The Income Tax Return (ITR) filing deadlines for FY2024-25 (Assessment Year 2025-26) aren’t the same for everyone. Due to significant changes in ITR forms and system readiness, the Income Tax Department has extended some dates.
Key ITR Filing Deadlines for FY2024-25
- September 15, 2025: This is the new deadline for individuals and Hindu Undivided Families (HUFs) whose accounts do not require an audit. This date was extended by 45 days from the original July 31, 2025 deadline.
- October 31, 2025: Taxpayers whose accounts require an audit (like companies, proprietorships, and working partners in firms) have until this date to file their ITRs.
- Important: Their audit report must be submitted by September 30, 2025.
- November 30, 2025: If you’re involved in international transactions or certain specified domestic transactions requiring a report under Section 92E, this is your ITR due date.
- Important: Your audit report must be submitted by October 31, 2025.
What Happens if You Miss the Deadline?
Even if you miss your initial deadline, you can still file a belated return for FY2024-25 until December 31, 2025. However, doing so comes with consequences:
- Interest: You’ll pay 1% interest per month (or part of a month) on any unpaid tax.
- Late Filing Penalty:
- ₹1,000 if your total income is below ₹5 lakh.
- ₹5,000 if your total income is above ₹5 lakh and you file after the due date but before December 31.
- Losses Can’t Be Carried Forward: You won’t be able to carry forward losses from capital gains or business/profession to future years if you file late.
It’s always best to file your ITR by the original deadline to avoid these penalties and ensure you can claim all eligible benefits!