Income Tax Return (ITR) Filing Last Date for AY 2025-26
Filing your Income Tax Return (ITR) is a crucial step in managing your tax obligations. Knowing the due dates, penalties, and consequences of missing the deadline ensures compliance and avoids unnecessary fines. This guide provides a comprehensive overview of ITR filing deadlines for different taxpayer categories, penalties for late filing, and updates from Budget 2025.
Budget 2025 Update on ITR Filing
As per Budget 2025, the deadline for filing an updated income tax return (ITR-U) has been extended from 2 years to 4 years from the end of the relevant Assessment Year (AY). This means taxpayers now have more time to rectify mistakes or omissions in their previously filed returns.
ITR Filing Due Dates for FY 2024-25 (AY 2025-26)
| Category of Taxpayer | Due Date for ITR Filing (FY 2024-25) |
|---|---|
| Individuals / HUF / AOP / BOI (Non-Audit Cases) | 31st July 2025 |
| Businesses Requiring Audit | 31st October 2025 |
| Businesses Requiring Transfer Pricing Reports (International Transactions) | 30th November 2025 |
| Revised Return | 31st December 2025 |
| Belated / Late Return | 31st December 2025 |
| Updated Return (ITR-U) | 31st March 2030 (4 years from the end of the AY) |
Consequences of Missing the ITR Filing Deadline
1. Interest on Late Filing (Section 234A)
If you file your ITR after the deadline and have unpaid taxes, you will be liable to pay an interest of 1% per month or part of the month on the outstanding tax amount.
2. Late Filing Fee (Section 234F)
- ₹5,000 if the return is filed after 31st July 2025 but before 31st December 2025.
- ₹1,000 if total income is below ₹5 lakh.
3. Loss Adjustment Restrictions
If you have capital losses, business losses, or losses from mutual funds or stocks, you can carry them forward to future years and offset them against profits. However, this benefit is not available if you miss the ITR deadline.
Options if You Miss the ITR Deadline
1. Belated Return (After Due Date but Before 31st December 2025)
- You can file a belated return by 31st December 2025.
- However, you must pay the late fee and interest under Sections 234A and 234F.
- You cannot carry forward any losses to the next financial year.
2. Updated Return (ITR-U) – Up to 4 Years
- If you miss the 31st December 2025 deadline, you can still file an updated return (ITR-U) up to 31st March 2030 (4 years from the end of the relevant assessment year).
- This allows taxpayers to correct omitted incomes or mistakes but comes with an additional tax penalty.
3. Revised Return (If Errors Are Found in Filed ITR)
- If you filed an incorrect ITR, you can revise it by 31st December 2025.
- Example: If you filed your return on 30th June 2025 but later realized a deduction was missed, you can revise it before 31st December 2025.
Understanding Financial Year (FY) and Assessment Year (AY)
- Financial Year (FY): The year in which you earn the income. Example: 1st April 2024 – 31st March 2025.
- Assessment Year (AY): The year in which the income earned in the previous financial year is assessed and taxed. Example: AY 2025-26 (for FY 2024-25).
Illustration:
- If you earn income between April 2024 – March 2025 (FY 2024-25), you must file an ITR in AY 2025-26.
Advance Tax Payment Due Dates for FY 2025-26
| Due Date | Tax to Be Paid |
|---|---|
| 15th June 2024 | 15% of total tax liability |
| 15th September 2024 | 45% of total tax liability |
| 15th December 2024 | 75% of total tax liability |
| 15th March 2025 | 100% of total tax liability |
| 15th March 2025 (Presumptive Taxpayers) | 100% of total tax liability |
Avoid Late Filing Penalties: Consult SAPTAX HUB LLP
To ensure timely and error-free ITR filing, consult SAPTAX HUB LLP, a trusted Chartered Accountant Firm in Delhi. Our experts assist with:
✅ Income Tax Filing & Compliance
✅ GST Registration & Return Filing
✅ TDS Filing & Compliance
✅ Audit & Accounting Services
Don’t wait for the deadline—file your ITR early to avoid penalties! Contact SAPTAX HUB LLP today for expert assistance.
