ITR Filing Last Date in 2025: What You Need to Know 

Don’t Be Late! 2024 ITR Filing Deadlines Explained

Avoid Penalties: Guide to ITR Filing Last Dates in 2024

In India, the revenue generated by the Government is classified into two categories: direct tax and indirect tax. Direct tax is tax levied on an individual’s income, which is one the significant sources of revenue for the Government of India. As of 17th March 2024, the Government collected Rs. 18,90,259 crore as net income tax, 19.88% higher than the preceding year. However, only 2.2% of the adult population pays income tax in India, much lower than in countries like the USA, UK, Germany and France, where more than 50% of voting pay income tax. 

As a responsible citizen of our nation, it is not just a legal obligation but also a civic duty to file your ITR 2024 before the last date. By doing so, you are actively contributing to the development and progress of our country. 

In this blog, we will discuss the importance of filing the ITR and the ITR 2024 last date for each category of taxpayers. 

Importance of ITR Filing Before Last Date in 2025 

Whether you are an individual or a company, involved in business or a salaried person, it is not just a financial obligation, but your legal responsibility to file an ITR before the last date in 2024. Individuals and companies must furnish accurate income information and claim deductions and exemptions, thereby paying the right amount of tax within the stipulated deadline. 

Your timely payment of taxes plays a crucial role in enabling the Government to accurately assess tax collection. This, in turn, leads to the smooth functioning of public welfare schemes, making your contribution significant and impactful.

What Exactly Financial Year (FY) & Assessment Year (AY) Are? 

In FY 2024-25, you will file an income tax return for the earnings made between 1st April 2023 and 31st March 2024. In the assessment year, you review your declared incomes, returns filed, exemptions, losses, deductions, etc. In other words, FY 2023-24, the assessment year, would be the immediately succeeding year, i.e., 1st April 2024 to 31st March 2025, also referred to as AY 2024-25. 

Last Date of Filing ITR for FY 2025-26 

Being a taxpayer, you must file an income tax return before the deadline to avoid penalty. Apart from that, you may not get certain income tax benefits; hence, it is best to always file an ITR 2024 before the last date of your category of taxpayer. Here are the deadlines for filing income tax returns for each category: 

Taxpayer Category	Deadline
For individuals/assessee’s accounts that do not require auditing (Individuals, HUFs, Association of Persons, Body of Individual)	The last date to file an Income Tax Return for FY 2024-25, without late fee, is 15th Jan 2025
For taxpayer whose accounts requires auditing:  – A company  – A working partner of a firm  – An individual or other entities whose accounts must be audited (like proprietorship, firm, etc.)	The last date is 31st October of the relevant assessment year. FY 2024-25, the last date would be 31st October 2024.
For taxpayers who must submit a report under Section 92E*	30th November of the relevant assessment year. For FY 2024-25, the AY is 2025-26.
File Belated ITR all categories of taxpayer	31st December of the relevant assessment year. For FY 2024-25, the assessment year is 2025-26
File Revised ITR for all categories of taxpayer	31st December of the relevant assessment year. For FY 2024-25, the assessment year is 2025-26
Updated ITR	31st March of the relevant assessment year. For FY 2024-25, the assessment year is 2025-26

Penalty For filing ITR 2025 Post Last Date 

Particulars	Penalty & Interest	Section of the Act
Delay in Filing ITR 2024	For FY 2024-25 or  AY 2025-26 – When the total income is more than Rs. 500,000: Rs 5000 – When the total income is less than Rs. 500,000: Rs 1000 – Interest 1% per month on the unpaid tax, applicable after the due date	234F
Late filing of TDS return	Fee: Rs. 200 per day, applicable from the due date of filing the return  Penalty: Minimum Rs. 10,000 & maximum Rs. 100,000. If a return is filed within one year, no penalty	234E271H

Consequence of Not Filing ITR 2025 after Last Date 

Following are the repercussions you have to face if you don’t file ITR 2025 even after the last date of filing: 

• Late filing penalty: Minimum 1000 INR to Max 5000 INR
• Interest on tax amount: At 1% per month post-due date
• Legal proceedings: The income tax department may initiate legal action, which could lead to imprisonment or a heavy fine
• Rejection or delay in loan disbursement: Some banks may not accept your loan application
• Difficulty in claiming tax benefits: Tax benefits like claiming loss from investment will not be available 

Ready to File ITR 2025? 

After reading this blog, if you have any questions or need further assistance, please feel free to contact us. We are here to support and guide you. If you own a company and are looking for a complete business solution for GST return filing, invoicing, and inventory management, then do consider Munim—GST accounting software. Providing you with the necessary tools to manage your taxes efficiently. 

Frequently Asked Questions on ITR Filing Last Date  

What are the ITR filing’s last dates in 2025? 

The ITR Filing last date is from 30th December 2024 to 15th Jan 2025.

As mentioned above, the last date for ITR filing in 2025 for the respective category of taxpayers. 

How to pay ITR 2025 after the last date? 

If you missed the ITR filing last date in 2025 and want to file an ITR after the due date, a late filing penalty and interest will be charged. If your total income is less than Rs. 500,000, a Rs. 1000 late fee will be levied. 

What are the penalty charges if ITR is filed post-due date if income is below the taxable limit? 

No penalty or interest will be charged for Nil ITR, even if you file after the due date.