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

Filing your Income Tax Return (ITR) is an important step in managing your taxes. It’s essential to keep track of the latest deadlines and rules. This guide provides the ITR filing due dates for different taxpayers, making the process easier to follow.

Budget 2025 Update

In Budget 2025, the deadline for taxpayers to file updated income tax returns has been extended from 2 years to 4 years from the end of the relevant assessment year.

When is the Last Date to File ITR?

The last date to file ITR for non-audit taxpayers is 31st July of the next financial year.
For the Financial Year 2024-25 (Assessment Year 2025-26), the last date to file ITR will be 31st July 2025.
If you miss this deadline, you can still file a belated return by 31st December 2025, but there will be penalties and interest.

Income Tax Filing Due Dates for FY 2024-25 (AY 2025-26)

Consequences of Missing the ITR Filing Deadline

Interest
If you file your return late, you will have to pay interest at a rate of 1% per month (or part of a month) on the unpaid tax amount, as per Section 234A.

Late Fee
If you file late, Section 234F imposes a late fee:

Rs. 5,000 if your total income is over Rs. 5 Lakh.
Rs. 1,000 if your total income is Rs. 5 Lakh or less.

Loss Adjustment
If you have incurred losses from things like the stock market, mutual funds, property, or your business, you can carry these losses forward to reduce your income in the next year, which helps lower your future tax. However, if you miss the ITR filing deadline, you won’t be able to carry forward those losses.

What if I Miss the ITR Filing Deadline?

If you missed the ITR filing deadline, don’t worry! You can still file your ITR in the following ways:

Belated Return
If you miss the due date, you can file a belated return. However:

You’ll need to pay a late fee and interest.
You won’t be able to carry forward any losses to reduce taxes in future years.
You can still claim deductions and exemptions.
The last date to file a belated return is 31st December of the assessment year (unless the government extends the date).

Updated Return
If you miss the 31st December deadline due to unavoidable reasons, you can file an updated return (ITR U), but certain conditions apply.

What if There are Errors in My ITR?

If you’ve already filed your ITR and found mistakes, don’t worry! You can easily correct it by filing a revised return.

Revised Return
A revised return lets you fix errors in your original ITR.

The last date to file a revised return is 31st December of the assessment year.

Important Due Dates for Paying Advance Tax for FY 2025-26

When it comes to income tax, there are some important steps you must complete on time, like filing your tax return and paying advance tax.

Frequently Asked Questions

1. How to pay income tax after the due date?
If you miss the due date for paying taxes and filing your return, you can still file it later. However, you will have to pay a late filing fee and interest. The penalty is ₹5,000. If your total income is less than ₹5 lakh, the penalty is ₹1,000.

2. Under which section can you file ITR after the due date?
You can file a late (belated) return under Section 139(4) of the Income Tax Act. A penalty of up to ₹5,000 applies.

3. What is the due date for filing an income tax return?

For most individuals and non-audit cases: 31st July.
For audit cases: 31st October.
You can file your ITR easily online.

4. How to revise income tax returns before the due date?
You can correct your original return by filing a revised return under Section 139(5). Just follow the regular process and complete the e-verification.

5. How to revise income tax returns after the due date?
You can still revise your return under Section 139(5) until 31st December of the assessment year. After that, no revisions are allowed unless you get special permission under Section 119 by contacting your Assessing Officer (A.O.).

6. What happens if you don’t file your income tax return on time?
You can still file a belated return, but a penalty of ₹5,000 may be charged. If your total income is below ₹5 lakh, the fee is ₹1,000.

7. What is the due date for Trusts to file their return?

If accounts don’t need to be audited: 31st July 2025.
If audit is required: 31st October 2025.
If Form 3CEB is needed under Section 92E: 30th November 2025.

8. What is the due date for Companies to file their return?

For most domestic companies: 31st October 2025.
If international transactions are involved (Form 3CEB under Section 92E): 30th November 2025.

9. What is the last date to file ITR?

31st July for individuals.
31st October for those who require an audit.

10. What is an income tax audit?
It is a check of a business’s or person’s accounts by a Chartered Accountant (CA) to ensure they are following the Income Tax rules.

11. What if the 31st December deadline is also missed?
You can still file an Updated Return (ITR-U) within 4 years after the end of the assessment year.

12. Will my refund get delayed if I file after the due date?
Yes, filing late can delay the refund process.

13. Will there be a penalty if my income is below the taxable limit?
No, if your income is below the taxable limit, no penalty or interest will be charged even if you file late.

14. Is both penalty and interest charged for late filing?

If your taxable income is up to ₹5 lakh: penalty up to ₹1,000.
If your taxable income is more than ₹5 lakh: penalty of ₹5,000.
Interest at 1% per month is also charged on any unpaid tax.

15. When can I start filing my Income Tax Return?
You can start filing your ITR from 1st April of the Assessment Year. For AY 2025-26, you can start from 1st April 2025.

16. Can I file my ITR later if I miss the due date?
Yes, you can file a belated return before 31st December, but a late fee and interest will apply.

17. Can I file Income Tax Return after 31st December?
Yes, using ITR-U, you can file even after 31st December.
However, you will have to pay a penalty of up to ₹5,000 and an additional tax of 25% or 50% of the tax and interest depending on when you file it.