ITR Filing Schedule for FY 2024–25: Key Deadlines to Know

The Income Tax Department has officially started the tax filing season for Financial Year (FY) 2024–25. For the Assessment Year (AY) 2025–26, different taxpayers have different deadlines to file their Income Tax Returns (ITR). Filing on time helps avoid penalties and ensures eligibility for refunds and financial benefits.

ITR Filing Deadlines for FY 2024–25

1. Non-Audit Taxpayers (Individuals, HUFs, AOPs, BOIs)

• Deadline: Thursday, July 31, 2025

• Who it Applies to: Salaried employees, pensioners, freelancers, and small taxpayers not requiring an audit.

• What Happens if Missed: Late filing fee up to ₹5,000 under Section 234F and interest on unpaid taxes.

Read More, ITR Filing 2025: 5 Important Things to Do Before Filing Online. 

2. Businesses Requiring Audit

• Deadline: Friday, October 31, 2025

• Who it Applies to: Businesses with a turnover above ₹1 crore and professionals with income above ₹50 lakh.

• What Happens if Missed: Penalties may apply; delay can also impact audit completion and financial statements.

3. Entities Requiring Transfer Pricing Audit

• Deadline: Sunday, November 30, 2025

• Who it Applies to: Companies with international or specified domestic transactions needing Form 3CEB filing.

• What Happens if Missed: Penalties under Section 271BA and increased scrutiny by tax authorities.

4. Revised Return

• Deadline: Wednesday, December 31, 2025

• Who it Applies to: Taxpayers wanting to correct errors or omissions in their original return.

• Benefit: Allows for fixing mistakes and must be filed within the same assessment year or by the due date, whichever is earlier.

5. Belated or Late Return

• Deadline: Wednesday, December 31, 2025

• Who it Applies to: Taxpayers who missed the initial filing deadline

• What Happens if Missed: Late fee and interest charges; cannot carry forward certain losses like business or capital losses.

6. Updated Return

• Deadline: Sunday, March 31, 2030

• Who it Applies to: Anyone wanting to voluntarily declare extra income, even if no return was filed earlier

• What Happens: Extra tax (25–50%) applies; can now be filed within 4 years after the assessment year ends.

Why Timely Filing Matters

Filing your ITR on time does more than just follow the rules. It acts as legal proof of your income, which can help with things like:

• Applying for loans or credit cards

• Getting visas

• Participating in government tenders

• Claiming tax refunds on excess tax paid

Late filing not only attracts penalties but may also impact your ability to carry forward certain tax benefits and deductions.

Conclusion

The government has set different deadlines based on the type of taxpayer to make the process smoother. Being aware of these dates helps avoid stress, financial penalties, and legal issues. Filing your return on time also supports better financial planning and improves your financial credibility.

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