ITR Filing Deadline 2025: Taxpayers can file income tax returns till this date, know how much penalty will be levied for delay

Last Date to File Income Tax Return: The new income tax season has started from 1st April 2025. Now all the taxpayers are looking at when to file Income Tax Return (ITR) for the financial year 2024-25 (Assessment Year 2025-26)

Last Date to File Income Tax Return: The new income tax season has started from 1 April 2025. Now all the taxpayers are looking at when to file Income Tax Return (ITR) for the financial year 2024-25 (Assessment Year 2025-26). This time the Income Tax Department has already notified all the forms from ITR-1 to ITR-7.

Last date to file ITR

For most taxpayers who are not audited, the last date to file ITR is 31 July 2025. Although in some cases the tax department has extended the timeline, but it is very rare. Therefore, the advice is to file ITR before the stipulated time so that any kind of delay can be avoided.

What happens if ITR is not filed on time?

  • If you are unable to file ITR by the due date, you will have to pay interest and penalty for late filing.
  • 1% monthly or part of the month interest will have to be paid on the outstanding tax.
  • If your total income is less than Rs 5 lakh, then the penalty for late filing is Rs 1,000.
  • If your total income is more than Rs 5 lakh, and you file ITR before 31 December 2025, then the penalty will be Rs 5,000.
  • Note that if you do not file ITR on time, then the loss from business or capital gain cannot be carried forward to the subsequent years.

Deadline for audited taxpayers

For taxpayers or professionals whose accounts are audited, the last date to file ITR is 31 October 2025.

Which ITR form to choose?

There are different ITR forms for each type of taxpayer – salaried individuals, businesses, trusts, NGOs, etc. Choosing the right ITR form is important, else filing the wrong form may result in the return being rejected or a penalty being imposed.

What is Form 16 and when will you get it?

Salaried people get Form 16 from their employers when the TDS information is entered in Form 26AS. Usually, employers issue Form 16 by June 15. However, even if you do not have Form 16, you can still file ITR with the help of Form 26AS and other documents. Filing ITR on time is not only easy, but it also saves you from penalty and interest.

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