Good news: the government moved the individual income tax return (ITR) deadline for FY 2024-25 to September 15, 2025. If you were planning to file before the old March date, you now have extra months to gather documents and avoid a rush.
But extra time also means you need to reset your calendar. Missing the new deadline triggers penalties under Section 234F and a monthly interest of 1% on the tax due. Knowing the exact dates helps you steer clear of extra costs.
Here’s the quick rundown:
Mark these on your phone or calendar. A reminder a week before each date saves you from last‑minute chaos.
If you file after September 15, the flat penalty under Section 234F is Rs 5,000. For returns filed before December 31, the penalty can be reduced to Rs 1,000 if the total tax payable is under Rs 10,000. Anything later than December 31 attracts the full Rs 5,000 plus interest.
The interest is simple: 1% per month on any unpaid tax amount. It adds up quickly, especially if you owe a large sum. Paying the tax as soon as you file cuts the interest charge.
Belated returns (filed between Sept 16 and Dec 31) are still accepted, but the tax department processes them slower. Expect a delay in refunds – sometimes weeks longer than for on‑time filings.
If you completely miss the belated window, you’ll need to use ITR‑U. That form lets you correct mistakes, but the penalty jumps to Rs 10,000 plus interest. It’s a costly route, so try to avoid it.
One practical tip: prepare your Form 16, bank statements, and investment proofs early. Even a quick check on the tax portal can flag missing information before you hit submit.
Another tip: if you’re unsure about exemptions or deductions, a short chat with a tax professional can save you money. The cost of advice is often far less than the penalties you might incur.
In short, the new deadline gives breathing room, but it also shifts the penalty timeline. Stay organized, file on time, and double‑check your numbers. That way you keep more money in your pocket and avoid a stressful scramble at the end of the year.
India has pushed the individual ITR due date for FY 2024-25 (AY 2025-26) to Sept 15, 2025. Audit cases must file by Oct 31, and those with transfer pricing reports by Nov 30. Miss it, and late fees under Section 234F and 1% monthly interest kick in. Belated returns are allowed till Dec 31, and ITR-U can fix misses later—at a higher cost. Refunds often slow down for late filers.
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