The deadline for filing Income Tax Returns (ITR) for the Financial Year 2024-25 (Assessment Year 2025-26) for non-audit taxpayers has been extended to September 15, 2025. While the usual deadline is July 31st, the government provided an additional 45 days this year to accommodate for delays in the release of updated ITR forms and utilities. This extension is a one-time relief, and the government is unlikely to extend the deadline further, so it is critical for taxpayers to complete their filings on time.
The Income Tax Department has been consistent in its messaging, indicating a firm stance on the September 15th date. The government has already provided a significant extension, and with a steady increase in ITR submissions, it appears confident in the current deadline. Various tax bar associations have requested a further extension due to technical issues with the portal and the compressed filing season, but no official announcement has been made regarding a second extension.
Failing to file your ITR by the deadline can lead to significant penalties. A late filing fee of up to ₹5,000 is levied under Section 234F. For small taxpayers with a total income of up to ₹5 lakh, the penalty is limited to ₹1,000. In addition, interest at 1% per month is charged on any outstanding tax dues under Section 234A. Late filing also has other consequences, such as the inability to carry forward certain losses (like business or capital losses) and a delay in receiving any tax refunds you may be entitled to.
Filing your ITR online is a straightforward process. You can e-file on the Income Tax Department’s portal (https://incometax.gov.in) by logging in with your PAN and password. The portal has pre-filled forms with much of your information, including salary details, TDS, and bank interest, making the process much easier. You simply need to verify the pre-filled data, add any other income or deductions, and submit the return. Remember to e-verify your ITR within 30 days of filing to complete the process.
