Last date to file income tax return: The new income tax season has started since 1 April 2025. Now all the taxpayers are eyeing how long the Income Tax Return (ITR) is to be filed for financial year 2024-25 (Assessment Year 2025-26). The Income Tax Department has already notified all forms ranging from ITR-1 to ITR-7.
Last date for filing ITR
The last date to file ITR is 31 July 2025 for most taxpayers. Although in some cases the tax department has increased the timeline, it is very low. Therefore, the advice is to file ITR before the scheduled time so that any kind of delay can be avoided.
What will happen if ITR is not filled in time?
If you do not fill ITR till the scheduled time, then you have to pay interest and fine for late filing.
Interest will have to be paid on outstanding tax for 1% monthly or every month’s share.
If your total income is less than Rs 5 lakh, then late filing fine is Rs 1,000.
If your total income is more than ₹ 5 lakhs, and you file ITR before 31 December 2025, then the fine will cost ₹ 5,000.
Note that if you do not fill ITR on time, the damage caused by business or capital gains cannot be taken in the next years.
Deadline for audit taxpayers
The last date to file ITR is 31 October 2025 for taxpayers or professionals who have an account audit.
Which ITR form should be chosen?
There are different ITR forms for every type of taxpayers-such as salary person, business, trust, NGO etc. Election of the right ITR form is necessary, otherwise the return can be rejected or a penalty can be imposed if the wrong form is filled.
What is Form 16 and when will you get?
Salarid people get Form 16 from their employees when TDS information comes in Form 26AS. Employees usually release Form 16 by June 15. However, even if you do not have Form 16, you can still file ITR with the help of Form 26AS and other documents. Filing ITR in time is not only easy, but it also protects you from fine and interest.
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