Tax Filing Tips: Late in filing ITR can cause many problems. Experts recommend that the extension of September 15 should not be considered a deadline, it is beneficial to file early. Delay in this can cause damage.
ITR deadline fined after deadline
If your taxable income is more than ₹ 5 lakh, then it will be charged a late fee of ₹ 5,000. If the taxable income is less than ₹ 5 lakh, then the late fee will be ₹ 1,000.
Income tax return deadline: The deadline for filing ITR is now close. Taxpayers have received time till 15 September 2025. However, there are still many people who have not been able to fill the ITR. Experts say that such people should immediately file their income tax return. It is beneficial to file ITR early. Waiting till the last date can be expensive.
Disadvantage of ITR late filing
Experts say, if you file close to ITR deadline, there are two major problems. First, if a self-assessment tax is to be paid, interest on it will continue to increase. Second, the refund will be found late. Not only taxpayers with salary income, but those whose income includes business, rent or capital gains, also have to pay advance tax. If it is more than Rs 10,000 and is not filled on time, interest will be charged. Under Article 234B, not paying advance tax is Rs 1% per month till the return filing from April. At the same time, interest is also charged for non -payment in annual installments under Article 234C.
What is the risk in filing ITR till the last date?
According to experts, the crowd on the portal usually increases near the deadline. Due to this, there may be difficulties in importing AIS or TIS data in technical disturbances and third -party software. The IT department is constantly changing the AIS or TIS link so that load can be managed on the portal. Therefore, whenever the link is active, should be downloaded immediately.
What are the advantages to file ITR early?
- Self-assessment will avoid additional interest on tax.
- Refund can be found quickly.
- Portals will survive slodowns and software disturbances.
- Compliance will be completed on time.
What to do if ITR’s deadline is missed?
- Bilated returns can be filed by 31 December 2025 even after September 15.
- If that too is left, then there is a facility to file updated returns, according to the conditions.
- Los claims cannot be claimed for set-off from Future Income due to late filing.
Also read- If ITR is not filled till 15 September, then these 5 things can happen to you
Also read- ITR Filing: Will ITR deadline of 15 September increase? Expert tips