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ITR deadline has been extended to September 15, 2025

This time people have got more time to fill the income tax return (ITR). Many people have also given their returns in time, but some people are sure to be relaxed after increasing the date and are thinking of filing it later. Tax experts say that it is not right to wait for the last time, because two dates are very important in ITR filing - duty date and last date.

According to experts, people usually consider these two as the same, whereas there is a big difference. The date is the date within which you can fill the returns without late fees and penalty. At the same time, the last date is the last deadline, after which it is not possible to fill the return at all.

When is the deadline to file ITR?

The date of filing ITR for FY 2024-25 was earlier July 31, 2025, which was increased to 15 September, 2025. If a taxpayer does not file a return till this date, he can file a return with late fees and interest till December 31, 2025. This is the last date or final deadline. After this, there will be no option to file ITR.

Disadvantages of missing the date

If you do not file returns by the date of date i.e. September 15, 2025, then many types of benefits can be removed by hand.

1. If you have the right to set-off with the profit of next year, then that right will end.
2. If the advance tax has not been paid by 31 March, 2025, then interest will have to be paid on the deficiency, even if the tax is filled later.
3. Those receiving refunds can also suffer losses, because the interest on the refund will be reduced when filed after a date.

What will happen when filed till the last date?

Suppose, the income of a senior citizen named Rajiv Sharma is from bank interest, share and mutual fund dividend. They do not need to pay advance tax, but if they file ITR after September 15 and before 31 December, 2025, they will have to pay interest for that period. Late fee will also apply with this

1. If the taxable income is more than Rs 5 lakh, then the late fee will be Rs 5,000.
2. If the income is Rs 5 lakh or less, then the late fee will have to be paid Rs 1,000.

Why is it necessary to file ITR on time?

By filing ITR on time, not only can late fees and interest be avoided, but the benefits of tax planning are also fulfilled. On fileing quickly, the interest of refund is more and the possibility of delay in the documents or delay in processing also decreases.