The Central Board of Direct Taxes (CBDT) has extended the income tax return (ITR) filing deadline for the financial year 2024-25 from July 31 to September 15, 2025. This extension was granted due to the significant revisions made to the ITR forms and the additional time required to update and test the associated systems. According to a release issued on May 27, 2025, the ITR forms for AY 2025-26 have been structurally and contextually updated to simplify filing, improve transparency, and ensure accurate reporting. As a result, more time was needed for system development and utility integration.
When is the Last Date to File ITR for Financial Year 2024-25 (AY 2025-26)?
Considering the significant modifications introduced in the notified Income Tax Returns (ITRs) and the time required for ensuring system preparedness and rollout of ITR utilities for the Assessment Year (AY) 2025-26, the Central Board of Direct Taxes (CBDT) has opted to extend the due date for return filing.
To ensure a smooth and hassle-free experience for taxpayers, the CBDT has announced that the ITR filing deadline, initially set for 31st July, 2025, has now been extended to 15th September, 2025. An official notification confirming this decision will be issued separately.
The ITR forms notified for AY 2025-26 have undergone considerable structural and content-level updates aimed at making compliance simpler, enhancing clarity, and facilitating more accurate disclosure. These extensive revisions have required additional time for system development, integration, and comprehensive testing of related utilities.
Moreover, the credits related to TDS statements—required to be filed by 31st May, 2025—are expected to reflect only from early June. This leaves a shorter window for accurate return filing without an extension.
This decision addresses the concerns raised by stakeholders and ensures that taxpayers are granted sufficient time to comply effectively, thereby promoting accuracy and integrity in the return filing process.
Income Tax Filing Due Dates for FY 2024-25 (AY 2025-26)
Type of Taxpayer |
ITR Due Date for FY 2024-25 (subject to changes or extensions) |
Individuals / HUFs / AOPs / BOIs |
15th September 2025 |
Businesses subject to audit |
31st October 2025 |
Businesses involved in international or specified domestic transactions |
30th November 2025 |
Filing a revised return |
31st December 2025 |
Filing a belated return |
31st December 2025 |
Filing an updated return |
31st March 2030 |
Income tax return (ITR) filing extended date for FY 2024-25 (AY 2025-26)
In light of the significant modifications made to the notified Income Tax Return (ITR) forms and the time required to ensure the systems are fully prepared and ITR utilities are rolled out for Assessment Year (AY) 2025–26, the Central Board of Direct Taxes (CBDT) has opted to extend the return filing deadline.
To ensure a seamless and hassle-free return filing experience for taxpayers, the deadline, which was earlier set for 31st July 2025, has now been extended to 15th September 2025. An official notification to this effect will be released separately.
The ITR forms for AY 2025–26 have been revised in terms of format and content to promote easier compliance, improve transparency, and enable accurate data reporting. Due to these updates, additional time is needed for the development, integration, and testing of the associated digital utilities. Moreover, TDS credits—which are to be filed by 31st May 2025—are expected to be available from early June, thereby reducing the effective time window for filing returns without this extension.
The revised timeline aims to address stakeholder concerns and ensure that taxpayers have sufficient time to comply accurately and effectively with the updated filing requirements.
Did you miss the extended January 15 deadline? Know the new ITR filing deadline for AY 2025-26 (FY 2024-25)
The Income Tax department had extended the deadline for filing belated or revised income tax returns for Assessment Year (AY) 2025-26 (financial year 2024-25) to September 15, 2025. However, if you missed this extended deadline, you still have an option to file your tax return.
Under current regulations, you can file an "updated return" until March 31, 2027, for AY 2024-25. It's important to note that this option comes with penalties and restrictions.
While the specifics may vary depending on your situation, filing an updated return after the deadline typically incurs a late filing fee. The amount of the penalty can depend on the delay and your tax liability. Additionally, there may be limitations on claiming certain deductions or exemptions if you file outside the standard filing window.
To make an informed decision, it's advisable to consult with a tax advisor who can assess your specific situation and advise you on the best course of action. They can help you determine if filing an updated return is the right choice for you and guide you through the process to minimize any potential penalties.
What is section 87A?
Section 87A of the Income Tax Act provides a rebate for resident individuals, effectively reducing their tax liability. Under the new tax regime for the financial year 2023-24 (assessment year 2024-25), individuals with a total income up to Rs. 7 lakh are eligible for a rebate up to Rs. 25,000. In the old tax regime, the rebate is available for incomes up to Rs. 5 lakh, with a maximum rebate of Rs. 12,500. This provision ensures that individuals within these income brackets have minimal or no tax liability.
What is the matter?
The Income Tax Department has extended the deadline for filing Income Tax Returns (ITR) to provide relief to taxpayers facing challenges in meeting the original due date. This extension allows additional time for accurate filing, ensuring compliance without incurring penalties. Taxpayers are advised to utilise this extended period to gather necessary documents and complete their filings promptly to avoid last-minute hassles.
High Court order
The High Court has issued an order addressing the concerns of taxpayers regarding the ITR filing deadline. Recognising the difficulties faced by individuals and businesses, the court has directed the Income Tax Department to extend the due date, providing taxpayers with additional time to fulfill their obligations. This judicial intervention aims to alleviate the burden on taxpayers and ensure a fair compliance process.
Key benefits of the extended deadline
The extension of the income tax filing deadline offers several significant benefits to taxpayers:
- Additional time for accurate filing
An extended deadline provides taxpayers with extra time to gather necessary documents, verify information, and ensure accurate completion of their tax returns. This reduces the likelihood of errors that could lead to audits or penalties. Accurate filing is crucial for compliance and to avoid future complications. - Reduced last-minute rush
Taxpayers often experience a surge in filing activity as deadlines approach, leading to increased stress and potential mistakes. An extension alleviates this pressure, allowing individuals and tax professionals to manage workloads more effectively and submit returns without the haste that can compromise accuracy. - Opportunity to maximise deductions and credits
With additional time, taxpayers can thoroughly review their financial activities over the year to identify all eligible deductions and credits. This careful assessment can result in significant tax savings, as individuals can claim benefits they might have overlooked in a rushed filing. - Enhanced compliance and reduced penalties
Meeting the extended deadline ensures compliance with tax laws, thereby avoiding late-filing penalties and interest charges. Timely filing within the new timeframe demonstrates a commitment to legal obligations and financial responsibility. - Flexibility for complex financial situations
Taxpayers with complex financial circumstances, such as multiple income sources, investments, or business operations, benefit from the extra time to accurately report all relevant information. This flexibility helps in preparing comprehensive and precise tax returns. - Improved access to professional assistance
Tax professionals often face high demand during peak filing seasons. An extended deadline allows taxpayers better access to professional services, ensuring they receive the necessary guidance to navigate their tax obligations effectively.
What happens if the new deadline is missed? Penalties and restrictions
Key limitations of filing updated returns:
- No tax liability reduction: Updated returns cannot be used to lower your original tax liability and claim refunds. You cannot reduce income or offset losses to minimize your tax burden.
- Ineligible during scrutiny/assessment: If your return is under scrutiny by the tax authorities, or you've received an intimation or demand notice, you cannot file an updated return.
Penalties for filing updated returns:
- A penalty of 25-50% of the total tax and interest payable will be levied.
- The penalty is 25% if filed within 12 months of the assessment year's end.
- The penalty increases to 50% if filed within 24 months of the assessment year's end.
Important Note: These limitations and penalties highlight the importance of timely and accurate tax filing to avoid potential complications and financial burdens.
Important things to keep in mind while filing late return
Filing your Income Tax Return (ITR) after the due date, known as a belated return, is permissible but comes with certain implications. Here are key considerations to keep in mind:
1. Penalties for late filing
- Late filing fee: Under Section 234F of the Income Tax Act, a penalty is levied for filing returns after the due date. For the financial year 2024-25, the penalties are:
- Rs. 1,000 if the total income is up to Rs. 5 lakh.
- Rs. 5,000 if the total income exceeds Rs. 5 lakh.
- Interest on tax due: In addition to the late filing fee, interest under Section 234A is charged at 1% per month or part thereof on any unpaid tax amount from the original due date until the date of filing.
2. Loss of certain benefits
- Carry forward of losses: Filing a belated return disqualifies you from carrying forward specific losses (e.g., business or capital losses) to subsequent years, potentially increasing future tax liabilities.
- Interest on refunds: Delayed filing may result in the loss of interest on any tax refunds due, as the interest is calculated from the date of filing the return.
3. Deadline for belated returns
For the assessment year 2025-26, the deadline to file a belated return is September 15, 2025. Missing this extended deadline means you cannot file the return unless the Income Tax Department issues a notice, leading to further complications.
4. Revised returns
If you discover any errors after filing a belated return, you have the option to file a revised return by September 15, 2025. However, it's advisable to file the original return accurately to avoid the need for revisions.
5. Compliance and legal implications
Consistent late filing or non-filing can attract scrutiny from the Income Tax Department, leading to assessments and potential legal consequences. Timely filing ensures compliance and minimizes the risk of penalties or legal actions.
Advance income tax filing due dates FY 2025-26
According to Section 208 of the Income Tax Act, taxpayers with an estimated tax liability exceeding Rs. 10,000 must pay advance tax. However, senior citizens are eligible for certain exemptions from this requirement. This tax must be paid in four different instalments. Let’s see the schedule for FY 2025-26:
Due date |
Nature of compliance |
Tax to be paid |
15th June 2024 |
First instalment |
15% of tax liability |
15th September 2024 |
Second instalment |
45% of tax liability |
15th December 2024 |
Third Instalment |
75% of tax liability |
15th March 2025 |
Fourth instalment |
100% of tax liability |
15th March 2025 |
Presumptive scheme |
100% of tax liability |
Taxpayers who fall under sections 44AD and 44ADA, which pertain to “Presumptive Income”, must pay their advance tax by March 15 of the previous year. It is worth noting that any tax paid by March 31 is considered “advance tax”.
TDS Payment Due Dates for FY 2024-25
This table outlines the due dates for depositing TDS (Tax Deducted at Source) for the financial year 2024-25. TDS is deducted from various payments such as salaries, rent, interest, commissions, and professional fees.
Quarter Ending |
Months of Deduction |
Due dates for depositing TDS |
TDS Return Due Date (FY 2023-24) |
30th June 2024 |
April 2024 |
7th May 2024 |
31st July 2024 |
May 2024 |
7th June 2024 |
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June 2024 |
7th July 2024 |
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30th September 2024 |
July 2024 |
7th August 2024 |
30th October 2024 |
August 2024 |
7th September 2024 |
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September 2024 |
7th October 2024 |
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31st December 2024 |
October 2024 |
7th November 2024 |
31st January 2025 |
November 2024 |
7th December 2024 |
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December 2024 |
7th January 2025 |
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31st March 2025 |
January 2025 |
7th February 2025 |
31st May 2025 |
February 2025 |
7th March 2025 |
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March 2025 |
7th April 2025 (for TDS deducted by govt. offices)<br>30th April 2025 (for other deductors) |
Essential tips for first-time ITR filers in 2025
As per the Income Tax Act, individuals earning above the basic exemption limit must file their returns by September 15, 2025 or the income tax return extended due date. However, for first-time taxpayers, this task can seem daunting. But, by understanding basic tax laws, deductions, and exemptions, first-time filers can easily furnish their returns and remain compliant.
Let’s check out some essential tips that can help you accurately file income tax returns for FY 2024-25:
1. Total taxable income
First-time filers should calculate their total taxable income by subtracting tax deductions and exemptions from their gross income. Some common deductions available under Chapter VI-A of the Income Tax Act are:
- Health insurance premiums
- Home loans
- Education loans
- Donations
- Investments made in tax-saving instruments
Also, you can claim exemptions for allowances received like House Rent Allowance (HRA) and Leave Travel Allowance (LTA).
2. New vs. Old tax regime
While filing their income tax returns, taxpayers have a choice between the old and new tax regimes. It must be noted that the old tax regime offers several exemptions and deductions like HRA and those available under sections 80C, 80D, 80G, and more.
On the other hand, the new tax regime charges lower tax rates but offers fewer deductions and exemptions. From FY 2020-21, the new tax regime has become the default tax option unless the taxpayer opts for the old tax regime.
3. Form 16
For salaried individuals, Form 16 is important as it details the TDS (Tax Deducted at Source) deducted by the employer from the salary. Furthermore, it includes all the necessary information for filing an ITR. Usually, it is provided by the employer by late May or mid-June.
You must refer to Form 16 while filing your income tax returns, as it ensures you accurately report your income and claim any deductions you are eligible for. Additionally, Form 16 provides the TAN of your employer, which is necessary for filling out the ITR forms correctly.
4. Review of Form 26AS
For those unaware, Form 26AS is an annual tax statement. It details:
- Tax deducted/ collected on your behalf
and - Lists your various income sources
You must use this form to accurately fill out your income and tax details in your ITR form. Follow these steps to use Form 26AS while filing taxes:
- Download it from the income tax e-filing portal.
- Then, review the details of
- Tax deducted at source (TDS)
- Tax collected at source (TCS)
- Any advance tax payments made throughout the year
- Compare these details with your financial records.
- If you find any discrepancy, report it to the relevant deductor for correction.
- Finally, use this verified information to file your return.
5. Annual information statement (AIS)
Like Form 26AS, AIS is another statement provided by the Income Tax Department to facilitate income tax return filing. It provides a comprehensive summary of your financial transactions, including TDS, TCS, interest, dividends, and stock market activities. AIS usually extends the information available in Form 26AS and helps ensure accurate tax filing.
6. Choosing ITR forms
It is worth stating that The Income Tax Department provides various ITR forms to cover multiple sources of income and taxpayer categories. Each form addresses:
- Specific types of income, such as salary, business profits, or capital gains and
- Different taxpayer types, like individuals, companies, or Hindu Undivided Families (HUFs)
Hence, while filing the ITR, it is important to select the correct form. By choosing the right form, you can accurately declare all your income types under appropriate heads and avoid processing delays.
7. Requirement of documents
You will need the following documents at the time of filing:
- PAN
- Aadhaar
- Form 16
- Interest certificates
- Annual Information Statement
- Form 26AS
- Details of capital gains, and
- Proof of tax-saving investments like insurance premiums and PPF contributions.
8. ITR Verification
After filing the ITR, it needs to be verified. This verification can be done:
- Online using Aadhaar OTP
or - Offline by sending a signed physical copy of ITR - V (Verification) to the Income Tax Department.
What are the penalties for missing the ITR deadline?
Missing the ITR filing deadline or the income tax return extended date can result in several penalties and repercussions.Firstly, as per Section 234F of the Income Tax Act, a late filing fee of Rs. 5,000 is imposed. However, if the total income is below Rs. 5 lakh, this penalty is reduced to Rs. 1,000.
Secondly, under Section 234A, interest on the unpaid tax amount is charged at 1% per month or part of the month from the due date until the return is filed. This significantly increases the tax liability, especially if a substantial amount is due. Also, you lose the benefit of carrying forward losses and offsetting them against your future income. This disqualification increases future tax liabilities.
How to file the missed returns for FY 2024-25
If you miss the original deadline for filing your Income Tax Return (ITR), you can still file a belated return by 31st December of the assessment year. However, if this deadline is also missed due to valid reasons, you may request the Income Tax Department to condone the delay.
Steps to File a Missed ITR:
1) Request for Condonation of Delay:
- Submit a request to the Income Tax Commissioner or the prescribed authority, explaining the reason for missing the deadline.
- The officer may approve your request based on the following conditions:
- The claim is legitimate and valid.
- There is a genuine hardship or strong merit in the case.
- A refund is due because of excess tax deduction, TDS, advance tax, or self-assessment tax.
- No other person is liable to assess the tax under the Income Tax Act.
2) Payment of Taxes & Interest:
- If you haven’t paid your taxes for FY 2024-25, you must clear the outstanding amount along with interest under Sections 234A, 234B, or 234C.
- Tax payment is mandatory even if the ITR filing is delayed.
3) Missed Filing Despite Tax Payment:
- If you have paid your taxes on time but failed to file your return, you cannot file a delayed return or request condonation.
- The Income Tax Department may issue a notice under Section 271F, imposing a penalty of up to ₹5,000.
- However, if you provide a valid reason, the officer may waive the penalty.
4) Legal Consequences of Not Filing ITR:
- The Income Tax Department may issue notices and impose penalties for failure to file returns.
- In extreme cases, prosecution could lead to imprisonment of up to seven years.
5) Responding to Notices:
- If you receive a notice, you must respond through the income tax e-filing portal and file your pending return.
6) Penalty for Under-Reporting Income:
- A penalty of up to 200% of the tax payable may be imposed for under-reporting income.
- If taxes are paid with interest but income has been under-reported, the assessing officer may waive the penalty.
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Key reasons why you should not delay filing your ITR
Filing your Income Tax Return (ITR) promptly is crucial for several reasons. Firstly, timely submission avoids late fees and penalties, which can add a significant financial burden. Secondly, it helps maintain a good compliance record with the tax authorities, potentially simplifying future financial transactions or loan applications. Additionally, delaying your ITR can result in the loss of certain benefits and deductions, reducing your potential refunds. Filing on time also minimises the risk of facing scrutiny or audits from the tax department. Lastly, early filing ensures peace of mind, reducing stress and allowing you to manage your finances more effectively.
ITR Filing 2025: Things to Know Before Filing ITR Online
With the Income Tax Return (ITR) filing season underway for FY 2024-25 (AY 2025-26), it's essential for taxpayers to stay updated on key changes and requirements. Filing your ITR accurately and on time not only helps you avoid penalties but also ensures timely refunds and smooth financial planning. Here’s what you must know before filing your ITR online this year.
Who should file ITR?
Any individual whose gross total income exceeds the basic exemption limit must file an ITR. Even if your income is below the threshold, filing is recommended for those who wish to claim refunds, carry forward capital losses, or apply for visas or loans. Professionals, salaried employees, business owners, NRIs, and HUFs are all required to file, depending on income and asset conditions.
Changed tax slabs under the new tax regime
The new tax regime continues to be the default option in FY 2024-25. The slabs are more streamlined, and the rebate limit under Section 87A has been increased to cover incomes up to Rs. 7 lakh. However, exemptions like HRA and standard deductions are limited under this regime. Taxpayers can opt for the old regime by submitting Form 10IEA before the due date.
Five must-do things before filing ITR online
1. Collect all income documents
Ensure you have Form 16, interest certificates, capital gains statements, and rent receipts. Include all income sources—salary, interest, capital gains, rent, and foreign income.
2. Understand and select correct ITR form
Choosing the correct ITR form based on your income type and residential status is critical. Filing with the wrong form may result in a defective return.
3. Link PAN with Aadhaar & ensure details match
Linking PAN with Aadhaar is mandatory. Mismatched details may lead to authentication failures during e-verification.
4. Check for exemptions and deductions
Review eligible deductions under Section 80C, 80D, 80G, and 80TTA to reduce tax liability. Declare tax-saving investments made before 31 March 2025.
5. Enhanced I-T scrutiny through past ITR comparisons
The income tax department now compares previous years’ returns to flag discrepancies. Ensure all incomes, including passive ones, are disclosed accurately to avoid notices.
Conclusion
Filing your income tax returns (ITRs) on time is important to avoid penalties and interest charges. For FY 2024-25, the deadline for most taxpayers is September 15, 2025. Missing this deadline results in a late fee of Rs. 5,000 (Rs. 1,000 if your taxable income is less than Rs. 5 lakhs), interest charges under section 234A, and disqualification from carrying forward losses.
If you are filing an income tax return for the first time, you must use forms like Form 16, AIS, and Form 26AS for accurate reporting. Also, you must select the correct ITR form applicable to you and wisely choose between the old and new tax regimes.
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