ITR filing FY 2024-25: The deadline to file Income Tax Returns (ITR) for AY 2025-26 is September 15, 2025. Every yr the ITR filing deadline is July 31, 2025, however this yr the Income Tax Department prolonged it by a month-and-a-half as adjustments in ITR varieties and Excel utilities required extra backend preparations.The deadline was prolonged for non-audit taxpayers, together with most people, Hindu Undivided Family (HUFs), and different entities not topic to auditIn instances the place a taxpayer’s accounts don’t require auditing beneath the Income Tax Act, it is termed as a non-audit case. This class sometimes contains
- Individuals and HUFs incomes revenue via wage, pension, home property, capital good points, or different sources.
- Business house owners and professionals who select the presumptive taxation scheme (Sections 44AD, 44ADA, 44AE) with turnover under the audit requirement threshold.
Will the ITR filing deadline be prolonged?
The ITR deadline has already been prolonged to September 15, 2025 from July 31, 2025. As of now there is no intimation of the Income Tax Department seeking to prolong the ITR filing deadline. It is subsequently advisable that you simply file your ITR earlier than the September 15, 2025 deadline to keep away from final minute rush or a penalty for delayed filing after September 15.
- Begin by accessing incometax.gov.in and authenticate utilizing your PAN/Aadhaar credentials and password.
- Navigate via e-File, choose Income Tax Return and proceed to File Income Tax Return.
- Select the evaluation yr AY 2025-26 and determine your appropriate kind.
- Examine the auto-populated data, together with wage particulars, TDS and financial institution curiosity.
- Include any further revenue or deductions and choose your most well-liked tax regime (Old/New) earlier than closing submission.
CBDT statistics point out a gentle improve in ITR submissions, demonstrating enhanced tax compliance and an increasing taxpayer base. During AY 2024-25, ITR submissions reached an unprecedented 7.28 crore by July 31, 2024, displaying a 7.5% improve from the earlier yr’s 6.77 crore submissions in AY 2023-24.
ITR filing FY 2024-25: What is the late filing penalty?
When revenue tax returns are submitted past the stipulated due date, a late filing charge is relevant. The customary charge stands at Rs 5,000, while for these with complete revenue under Rs 5 lakh, the charge is restricted to Rs 1,000.Furthermore, delayed submissions incur a further month-to-month curiosity cost of 1% on excellent tax quantities, separate from the late filing penalty.
