ITR Filing Last Date is Approaching: Here’s How You Can Save Money Before September 15, 2025

The ITR filing last date is September 15, 2025. As the date approaches, many salaried people are looking for ways to legally save tax. Whether you earn ₹10 lakh, ₹15 lakh, or ₹20 lakh a year, you can still save a big amount — no matter which tax regime you follow.

Here are 4 smart tax-saving tips for both the new and old regimes that you should use before filing your ITR this year.

Save More in the New Tax Regime Before September 15, 2025

Under the new tax regime, income up to ₹12 lakh is tax-free. Salaried individuals also get an extra deduction of ₹75,000. Here’s how else you can save more:

1. NPS Benefit – Section 80CCD(2)

If your company contributes to your NPS, you get a tax deduction of up to 14% of your basic salary + DA. For example: With a basic salary of ₹8 lakh, this saves you up to ₹1,12,000.

2. EPF Employer Contribution

You can also get a deduction of 12% of your basic salary + DA contributed by your employer to your EPF. For example: If basic salary is ₹8 lakh, your tax saving is up to ₹96,000.

3. Let-Out Property – Section 24

If you’ve rented out a property, you can claim a tax deduction on the interest paid on its loan, even if it's more than the rent earned.

4. Work-Related Allowances

If your salary includes transport, books, entertainment, or uniform allowance, you can claim a deduction — but only if you've already paid tax on these.

Use These Old Tax Regime Deductions Before September 15, 2025

In the old tax regime, income up to ₹5 lakh is tax-free, plus you get a standard deduction of ₹50,000. Here are 4 more ways to save:

1. Section 80C – Up to ₹1.5 Lakh

Save tax by investing in PPF, EPF, ELSS, NPS, or by paying home loan principal, school tuition fees, or life insurance premiums.

2. Home Loan Interest – Section 24

Get up to ₹2 lakh tax deduction on the interest paid on your first home loan.

3. House Rent Allowance (HRA)

If you receive HRA and live in a rented house, you can claim deductions based on your salary, rent paid, and city of residence.

4. Medical Insurance – Section 80D

Claim up to ₹1,00,000 in deductions for paying health insurance premiums for yourself, your spouse, children, and parents (based on their age).

Read more: EPF Deducted but Not Credited? Here's What You Can Do to Protect Your Hard-Earned Money.

Conclusion

With the ITR filing deadline of September 15, 2025, fast approaching, it's time to act. Whether you're in the old or new tax regime, smart planning can help you legally save lakhs.

Start collecting your documents, explore these tax-saving options, and file your ITR early — so you save money and avoid last-minute stress!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.