Categories: Economy

Missed ITR deadline? Here are the penalties after September 15, 2025

ITR filing deadline extended for AY 2025-26 to 15 September 2025, giving taxpayers relief and more time to file returns.

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The Income Tax Department has extended the last date for filing Income Tax Returns (ITR) for the financial year 2024-25, assessment year 2025-26. The new deadline for non-audit individual taxpayers is now 15 September 2025. The earlier cut-off was 31 July. This move has given relief to millions of salaried employees, families, and individuals across India whose accounts do not require audit and the extension also aims to ensure accuracy in filing and smooth processing after recent changes in ITR forms and systems.

Reason for Extension

The Central Board of Direct Taxes (CBDT) announced that the extension will help taxpayers adjust to significant revisions in ITR forms. It also said that system development and TDS credit reflections needed more time. According to the CBDT, the extension will ensure smoother and more accurate filing for all taxpayers.

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Key Deadlines you Must Remember

  • 15 September 2025: Last date for individuals, HUFs, AOPs, BOIs not requiring audit
  • 31 October 2025: Last date for taxpayers whose accounts require audit
  • 30 November 2025: Last date for cases requiring transfer pricing reports
  • 31 December 2025: Last date for belated or revised returns with penalty
  • 31 March 2030: Last date for updated returns under the Finance Act (four years from the end of the relevant Assessment Year)

Penalties and Late Filing Charges

Taxpayers must file returns on time to avoid penalties. If you file your return after 15 September 2025, you will face a late fee of up to ₹5,000. If your income is below ₹5 lakh, the fee will be ₹1,000. You will also have to pay interest under Section 234A if taxes remain unpaid while belated and revised returns will still be possible till 31 December 2025 but however, penalties and interest will apply in such cases.

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What Taxpayers Should Do Now

Experts advise taxpayers to collect all documents, verify TDS entries, and prepare returns early and filing before the extended deadline will help avoid unnecessary fees and delays in refunds and the extension gives taxpayers more time, but timely compliance remains the safest way to manage obligations.