Attention Taxpayers: The ITR Filing Deadline is Approaching!
With tax season in full swing, it’s crucial to be aware of the key deadlines to avoid penalties. The Income Tax Department has extended the due date for filing your Income Tax Return (ITR) for Assessment Year 2025-26 (Financial Year 2024-25).
- New Due Date: The deadline for most individual and salaried taxpayers has been extended to September 15, 2025, from the usual July 31st.
This extension was granted by the Central Board of Direct Taxes (CBDT) to accommodate extensive changes in the new ITR forms and allow time for the e-filing portal to be fully ready.
What If You Miss the Deadline?
If you are unable to file by September 15, you still have an opportunity to file a delayed return.
- Delayed Return Deadline: You can file a delayed return until December 31, 2025, for the same financial year.
However, keep in mind that filing a delayed return comes with a penalty:
- Penalty for Income Above ₹5 Lakh: A late fee of up to ₹5,000 will be incurred.
- Penalty for Income Up to ₹5 Lakh: The maximum penalty is ₹1,000.
Additionally, delayed filings may result in the loss of certain tax deductions and could be subject to increased scrutiny from the Income Tax Department.
While there is ongoing pressure from tax professionals for a further extension due to reported portal issues, there has been no official announcement. To ensure a smooth process and avoid any penalties, it’s best to complete your ITR filing well before the September 15 deadline.