Income Tax Return Filing Last Date 2025 – Check ITR Filing Last Date

If a taxpayer files an ITR after the due date, the individual has to pay interest as per section 234A as well as a penalty as per section 234F.

So, When is the IT Returns Filing last date?

The last date to fill ITR for the Financial Year (FY) 2024-25 (AY 2026-27) is July 31, 2025. However, in case a taxpayer misses the last date for filing the ITR within that time, they can do so by filing a belated return before December 31, 2025.

Thus, the Income Tax Return filing date for Financial Year 2024-25 (AY 2026-27), is July 31, 2025.

Difference Between Assessment Year (AY) and Financial Year (FY) 
The Financial Year (FY) starts every year on April 1, while the Assessment Year (AY) begins on April 1 of the following financial Year. For instance, FY 2024-25 from April 1, 2024, and ends on March 31, 2025; the Assessment Year for FY 2024-25 will commence from April 1, 2025, and will last till March 31, 2025.

Hence, the ITR or income tax return you will file in March 2025 will be for the money you earned during the financial year 2024-25, which is from April 1, 2024, to March 31, 2025. On the other hand, the assessment year is the review year for FY 2025-26, wherein you file a return based on your declared investments and assessments that you are planning for FY 2025-26. So, for FY 2024-25, the assessment year would be AY 2025-26.

What is the start date of filing ITR in 2024-25?

x`The e-filing date of ITR for AY 2025-26 and FY 2024-25 is discussed below:

Due Dates for ITR Filing in India for FY 2024-25

Taxpayer	Tax Filing Due Date for FY 2024-25
Individual / HUF/ AOP/ BOI	July 31, 2025
Businesses that need Audit	October 31, 2025
Businesses that need reports of transfer pricing (mostly international and some particular domestic transactions)	November 30, 2025
Revised return date	December 31, 2025
Late return date	December 31, 2025

 

Consequences of Missing the ITR Filing Deadline

It is important to meet the deadline of ITR as presented by the Income Tax Department of India. However, what if you miss the deadline? Let’s take a look at the consequences of missing the deadline for filing your ITR:   

1. Interest will be imposed:

If a taxpayer misses the ITR filing deadline and submits the return after the deadline, the individual will be levied with a 1% per month interest. Alternatively, they might be charged for part month as per Section 234A on the unpaid tax amount.

2. Late fee is imposed:

Under Section 234F, late filing of ITR imposes a late fee of INR 5,000 on the taxpayer. This late fee is INR 1000 in the case of taxpayers whose total income is below INR 5 lakh.

3. Adjusting Losses:

In case taxpayers incur losses from investments like the stock market, real estate, or any other business, they can carry the loss forward and balance them against the next year’s income. But to carry these losses forward, you must file the returns before the ITR’s last date.

4. Belated Return:

If the ITR is filed after the due date because a taxpayer fails to file it on time, in that case, it is called a belated return. Even in the case of a belated return, the taxpayer has to pay a late fee and the interest. Moreover, here, the taxpayer cannot carry forward the losses for the future.

December 31 is the last date for filing a belated return of the assessment year (AY) in case it is not extended. Thus, for FY 2025-26, the belated income tax return filing last date is December 31 2025.

Due Dates for Advanced Instalments for FY 2025-24 (AY 2026-27)

Due date	Compliance type	Tax to be paid
June 15, 2025	First instalment	Tax liability – 15%
September 15 2024	Second instalment	Tax liability – 45%
September 15 2025	Third instalment	Tax liability – 75%
March 15 2026	Fourth instalment	Tax liability – 100%
March 15 2026	Presumptive instalment	Tax liability – 100%

Documents Required to File ITR

Here are some of the key documents to keep handy while filing ITR:

• PAN card
• Aadhaar card
• Form 16 from the employer
• Form 26AS
• Proofs of assets if the income is beyond INR 50 lakh
• Bank statements
• Investment Proofs

Tips for Timely ITR Filing

Here are some practical tips to help taxpayers file their income tax returns smoothly before the deadline:

• Evaluate the taxable income precisely. Don’t forget to add income from other sources like savings accounts, FDs, capital gains, rent, etc.
• Check all the available options or sections that you can use to claim deductions, like sections 80C, 80D, 80G, etc. Also, keep in mind the available deductions under preventive health check-ups
• Make sure to verify form 26AS and AIS or annual information statement as these documents contain information on TDS and TCS and others like interests, dividends, MFs, etc.
• Make sure to choose the right ITR form depending on your source of income and category of taxpayer, among others
• Keep all the required documents handy like PAN, Aadhaar, receipts of advance tax payment, Form 16 and 26AS, investment proofs, AIS, TDS certificate, etc.
• Make sure to check that your bank account details are error-free
• Also, don’t miss your ITR verification to complete the process of ITR filing

Filing ITR early is a must for everyone every year. Rather than waiting for the last date to file the returns, it is better to carry on the filing procedure early on to gain maximum benefits. Early filing of the ITR saves the taxpayer from the last-minute rush and the issues that may appear while closing the process at the last minute near the deadline, including technical glitches.