ITR Due Date for AY 2024-2025

Due Date of Filing of ITR 2024-25

Quick Summary

    • ITR due date for AY 2024–25:
      Individuals: 31st July 2024
      Businesses/LLPs/Companies (audit): 31st October 2024
    • Late filing may lead to: up to ₹5,000 penalty, 1% interest, and loss of carry forward benefits.
    • Filing: File ITR online on incometax.gov.in using the correct form before the deadline.

Introduction

Whether you’re a salaried employee, business owner, freelancer, or part of a Limited Liability Partnership (LLP), understanding the due date of filing of ITR 2024-25 can help you avoid penalties and stay compliant with tax laws. This article will help you know more about due date of filing of ITR 2024-25.

What is ITR and Why Filing It On Time Matters?

ITR (Income Tax Return) is a form where taxpayers report their income, deductions, and tax paid to the government. Filing ITR on time helps in:

      • Avoiding penalties.
      • Availing loans, credit cards, and visa approvals.
      • Claiming tax refunds.
      • Ensuring business credibility for corporate entities.

The ITR process is handled online through the official Income Tax e-filing portal.

Why Was the ITR Due Date Extended?

      • The notified ITR forms for AY 2025-26 had structural and content changes for better transparency and simplified compliance.
      • The system required more time for development, integration, and utility testing.
      • TDS credits (from statements due on 31st May 2025) will reflect only by early June, which would limit timely return filing without extension.

ITR Filing Due Dates for AY 2024-25 (FY 2023-24)

Taxpayer Category Due Date ITR Forms
Individuals / HUF / AOP (non-audit) 15th Sep 2025 ITR-1, ITR-2, ITR-3
Firms, LLPs, Companies (audit) 31st Oct 2025 ITR-3, ITR-5, ITR-6
TP cases (Form 3CEB) 30th Nov 2025 ITR-3, ITR-5, ITR-6

Note: If you miss the due date, you can still file a belated return till 31st December 2024, with late fees.

Consequences of Missing ITR Filing Deadline

Filing your ITR after the due date can lead to various issues:

1. Late Filing Fee Under Section 234F

Income Level Filing After the Due Date Late Fee
Up to ₹2.5 lakh (no tax liability) Not Applicable No Fee
₹2.5 lakh to ₹5 lakh After the due date ₹1,000.00
Above ₹5 lakh After the due date ₹5,000.00

2. Interest Penalty

1% interest per month on tax due (Section 234A).

3. Loss of Carry Forward Benefits

Business or capital losses can’t be carried forward if ITR is not filed on time.

What is the process to File ITR for AY 2024-25?

You need to follow these steps for filing an Income Tax Return:

Step 1: Collect Required Documents

      • PAN and Aadhaar
      • Bank Statements
      • Form 16 (for salaried)
      • TDS certificates
      • Investment proofs (80C, 80D, etc.)
      • Balance Sheet and P&L (for businesses or professionals)

Step 2: Login to Income Tax Portal

Register or log in with your PAN.

Step 3: Choose the Correct ITR Form

      • Salaried: ITR-1
      • Business: ITR-3 or ITR-5
      • Company: ITR-6

Step 4: Fill in Income Details & Verify

Enter income from salary, business, house property, etc. Include deductions and TDS.

Step 5: Submit and E-verify

Submit return and verify via Aadhaar OTP or bank account.

An Illustrative Example:

Ajit, a salaried employee earning ₹12 lakhs, files his ITR after 31st July 2024. Since he missed the deadline, he pays a ₹5,000 late fee under Section 234F and interest on tax due.

Who Should File ITR?

You must file Income Tax Returns if:

      • Your total income exceeds the basic exemption limit (₹2.5 lakh for individuals below 60).
      • You have foreign assets or income.
      • You want to claim a refund.
      • You’re applying for a loan or visa.
      • You’re running a company, LLP, or partnership firm (mandatory, even with nil income).

Which Form to Use for ITR 2024-25?

Taxpayer Type Form
Salaried below ₹50L ITR-1
Salaried above ₹50L / Multiple properties ITR-2
Business Owner / Professional ITR-3
LLP / Partnership ITR-5
Companies ITR-6

Conclusion

The Government of India has set different due dates based on taxpayer categories. For most individuals, it is 31st July 2024. Missing these deadlines can lead to interest, penalties, and delayed refund processes.

Suggested Read 

ITR Compliance Calendar 2025-2026

7 ITR Disclosures for 2025-2026

How to File ITR Form 5?

Income Tax Verification (ITR-V)

ITR 4 Form Filing

 

FAQs

1. Is Aadhaar-PAN linking required before filing ITR for FY 2024-25?

Yes, Aadhaar and PAN must be linked to successfully file your ITR. If not linked, your return may get rejected.


2. Is it mandatory to file ITR even if my income is below ₹2.5 lakhs?

No, it’s not mandatory if income is below the basic exemption limit, but filing is recommended for future loan, visa, or financial purposes.


3. Can salaried employees file ITR after the due date?

Yes, salaried individuals can file a belated ITR, but they may have to pay a penalty under Section 234F.


4. What is the last date to revise an ITR filed for FY 2024-25?

You can revise your return for FY 2024-25 until 31st December 2025, if it was originally filed before the due date.


5. Do NRIs have the same ITR filing deadline for FY 2024-25?

Yes, Non-Resident Indians (NRIs) must also follow the same ITR filing deadline based on their income sources and audit requirements.

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