Income Tax ITR Filing Due Date
When is the Deadline to File Income Tax Returns (ITR)?
The deadline to file Income Tax Returns (ITR) for income earned in FY 2024-25 (AY 2025-26) is 15th September 2025, without late fees. However, if you miss this deadline, you can still file a belated return by 31 December 2025, though a penalty will apply.
ITR Filing Start Date for FY 2024-25 (AY 2025-26)
E-filing of Income Tax Returns (ITR) for the financial year 2024-25 (Assessment Year 2025-26) is scheduled to commence in 1st April 2024. Taxpayers will be allotted sufficient time to submit their returns based on their taxpayer category. Find out the details regarding the deadline for filing ITR for FY 2024-25 are outlined below:
Tax Due Dates for FY 2024-25 (AY 2025-26)
According to the Income Tax Act, 1961, a certain amount of tax must be paid by individuals and establishments. Find the latest due dates of ITR filing given below:
Nature of Compliance | ITR Filing Last Date |
ITR filing for Individual/HUF/AOP/BOI | 15th September 2025 |
Businesses (Tax audit report) | 31st October 2025 |
Transfer Pricing Report (specific domestic transactions or undertaken international transactions) | 30 November 2025 |
Revised Return | 31 December 2025 |
Revised return or belated return filing | 31 December 2025 |
Updated return | 31 March 2030 (4 years from the end of the relevant Assessment Year) |
Due Dates for Paying Advance Tax for FY 2025-26
Nature of Compliance | Amount of tax to be Paid | Due Date |
First instalment | 15% of the amount of advance tax | 15 June 2025 |
Second instalment | 45% of the amount of advance tax | 15 September 2025 |
Third instalment | 75% of the amount of advance tax | 15 December 2025 |
Fourth instalment (Single and final instalment for taxpayers opting for presumptive taxation scheme) | 100% of the amount of advance tax | 15 March 2026 |
What Happens When the Due Date of Filling the Return Is Missed?
- Interest: If you file your return after the deadline, you will incur interest at a rate of 1% per month or part month on the outstanding tax amount as per Section 234A.
- Late Fee: Late filing attracts a penalty under Section 234F, amounting to Rs. 5,000, which is reduced to Rs. 1,000 if your total income is below Rs. 5 lakh.
- Loss Adjustment: If you have incurred losses from various sources such as the stock market, mutual funds, properties, or business activities, you have the option to carry them forward and set them off against your income in the following year.
- This provision significantly reduces your tax liability in future years. However, if you miss the deadline for filing your ITR, you forfeit the opportunity to carry forward these losses.
- Belated Return: If you miss the ITR filing deadline, you can still submit a return after the due date, known as a belated return. However, you will be subject to late fees and interest charges, and you will lose the ability to carry forward any losses for future adjustments.
- The deadline for filing a belated return is 31 December of the assessment year unless extended by the government. Therefore, for the current year, you can submit the belated return by 31 December 2025 at the latest.
- Updated Return: In case you miss the 31 December deadline due to unavoidable circumstances, you can file an updated return (ITR U) subject to the specified conditions.
What are the Benefits of Filling ITR under Due Date?
The following are the benefits of filling ITR under due date:
- Your chances of obtaining a car loan, a home loan, and other loans increase if you file your income tax returns on time.
- ITRs can be used to show address and income, two things that are necessary when applying for a loan or visa.
- When applying for a visa, the majority of consulates and embassies need you to submit copies of your income tax records for the past two years.
- You will get your refunds as soon as possible if you file your ITR on time.
- Taxpayers must pay their taxes before they can file an ITR. According to Section 234A, interest must be paid at a rate of 1% per month starting on the date the taxes are due and continuing until the date of payment. If you submit your tax return on time, you can avoid having to pay extra interest. As a result, your tax burden will increase the longer you put off paying taxes and filing returns.
FAQs on ITR Filing Due Date
- What is the earliest date to file an income tax return?
The earliest date to file an income tax return is 1 April of the assessment year. For AY 2025-26, filing can begin on 1 April 2025.
- What is the last date of ITR for FY 2024-25, AY 2025-26?
For the majority of individual taxpayers, 15th September 2025, is the deadline for filing income tax returns for FY 2024–2025. A penalty of up to Rs.5,000 may be assessed for filing returns beyond the deadline. The amount is only Rs.1,000, though, if the person's total income is less than Rs.5 lakhs.
- What if the 31 December due date for filing is missed?
Taxpayers can file a revised return by 31 December of the relevant assessment year if they identify any errors. Additionally, an updated return can be submitted within two years after the assessment year.
- What are the consequences of missing the income tax return filing deadline?
Failing to file within the due date results in the filing of a belated return, attracting penalties of up to Rs. 5,000. For those with income below Rs. 5 lakh, the fee is reduced to Rs. 1,000.
- Who requires an income tax audit report?
Businesses with annual turnovers exceeding Rs. 1 crore and professionals with receipts over Rs. 50 lakh need a tax audit.
- What are the penalties for filing returns below the taxable limit?
No penalties or interest are levied for filing income tax returns after the deadline if income falls below the taxable limit.
- How to revise ITR after due date?
Revisions to the original return can be made using the revised return u/s 139 if the taxpayer wishes to do so because of some revisions (5). You have until the end of the assessment year, 31 December, to submit a belated return.
- What is the due date for filling in the income tax returns?
An income tax return is typically due on 15th September 2025 for individuals and non-audit cases, and 31 October for audit cases for the applicable assessment year.
- What is the due date for filling returns for companies?
For the Financial Year (FY) 2024–2025 returns, domestic companies must file them by 31 October 2025. If the corporation has any international transactions or certain domestic transactions and is obliged to file a report in Form Number 3CEB under Section 92E, the ITR is due on 30 November 2025.
- Under which section ITR is filed after the due date?
A late return, or one that is submitted after the deadline, may be filed in accordance with Section 139(4).
- How do you make changes to your tax returns after the due date?
If the taxpayer needs to change the initial return because of some adjustments, they can do so by using a revised return in accordance with Section 139. (5). You may submit a late return on or before 31 December of the assessment year.
News about ITR Filing Last Date
CBDT Extended the Timeline for Filing ITR
The Income Tax Department has given taxpayers more time to file their returns for the financial year 2024-25. The earlier date for filing the returns was 31 July 2025 but now it has been extended to 15 September 2025.
The CBTD has made this change to allow some time for important updates to the ITR forms. These forms have been redesigned to make filing easier, improve accuracy, and reduce mistakes. This extension will benefit the salaried individuals and other taxpayers by giving them 46 extra days to complete the process. However, if they fail to file their income tax return by the new deadline then they may have to incur a fine of Rs.5,000.
Deadline for filing tax extended
In the 2025 Union Budget, Finance Minister Nirmala Sitharaman announced the extension of the deadline for filing updated tax returns. This extension aims to provide taxpayers with more time to accurately report their income and claim eligible deductions, thereby reducing errors and potential penalties.
Additionally, the government plans to ease the disclosure requirements for foreign income, making it more straightforward for taxpayers to comply with tax regulations. Another notable reform is the introduction of a 45-day period after the issuance of Form 16 for filing tax returns.
This change is expected to benefit taxpayers by allowing them additional time to gather necessary documents and information before filing their returns. These initiatives reflect the government's commitment to enhancing the tax filing experience and encouraging greater compliance among taxpayers.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.