ITR Filing Last Date FY 2024-25(AY 2025-26)

In addition to being required in certain situations, ITR Filing guarantees legal compliance, financial transparency, and access to a number of advantages. For non-audit taxpayers, the ITR filing deadline is typically July 31 of the relevant assessment year, unless it is extended.

By filing on time, you avoid the needless penalties that could result from failing to file taxes on time or from paying them late. To learn about the various categories’ ITR filing deadlines and how to file an ITR easily, continue reading.

Updated Budget for 2025:

No Income Tax on Up to ₹12.75 Lakh in Annual Income!

The government has given the middle class significant tax relief by increasing the Section 87A rebate limit from ₹7 lakh to ₹12 lakh. In addition, salaried people are eligible for a ₹75,000 standard deduction, which eliminates taxes on incomes up to ₹12.75 lakh.

Under the new tax system, the new slab structure:

• ₹0–₹4 lakh → Tax-free
• INR 4 lakh to INR 8 lakh → 5%
• INR 8 lakh to INR 12 lakh → 10%
• INR 12 lakh to INR 16 lakh → 15%
• INR 16 lakh to INR 20 lakh → 20%
• INR 20 lakh to INR 24 lakh → 25%
• INR 24 lakh & above → 30%

Extended period for ITR-U (updated returns) filing:
Instead of two years, taxpayers now have four years to update their income tax returns.

What is the FY (2024–25) ITR filing deadline?

The taxpayer determines the due date. For instance, businesses that are audited may file their income tax returns by September 31st of the assessment year, whereas salaried entities are often required to complete their reports by July 31st. Sections 234A and 234F impose interest and a penalty on taxpayers who file their ITR beyond the deadline, or a belated return. The 31st of December of the applicable assessment year is the deadline for ITR Filing a belated return.

In order to preserve correct financial records, avoid penalties, claim timely refunds, comply with tax rules, and enable seamless financial activities, it is imperative that you file your ITR on time.

What is the deadline for filing ITR 2024–2025?

For FY2024-25 (2025–26), the deadline for filing an Income Tax Return (ITR) without incurring late fines is July 31, 2025.

Usually, taxpayers must submit their ITR once a year, which includes information about their income and pertinent financial data for a given time frame, like a fiscal year (FY). For AY 2025–2026, the ITR filing period begins on April 1, 2025, and ends on July 31, 2025.

Penalties and notices from the Income Tax Department may result from missing the deadline for filing an income tax return. Make sure you file your ITR appropriately and by the deadlines in order to avoid receiving these letters.

The following justifies timely filing of your ITR:

• Prevent Penalties and Interest Charges: To prevent fines and penalties charged under various Income Tax Act parts. Penalties for late ITR filing can reach Rs. 5,000 for income over Rs. 5 lakh and Rs. 1,000 for income up to Rs. 1,000,000.00.
• Precise Tax Disclosure: You have enough time to collect the required paperwork and information if you file early. This lessens the possibility of mistakes or omissions and helps guarantee the accuracy of your tax return.
• Making a Refund Claim: Refund claims must be submitted on time. Filing early guarantees that the Income Tax Department will immediately issue your refund if you have paid more tax than you are due.
• Loss Adjustment: You can carry forward losses from the year if you file on time. Your tax obligation in later years can be decreased by deducting these losses from future profits.
• Verification within 30 Days: According to tax regulations, you have 30 days from the date of filing to confirm your ITR. Early filing gives you enough time to check your return and, if necessary, correct any mistakes.
• Keeping Your Credit Score High: When you apply for a loan or credit card, banks and other financial organizations frequently need your ITR as evidence of your financial health. Timely ITR filing demonstrates sound financial management and may increase your prospects of obtaining financing on favorable terms.
• Avoiding Last-Minute Rush: By filing ahead of time, you can minimize the chance of making rash mistakes and avoid the rush that comes closer to the deadline.
• Efficient Financial Planning: By filing early, you can better plan your finances for the following year by taking into account your tax liabilities and refunds.

Dates for FY 2024–2025 Income Tax Return Filing (AY 2025-26)

Date of Non-Audit Taxpayers’ ITR Filing Deadline

If an assessor’s books of accounts do not need to be audited, they typically have until July 31 of the relevant assessment year to file their income tax return.

Initial Deadline: October 31, 2025
Updated Deadline: November 15, 2025

Tax Audit Report Due Dates (Forms 3CA-3CD/3CB-3CD)

According to Section 139(1), the Tax Audit Report must be submitted one month before the Income Tax Return is due.
Updated Deadline: October 7, 2025

Due Date for Assessees’ Income Tax Returns under Section 92E 

ITR Deadline to file: November 30, 2025
At least one month prior to the date on which the return must be filed under Section 139(1), the accountant’s report is required (under Section 92E).

The day on which advance tax installments are due

The following are the deadlines for paying the advance tax:

The deadline for TDS payments

For both government and non-government assessees, the following provides a better understanding of the monthly TDS payment deadline:

Note: Tax deducted by a government assessee without a challan (treasury Challan) must be deposited on the same day of deduction. However, if a deduction is made under section 192(1A), it must be lodged within seven days of the end of the month in which the deduction is made, accompanied by an income-tax challan.

Tax deducted on the acquisition of immovable property under Section 194IA must be deposited within 30 days after the end of the month in which payment of consideration is made.

The deadline to file a TDS return

The deadline for government or non-government deductors to submit their quarterly TDS returns for FY-2024–2025 on Forms 24Q, 26Q, 27Q, and 27EQ is:

Take note:

• A quarterly statement for the Return of TDS information on salary payments is Form 24Q.
• A quarterly statement for Return of TDS information on Non-Salary Payments (Domestic) is Form 26Q.
• For the Return of TDS data on Other than Salary Payments (NRI/Foreign) (extra income such as interest or dividends), Form 27Q is also a quarterly statement.
• For TCS Return, use Form 27EQ.

Dates by which TDS certifications (Form 16) must be issued

Take note:

• Within 15 days following the deadline for submitting the TDS/TCS return, Forms 16A and 27D are issued.
• TDS withheld from non-salaried income is reported on Form 16A.
• The Tax Collection Certificate (TCS) is on Form 27D.

Date of TCS Return for FY 2024–2025

Interest and Penalties for Late Return Filing

File your income tax return on time to avoid paying large penalties and running the danger of receiving income tax notices.

Implications of Missing the Income Tax Return Deadline

You will be required to pay a late filing penalty if you fail to your ITR Filing by the deadline. Your income determines how much:

• For revenues over Rs. 5 lakh, up to Rs. 5,000.
• Rs. 1,000: For those making less than Rs. 5 lakh.
• No fine: If your income is less than the taxable limit, there is no penalty.
• Tax Interest Due: In addition, interest will be charged on any taxes you owe from the due date until you pay it. From the due date until the filing date, this interest is computed at a rate of one percent per month or a portion of a month on the outstanding tax amount.
• Delay in Refunds: If you’re due a refund, you won’t receive it until you file your return.
• Losses Cannot Be Carried Forward: With the exception of home property, losses under most income heads cannot be carried forward if the deadline is missed. Businesses and investors are especially at risk from this since it can result in a sizable financial loss.
  Shorter Time Needed for Corrections and Edits: Late filing limits the available time for rectifying errors or modifying the return. Typically, the deadline for updating an ITR is until the end of the assessment year. Late filing shortens this period and reduces the chance to properly correct errors.
• Prosecution: The income tax department may take legal action against you, which could result in a fine and up to seven years in prison. Difficulty Processing Loans: Some banks and financial institutions may not process loan applications from individuals who haven’t filed their ITRs.
• Old Tax Regime Selection: It’s crucial to remember that taxpayers must file their income tax returns by the deadline, July 31st, after which the new regime will automatically take effect for late filings.

The year in which you receive your income is known as the financial year (FY) for income tax purposes. The year after the fiscal year is known as the assessment year (AY), during which you assess and pay taxes on your prior year’s income.

Assessment Year (AY) and Financial Year (FY) for ITR Filing

For instance, your fiscal year is referred to as FY 2023-24 if it runs from April 1, 2023, to March 31, 2024. Following the conclusion of the fiscal year, the assessment year for the revenue earned during this time frame would begin on April 1, 2024, and run through March 31, 2025. AY 2024–2025 would be the assessment year as a result.

The deadline for ITR Filing and updating your FY 2021-22 (AY 2022-23) ITR Filing is March 31, 2025. There will be legal repercussions if this deadline is missed. You have up to four years, or FY 2025–2026—to file your ITR if you haven’t done so for FY 2021–2022. Return the updated file.

New Income Tax Bill Update: A significant change in wording is introduced in the proposed Income Tax Bill 2025. It substitutes “Tax Year” and “Financial Year” for “Assessment Year” and “Previous Year.” The goal of this change is to simplify tax legislation.

FAQs about the deadline for filing an ITR

Q:Is there an extension for the ITR deadline?

Yes, depending on the Income Tax Department’s judgment, the deadline for filing an ITR may occasionally be extended. Taxpayers are recommended to file their forms before the designated due dates in order to avoid any penalties or costs, as this does not occur every year.

Q: When is the deadline for filing an income tax return (ITR)?

Companies who need an audit have until October 31, 2025, to file their Income Tax Returns (ITR) for the Assessment Year (AY) 2025–2026. The deadline is November 30, 2025, if the business is engaged in certain domestic or foreign activities that call for a transfer pricing report.

Q:What is the FY 2024–25 (AY 2025–26) ITR filing deadline?

The deadline for ITR Filing taxes for FY 2024–2025 (AY 2025–2026) is July 31, 2025. Those who haven’t submitted their return by this date, however, have until December 31, 2025, to do so.

Q:Is it possible for me to submit a revised income tax return?

Yes, you can make changes to your income tax return up until the last day. December 31 of the applicable assessment year is the deadline for filing an amended ITR. Therefore, December 31, 2025 is the deadline for filing an amended ITR for FY 2024-25 (AY 2025-26).

Q:What is the deadline for filing a company’s income tax return for the fiscal year 2024–2025?

For FY 2024–2025, domestic enterprises have until October 31, 2025, to file their ITRs.

Q: What happens if an employee files their income tax return after the deadline?

According to Section 234F of the Income Tax Act, late costs will be assessed for filing beyond the deadline. 234A is also relevant.

Q:Is it possible to submit an income tax return after the deadline?

After paying the necessary late penalties and interest, you have until December 31st of the relevant assessment year to file a late return.