Income tax return 2025

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Definition of Income Tax Income tax is a charge imposed by the government on the income earned by individuals or businesses during a financial year. In India, the system of income tax is governed by the Income Tax Act, 1961.
Income Tax Return (ITR) is a form which a person is supposed to submit to the Income Tax Department of India. It contains information about the persons income and the taxes to be paid on it during the year.
A tax return is a document filed with a tax authority that reports income, expenses, and other relevant financial information. On tax returns, taxpayers calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes. In most places, tax returns must be filed annually.
Individuals residing in Brazil, who anually earn income above the limits informed by the Federal Revenue Service (Receita Federal), are legally obliged to submit the Brazilian income tax return, known as the Imposto de Renda de Pessoa Fsica (IRPF).
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