.
Financial experts say it’s helpful to use online tax calculators before picking between the old tax regime and the new one. These tools show which regime gives more take-home pay and better savings. If people choose wisely and use all the tax deductions they are allowed, they can get a bigger refund and also improve their overall money situation.
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According to CNBC TV18 Charu Pahuja, a top financial advisor at Wise Finserv, said, “For most salaried individuals, tax season can be a stressful time, but if rightly and timely planned it won’t be.”
She shared that FY2025 is a fresh start for people to make smart money choices. She explained that choosing the right tax regime can make a big difference to the salary someone actually takes home after taxes.
Old vs New Tax Regime
The old tax system still gives people many tax-saving options. These include deductions like Section 80C (up to ₹1.5 lakh for things like EPF, PPF, or ELSS), Section 80D for medical insurance, and Section 24(b) that gives relief on home loan interest (up to ₹2 lakh). The new tax regime, on the other hand, offers lower tax rates but does not allow these common deductions.
Charu Pahuja advised people, “Remember to utilise all available deductions and then accordingly choose old or new regime.” She said that if someone plans early and wisely, they will not only save on taxes but also enjoy better financial returns. It helps avoid common mistakes that happen when people try to finish everything last minute.
Experts say each person’s situation is different. Some people pay rent, some have home loans, and some invest in insurance and tax-saving schemes. All of this affects which tax regime will work better for them.
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Mukesh Pandey from Rupyaa Paisa said, “2025 is an ideal year for salaried folks to strategise better and save more on taxes.” He said people can get bigger refunds if they make use of all the deductions under rules like 80C and 80D, and also use their HRA and standard deduction benefits fully.
Plan Early to Save more
Even if some people didn’t plan well this time, it’s good to start early for next year. Financial planners say it’s best to begin tax planning at the start of the financial year. It helps avoid stress later. Keeping all important documents like rent agreements, insurance bills, home loan papers, and investment proofs in one place makes tax filing easy and smooth.
There are now many apps and websites that help people compare both tax regimes. These digital tools show how much money someone will take home and how much tax they will pay under each system.
