ITR Filing Date of FY 2024-25: Know How to File and Stay Penalty-Free
The new tax season of financial year 2024-25 has begun from April 1 officially. With assessment year 2025-26 implemented, taxpayers in the country are ready to submit their Income Tax Returns (ITR) within the respective time limits The Income Tax Department has released all the relevant ITR forms from ITR-1 to ITR-7 for different types of taxpayers. The most common question taxpayers have is regarding the deadline to file ITR without penalty or interest.
Filing ITR due dates for FY 2024-25
The deadline to file ITR in non-audit cases is 31 July 2025. This category typically includes salaried individuals, Hindu Undivided Families (HUFs), and small businesses that do not fall under audit requirements.
For accountants and business owners whose accounts are to be audited, the date of filing ITR due is 31 October 2025. The due date also applies for domestic companies that are required to be audited.
Where a taxpayer cannot comply with the initial deadline, late-filing return can be submitted by 31 December 2025. Such delayed returns, however, are subject to penalty and interest under the Income Tax Act.
Avoiding penalties and delays
Extensions to the above dates are not freely granted, and only for exceptional reasons. Therefore, pre-filing of ITR is advisable to avoid last-minute trouble and additional cost. Pre-filing of ITR also helps in faster processing of refunds and keeps the risk of notices or follow-ups by the tax department away.
Being aware of the deadlines and having knowledge of the cost of delay are vital steps towards financial discipline and adherence to income tax regulations in a smooth way.
