ITR Filing Deadline 2025: Know by when to file income tax return, how much penalty will be levied for delay

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Last Date to File Income Tax Return : The new income tax season has started from 1 April 2025. Now all the taxpayers are looking at when to file Income Tax Return (ITR) for the financial year 2024-25 (Assessment Year 2025-26). This time the Income Tax Department has already notified all the forms from ITR-1 to ITR-7.

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Last date for filing ITR

For most taxpayers who are not audited, the last date to file ITR is 31 July 2025. Although the tax department has extended the timeline in some cases, it is very rare. Therefore, the advice is to file ITR before the stipulated time to avoid any delay.

What will happen if ITR is not filed on time?

If you are unable to file ITR by the due date, you will have to pay interest and penalty for late filing.

Interest will have to be paid on the outstanding tax at the rate of 1% monthly or part of the month.

If your total income is less than Rs 5 lakh, the penalty for late filing is Rs 1,000.

If your total income is more than ₹5 lakh, and you file ITR before December 31, 2025, the penalty will be ₹5,000.

Note that if you do not file ITR on time, losses from business or capital gains cannot be carried forward to subsequent years.

Deadline for audited taxpayers

For taxpayers or professionals whose accounts are audited, the last date to file ITR is October 31, 2025.

Which ITR form to choose?

There are different ITR forms for each type of taxpayer – salaried individuals, businesses, trusts, NGOs, etc. Choosing the right ITR form is important, else filing the wrong form may result in the return being rejected or a penalty being imposed.

What is Form 16 and when will it be available?

Salaried people get Form 16 from their employers when the TDS information is entered in Form 26AS. Usually, employers issue 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 on time is not only easy, but it also saves you from penalty and interest.

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