Due Date of Filing of ITR for FY 2024-25

Introduction 

Whether you are a salaried employee, business owner, freelancer, or part of a Limited Liability Partnership (LLP), knowing the due date of filing of ITR for FY 2024-25 is important to stay compliant with income tax laws in India. Timely filing of the income tax return  helps you avoid late-filing penalties, interest, and unnecessary notices from the Income Tax Department. This article explains the applicable ITR due dates, penalties, and filing process strictly for FY 2024-25.

What is ITR and Why Filing It on Time Matters?  

Income Tax Return (ITR) is a form used to report your income, deductions, and taxes paid during a financial year. Filing ITR on time for FY 2024-25 helps in:

• Avoiding late filing penalties

• Claiming tax refunds without delay

• Carrying forward eligible losses

• Maintaining financial credibility for loans and visas

• Staying compliant with tax regulations

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

Why Is Knowing the ITR Due Date for FY 2024-25 Important?  

Missing the ITR due date can result in late fees, interest, and loss of certain tax benefits. The government specifies different due dates based on the taxpayer category. Knowing these timelines for FY 2024-25 helps individuals and businesses plan their tax filings properly and avoid last-minute issues.

ITR Filing Due Dates for FY 2024-25  

Note: If the ITR is not filed within the due date prescribed under Section 139(1), a belated return can be filed under Section 139(4) up to 31st December 2025, subject to late fees and interest.

Consequences of Missing the ITR Due Date for FY 2024-25 

1. Late Filing Fee under Section 234F 

2. Interest on Tax Due  

Interest under Section 234A is charged at 1% per month or part of a month on the outstanding tax amount, calculated from the original due date of filing till the actual date of filing the return.

3. Loss of Carry Forward of Losses  

If the ITR for FY 2024-25 is filed after the due date:

• Business losses cannot be carried forward

• Capital losses cannot be carried forward

• Unabsorbed depreciation can still be carried forward, even if the return is filed late

Process to File ITR for FY 2024-25 

Step 1: Collect Required Documents  

• PAN and Aadhaar

• Bank statements

• Form 16 (for salaried individuals)

• TDS certificates

• Investment proofs

• Balance Sheet and Profit & Loss Account (for businesses)

Step 2: Login to the Income Tax Portal  

Log in using your PAN credentials on the official Income Tax e-filing website.

Step 3: Select the Correct ITR Form  

• Salaried individuals: ITR-1 or ITR-2

• Business owners or professionals: ITR-3

• LLPs and partnership firms: ITR-5

• Companies: ITR-6

Step 4: Fill Income and Tax Details  

Enter details of income, deductions, tax paid, and TDS for FY 2024-25. 

Step 5: Submit and E-Verify  

Submit the ITR and complete e-verification through Aadhaar OTP, bank account, or net banking.

Illustrative Example  

Ajit, a salaried employee, earned ₹12 lakh during FY 2024-25. He filed his ITR after the due date of 31st July 2025. Since his total income exceeded ₹5 lakh and the return was filed after the due date, he had to pay a late filing fee of ₹5,000 under Section 234F along with interest on the outstanding tax payable under Section 234A.

Who Should File ITR for FY 2024-25?  

You must file an ITR if:

• Your income exceeds the basic exemption limit

• You want to claim a tax refund

• You have foreign income or foreign assets

• You are applying for a loan or visa

• You run a company, LLP, or partnership firm (mandatory even with NIL income)

Which ITR Form to Use for FY 2024-25?  

Conclusion  

The due date of filing of ITR for FY 2024-25 varies based on the taxpayer category. Filing your return within the prescribed timeline helps you avoid late filing fees, interest, and compliance issues. To ensure smooth processing and faster refunds, it is always advisable to file your ITR well before the due date.

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