ITR Filing Last Date FY 2024-25 (AY 2025-26): Updated deadline for filing income tax returns in India for salaried individuals, companies, and more
Every year, taxpayers in India must file their Income Tax Returns (ITR) within the prescribed deadline set by the Income Tax Department. For the Financial Year (FY) 2024-25, corresponding to the Assessment Year (AY) 2025-26, it is important to understand the exact filing deadlines to avoid penalties and other legal consequences.
Timely ITR filing not only helps taxpayers stay compliant but also enables them to claim refunds, carry forward losses, and maintain a smooth financial record. This article explains the updated ITR filing last date for FY 2024-25, who must file, consequences of late filing, and practical tips to make the filing process hassle-free.
What is the ITR Filing Last Date for FY 2024-25 (AY 2025-26)?
The last date for filing Income Tax Returns for the financial year 2024-25 typically falls on 31st July 2025 for most individual taxpayers. This deadline is for those whose accounts do not require audit certification.
For taxpayers whose accounts require auditing, such as businesses or professionals with turnover above the prescribed limit, the due date is generally extended to 30th September 2025. Companies, especially those subject to statutory audits, must adhere to this later deadline.
It is essential to watch for any government notifications, as extensions or changes may be announced depending on circumstances such as administrative delays or pandemic situations.
Who Needs to File ITR for FY 2024-25?
Filing Income Tax Returns is mandatory for a broad category of taxpayers. The following groups must ensure they submit their returns within the stipulated deadline:
- Salaried Individuals: Anyone earning an income exceeding the basic exemption limit, including income from salary, house property, or other sources.
- Self-Employed Professionals: Freelancers, consultants, and professionals with a turnover exceeding ₹50 lakhs or earning taxable income above exemption limits.
- Businesses: Proprietorships, partnerships, companies, and LLPs registered under Indian law.
- Senior Citizens: People above 60 years of age whose income surpasses the exemption threshold.
- Non-Resident Indians (NRIs): Taxpayers earning income from Indian sources.
- Tax Deducted at Source (TDS) Claimants: Individuals who want to reconcile TDS credits or claim refunds.
- Others: Individuals claiming deductions, exemptions, or refunds from the government.
Important Dates for ITR Filing FY 2024-25 (AY 2025-26)
| Category | Due Date |
|---|---|
| Individual taxpayers (non-audit cases) | 31st July 2025 |
| Taxpayers with audit requirements | 30th September 2025 |
| Companies and LLPs | 30th September 2025 |
Penalties and Consequences of Missing the Deadline
Failing to file ITR within the due date can lead to several penalties and setbacks:
- Late Filing Fees: Under Section 234F, a fine between ₹1,000 to ₹10,000 may be levied depending on the delay duration.
- Interest on Tax Dues: Interest under Section 234A may be charged for late payment of taxes.
- Loss of Carry Forward Benefits: Taxpayers cannot carry forward business or capital losses if returns are filed late.
- Delayed Refunds: Any income tax refunds due will be delayed until the return is filed and processed.
- Compliance Issues: Non-filing can lead to notices from the Income Tax Department and affect credit scores or loan approvals.
- Restricted Visa or Financial Transactions: Proof of ITR filing is often mandatory for visa applications, loans, and other financial services.
How to File Your ITR for FY 2024-25: Step-by-Step Guide
1. Collect All Relevant Documents
Gather necessary documents such as:
- Form 16 (Salary Certificate)
- Form 26AS (TDS Statement)
- Bank Statements
- Investment Proofs (for deductions)
- Details of Capital Gains, if any
- Business or Professional income details
2. Choose the Correct ITR Form
Depending on your income source and category, select the appropriate ITR form. For example:
- ITR-1 (Sahaj) for salaried individuals with income from salary, pension, and one house property.
- ITR-3 for business income.
- ITR-4 for presumptive business income.
3. File Online on the Income Tax e-Filing Portal
Use the official Income Tax Department portal (www.incometax.gov.in) to upload your return or file it directly online. You can also use authorized third-party software or tax consultants.
4. Verify Your Return
Verify your return electronically using Aadhaar OTP, net banking, or EVC, or physically by sending a signed copy of ITR-V to CPC Bangalore within 120 days.
Tips to Ensure Smooth ITR Filing
- File early to avoid last-minute rush and server issues.
- Double-check all income and deduction details before submitting.
- Keep digital and physical copies of filed returns for future reference.
- Seek professional help if your financial situation is complex.
- Regularly check your Form 26AS for accurate TDS credits.
Recent Updates on ITR Filing Deadlines
The government sometimes extends deadlines based on unforeseen circumstances or administrative delays. Taxpayers should stay updated by regularly visiting the Income Tax Department’s official website or trusted news portals to ensure timely compliance.
Conclusion
Filing Income Tax Returns on time for FY 2024-25 (AY 2025-26) is essential to avoid penalties and ensure smooth financial transactions. Whether you are a salaried individual, self-employed professional, or a company, understanding the deadlines and following the correct procedures can save you from unnecessary hassles.
Prepare your documents, choose the right ITR form, and file your returns well before the due dates — 31st July 2025 for individuals and 30th September 2025 for audit cases. Staying compliant with tax laws not only secures your financial health but also helps in maintaining a clear record with the government.
Stay informed and file your ITR timely!
