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.
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:
The ITR process is handled online through the official Income Tax e-filing portal.
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.
Filing your ITR after the due date can lead to various issues:
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 |
1% interest per month on tax due (Section 234A).
Business or capital losses can’t be carried forward if ITR is not filed on time.
You need to follow these steps for filing an Income Tax Return:
Register or log in with your PAN.
Enter income from salary, business, house property, etc. Include deductions and TDS.
Submit return and verify via Aadhaar OTP or bank account.
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.
You must file Income Tax Returns if:
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 |
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.
ITR Compliance Calendar 2025-2026
7 ITR Disclosures for 2025-2026
Income Tax Verification (ITR-V)
Yes, Aadhaar and PAN must be linked to successfully file your ITR. If not linked, your return may get rejected.
No, it’s not mandatory if income is below the basic exemption limit, but filing is recommended for future loan, visa, or financial purposes.
Yes, salaried individuals can file a belated ITR, but they may have to pay a penalty under Section 234F.
You can revise your return for FY 2024-25 until 31st December 2025, if it was originally filed before the due date.
Yes, Non-Resident Indians (NRIs) must also follow the same ITR filing deadline based on their income sources and audit requirements.
Trademark Renewal Delays: Legal Impact and Costs Introduction A registered trademark protects your brand identity and grants exclusive usage rights.…
How Virtual Offices Helps in Remote US Company Incorporation? Introduction Starting a business in the United States no longer requires…
How Foreigners Can Register a Company in India Without an Indian Partner Introduction Foreign nationals can establish a business in…
National Single Window System(NSWS) Introduction The National Single Window System (NSWS) is a digital platform launched by the Indian government…
What to Do If You Miss the MGT-7 Filing Deadline? Introduction For any company operating in India, staying on top…
Penalties for Late of OPC Annual Filing Introduction Filing annual returns on time is mandatory for every One Person Company…
Leave a Comment