ITR Filing 2025: The last date for filing ITR has now been extended from 31 July to 15 September. But filing the return after the stipulated time may result in a fine of ₹ 1,000 to ₹ 5,000 and 1% interest every month. Also, there may be problems in work like refund, loan, visa.
ITR Filing 2025: If you have not been able to file your Income Tax Return (ITR) yet, then there is relief news for you. This time the Income Tax Department has extended the last date for filing the return from 31 July to 15 September. That is, now taxpayers have got an additional 45 days to file the return.
However, this deadline is only for relief, not for negligence. Because if you file ITR after 15 September, then not only may you have to pay a heavy penalty, but it can also have a negative impact on your financial profile.
These losses can occur if you file ITR after the due date
Delay in filing ITR is not just a small mistake, it also affects your financial credibility and future plans.
1- Bad effect on financial history: Late filing raises questions on your tax profile, which can reduce your credibility in the eyes of banks and other financial institutions.
2- Problem in loan application: If ITR is not filed on time, there may be problems while applying for personal, home or business loan. Many times banks approve loans only after looking at the previous ITR record.
3- Delay in refund claim: If refund is due in your return and you have filed ITR late, then there may be unnecessary delay in getting the refund.
4- Obstacle in visa process: ITR filed on time at the time of visa application for foreign travel or studies is an important document. Late filing of return can become an obstacle in this process.
How much penalty will have to be paid?
If a person files ITR after September 15, he has to pay a late filing penalty under the Income Tax Act. The amount of the penalty is decided based on your total annual income:
| Annual Income | Delay penalty |
| Less than ₹5 lakh | ₹1,000 |
| Above ₹5 lakh | ₹5,000 |
Apart from this, if you have tax dues and you have not paid it on time, then you may have to pay additional interest of 1% every month.
Be sure to keep these things in mind while filing ITR
ITR filing is not just a formality but a responsibility. It is very important to do it correctly and within the stipulated time limit. Keep some important things in mind while filing.
1- Choose the right ITR form: Currently ITR-1, ITR-2, ITR-3 and ITR-4 are available on the Income Tax Department website. Choose the right form based on your source of income, job, occupation and other details.
2- Choose the tax regime wisely: Now you have to choose between the old tax regime and the new tax regime. While the old regime offers more exemptions and deductions, the new regime has lower rates but the exemptions are limited. Take a decision based on your income and expenditure.
3- Do not forget to do e-verification: After filing ITR, it is mandatory to e-verify it. If you have filed the return but have not done e-verification, then your filing will be considered incomplete and will not be accepted.
4- Check the documents first: Before filling the form, keep all the necessary documents like Form 16, bank statement, investment receipts, and other income proofs ready. This will reduce the chances of error.
