Income Tax Return (ITR) filing is an essential annual responsibility for every earning individual in India. For residents of Kerala, whether you’re a salaried employee, freelancer, pensioner, or small business owner, timely ITR filing ensures legal compliance, seamless loan approvals, refund claims, and peace of mind. Yet, many taxpayers miss the deadline due to confusion, documentation issues, or simply delaying the task—leading to penalties and financial stress.
This blog explores why you should never miss the ITR deadline, the consequences of delayed filing, and how you can avail affordable and reliable e-filing services in Kerala through OurTaxPartner.com.
Why Filing Your ITR on Time Matters
The deadline for filing Income Tax Returns for individuals (non-audit cases) is typically July 31st of every financial year. Missing this deadline can trigger a cascade of issues including late fees, interest on taxes payable, and even loss of certain benefits like carry-forward of losses.
Some key reasons to file your ITR on time include:
- Claiming Refunds: TDS deducted by your employer or bank can only be claimed through timely return filing.
- Loan and Visa Processing: ITR documents are essential proof of income for bank loans, credit cards, and international visa applications.
- Avoiding Penalties: Late filing attracts a penalty of up to ₹5,000 under Section 234F of the Income Tax Act.
- Loss Carry Forward: Certain losses such as business loss or capital losses can only be carried forward if ITR is filed before the deadline.
- Legal Compliance: Timely filing keeps your tax record clean and avoids scrutiny or notice from the tax department.
Who Needs to File ITR in Kerala?
If you fall into any of the following categories, you are required to file ITR:
- Individuals with taxable income above ₹2.5 lakhs (₹3 lakhs for senior citizens)
- Salaried employees with TDS deducted
- Freelancers, consultants, and professionals
- Business owners and proprietors
- Landlords earning rental income
- Pensioners and senior citizens receiving bank interest or other income
- NRIs having income generated in India
- People holding foreign assets or paying foreign taxes
Documents Required for ITR Filing
To file your return correctly, you need the following documents:
- PAN Card and Aadhaar Card
- Form 16 from employer (for salaried individuals)
- Bank account details and passbook
- Form 26AS / AIS-TIS downloaded from income tax portal
- Investment proofs under Section 80C, 80D, etc.
- Rent receipts (for HRA exemption)
- Interest income from savings and fixed deposits
- Capital gains statement (if applicable)
- Business income statement (for self-employed)
- Loan repayment details, donation receipts, and insurance premiums
Penalties for Missing the ITR Deadline
- Late Fee: ₹1,000 to ₹5,000 under Section 234F, depending on income level
- Interest: 1% per month under Section 234A for tax payable
- Disallowance: Losses cannot be carried forward if ITR is not filed on time
- Delayed Refunds: Your TDS refund will be delayed or forfeited
- Notice: High-value transactions without a return may lead to IT scrutiny
Why Choose OurTaxPartner.com for ITR Filing in Kerala?
At OurTaxPartner.com, we offer fast, affordable, and error-free Income Tax Return filing services for individuals across Kerala. Whether you’re filing for the first time or you’ve missed previous years, our team simplifies the process for you.
Our Services Include:
- ITR filing for salaried, freelancers, business owners, and NRIs
- Document collection and tax computation
- Filing with digital signature (if needed)
- TDS reconciliation using Form 26AS
- Post-filing support and rectification assistance
- Advance Tax and refund status tracking
Our pricing starts at just ₹499. We ensure compliance with all provisions of the Income Tax Act, accurate data entry, and zero penalties for incorrect filing.
Visit www.ourtaxpartner.com/filing-service/income-tax-efiling/ to book your filing now.
How Our Filing Process Works
- Upload your documents through our secure portal
- Our experts review and prepare your return
- We send the draft for your review and confirmation
- Filing is completed after your approval
- Acknowledgment and Form ITR-V are shared for your records
Filing Deadlines for FY 2024-25
- 31st July 2025: Last date for salaried individuals and non-audit cases
- 31st October 2025: Due date for audit cases
- 31st December 2025: Last date to file belated returns with penalty
Conclusion
Filing your ITR on time is not just a legal obligation—it’s also a smart financial habit that opens the door to refunds, smoother financial approvals, and better peace of mind. With the deadline fast approaching, don’t wait until the last moment.
Need help? Get expert support today from OurTaxPartner.com—Kerala’s reliable partner for personal and business tax filing solutions.
Don’t Miss the Deadline—Book Your ITR Filing Service Now!
