Income Tax Return Deadline Extension 2025: As the ITR deadline approaches, taxpayers are speculating about an extension. Every year, last minute portal issues, huge rush and delayed filings lead to demands for more time and many are now wondering if the government will give more time. Though there is no official statement, the buzz around extension is on and taxpayers are cautious about what to do next.
What is Income Tax Return?
Income Tax Return (ITR) is an official document submitted by an individual or organisation to report their income, expenses and other financial details to the Income Tax Department. It helps to determine the tax payable or refundable for a financial year. Filing ITR also enables the government to monitor income, ensure compliance and give refund if excess tax is paid. For individuals and businesses earning above a certain limit, it is a mandatory requirement to ensure financial transparency and accountability.
Filing your tax return this year? Head to our detailed ITR Guide for everything you need to know.
ITR Due Date Extension and Current Deadline
Government has extended the ITR filing deadline from 31st July 2025 to 15th September 2025. Though there is no official statement about further extension, taxpayers have just one day to file. Missing this deadline can be costly as penalties and interest will kick in.
ITR filing 2025: Penalty if deadline is missed
As per section 234F, late filing fee of Rs 5000 shall be payable if the return is filed after the due date specified under section 139(1). However, the amount of late filing fee to be paid shall be Rs 1000 if the total income of the person does not exceed Rs 5 lakh.
Rs 5000 late fee for taxpayers with income above Rs 5 lakh.
Rs 1000 penalty for taxpayers with income below Rs 5 lakh.
Additional interest under Sections 234A, 234B and 234C may also apply.