ITR deadline has been extended to September 15, 2025
If you have not been able to file your income tax return (ITR) yet, then there is news of relief for you. This time the Income Tax Department has extended the last date for filing returns from 31 July to 15 September. That is, now taxpayers have got an additional time of 45 days to file returns.
Although this deadline is only for relief, not for negligence. Because if you file an ITR after September 15, it may not only have to pay heavy fine, but it can also have a negative impact on your financial profile.
These disadvantages can occur by filing ITR after due time
Delay in filing ITR is not just a small mistake, it also affects your economic credit and future plans.
1- Bad effect on financial history: Late filing raises questions on your tax profile, which can reduce your credibility in the eyes of banks and other financial institutions.
2- Problem in the loan application: If ITR is not filed on time, you can come to obstruct when applying for personal, home or business loan. Many times banks approve the loan only by looking at the previous ITR record.
3- Refund claim delay: If refund is made in your returns and you have filed ITR late, then there may be unnecessary delay in getting refund.
4- Obstruction of visa process: ITR filed on time of visa application for foreign travel or studies is an important document. Late filled returns can become a hindrance in this process.
How much penalty will be paid?
If a person files ITR after September 15, then he has to pay a fine of delay under the Income Tax Act. The amount of fine is fixed based on your total annual income:
| Annual income | Delay fine |
| Less than ₹ 5 lakh | ₹ 1,000 |
| More than ₹ 5 lakh | ₹ 5,000 |
Apart from this, if the tax is outstanding on you and you have not paid it on time, then the interest of 1% may have to be paid every month.
Keep these things in mind while filing ITR
ITR filing is not just a formality, but a responsibility. It is very important to do this correctly and within the scheduled deadline. Keep some important things in mind while filing.
1- Choose the correct ITR form: ITR-1, ITR-2, ITR-3 and ITR-4 are currently available on the Income Tax Department website. Select the correct form based on sources, jobs, business and other details of your income.
2- Choose the tax regime carefully: Now you have to choose one of the old tax system and new tax system. In the old system, where more discounts and cuts are found, the rates in the new system are low but the discount is limited. Decide according to your income and expenditure.
3- Don’t forget to do e-verification: It is mandatory to e-verify it after filing ITR. If you filled the returns but did not do e-verification, then your filing will be considered incomplete and will not be valid.
4- Check the documents first: Before filling the form, keep all the necessary documents such as Form 16, Bank Statement, Investment Rece from and other income prepared. This will reduce the chances of mistake.