ITR Filing 2025: Key Deductions Compared Between Old & New Tax Structures

The deadline for filing income tax returns (ITR) for the financial year 2024–25, corresponding to assessment year 2025–26, has now been extended to 15 September. This extension offers taxpayers additional time to carefully evaluate whether to proceed with the old tax regime or the new one, depending on which proves more beneficial for their financial situation. According to experts, selecting the right option is essential to maximise tax savings and ensure compliance while avoiding penalties.