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.
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.
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.
|
Taxpayer Category |
Due Date |
|
Individuals, HUF, AOP (Non-audit cases) |
31st July 2025 |
|
Firms, LLPs, Companies (Audit cases) |
31st October 2025 |
|
Transfer Pricing cases |
30th November 2025 |
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.
1. Late Filing Fee under Section 234F
|
Total Income |
Late Filing Fee |
|
Up to ₹2.5 lakh |
Nil |
|
₹2.5 lakh to ₹5 lakh |
₹1,000 |
|
Above ₹5 lakh |
₹5,000 |
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
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.
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.
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)
|
Taxpayer Type |
ITR Form |
|
Salaried individuals with income up to ₹50 lakh |
ITR-1 |
|
Salaried individuals above ₹50 lakh or multiple properties |
ITR-2 |
|
Business owners or professionals |
ITR-3 |
|
LLPs and partnership firms |
ITR-5 |
|
Companies |
ITR-6 |
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.
ITR Compliance Calendar 2025-2026
7 ITR Disclosures for 2025-2026
Income Tax Verification (ITR-V)
For individuals who are not required to get their accounts audited, the due date of filing ITR for FY 2024-25 is 31st July 2025, unless extended by the CBDT.
LLPs and firms that are subject to audit must file their ITR for FY 2024-25 by 31st October 2025.
If you miss the due date, you can still file a belated return under Section 139(4) till 31st December 2025. However, late filing fees and interest may apply.
Yes, LLPs are required to file their ITR for FY 2024-25 even if there was no business activity or income during the financial year.
The late filing fee can be up to ₹5,000, depending on the total income of the taxpayer, as prescribed under Section 234F of the Income Tax Act.
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