Income Tax Returns Filing Due Date
Filing the income tax return (ITR) timely is essential for every tax-paying individual/entity. It serves as your income proof, helps you get loans, ensures compliance with tax laws, avoids penalties, and facilitates timely refunds.
This guide provides an overview of key ITR filing deadlines for the Financial Year 2024-25 (Assessment Year 2025-26).
ITR Filing Deadlines for FY 2024–25 (AY 2025–26)
|
For individual non-audit cases, the ITR filing due date for FY 2024–25 (AY 2025–26) without late fees is 31st July 2025. Those who fail to file within the due date can file a belated ITR before December 31, 2025, by paying late fees. |
The ITR filing due date varies for different entities. Below, we have curated a detailed list.
|
Taxpayer Category |
Due Date |
Applicable To |
|
Individuals, HUFs, AOPs, BOIs (Non-Audit Cases) |
31st July 2025 |
Salaried individuals, freelancers, and professionals. |
|
Businesses Requiring an Audit |
31st October 2025 |
Companies and firms subject to audit under Section 44ab. |
|
Businesses Requiring Transfer Pricing Report |
30th November 2025 |
Entities involved in international or specified domestic transactions |
|
Belated or Revised Return |
31st December 2025 |
For those who missed the original deadline or want to file a revised return to rectify errors. |
|
Updated Return |
31st March 2030 (Up to 48 months from the end of the relevant assessment year, as per Union Budget 2025) |
For those who wish to file updated returns. |
Consequences of Missing the ITR Filing Deadline
Filing your ITR after the due date might seem like a small delay, but it can lead to multiple consequences.
- Late filing fees: If you miss the ITR filing deadline, late fees under section 234F will be imposed. These fees start at ₹1000 and can go up to ₹5000, depending on your total annual income.
- Loss of carry-forward benefits: To carry forward speculative business losses using tax loss harvesting, the ITR must be filed on or before the due date as per Section 139(1). If the taxpayers file their ITR late, they won’t be able to carry forward these losses.
- Interest on unpaid tax: If you have any outstanding tax to pay and you file the ITR late, Interest will be charged at 1% per month (or part of the month) on the unpaid tax amount, u/s 234A.
- Legal notices: The Income Tax Department issues notices in cases involving high-value transactions. Penalties may go up to ₹10,000 and beyond, along with legal action.
- Refund delays: Late ITR filing delays the refund processing, and you might also miss out on the interest on the refund for the delayed period.
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