-
June 6, 2025
Due Date of Filing of ITR 2024-25
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
Income Tax Verification (ITR-V)
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.
File Your Income Tax Returns Now
No More Tax Worries, let Ebizfiling handle your ITR today!
June 3, 2025 By Team Ebizfiling
How to calculate the 80G limit? Introduction Understanding how to calculate the 80G limit is crucial for taxpayers who donate to charitable organizations and want to claim tax benefits. Section 80G of the Income Tax Act provides deductions on donations, […]
May 31, 2025 By Team Ebizfiling
7 Mandatory Disclosures in ITR-1 & ITR-4 for AY 2025–26 (Old Regime)
May 29, 2025 By Team Ebizfiling
Eligibility For Donation Under Section 80G of Income Tax Act Introduction Donations under Section 80G of the Income Tax Act allow individuals and organizations to claim tax deductions on contributions made to NGOs or charitable trusts. This means that donors […]