The Income Tax Return (ITR) filing season in India is always a crucial period for taxpayers. For the financial year 2024–25 (assessment year 2025–26), the last date to file your ITR without penalty is 15 September 2025. However, due to busy schedules, lack of time, or unforeseen reasons many people may miss this deadline. If you are one of them, don’t panic. Missing the due date doesn’t mean you lose the chance to file your returns. The Income Tax Department provides options to help you comply, though there are consequences you should be aware of.
You can file a belated return
If you miss the 15 September deadline, you can still file a belated return under Section 139(4) of the Income Tax Act. A belated return allows you to file after the due date but before the end of the assessment year. For AY 2025–26, this means you can file your ITR up to 31 December 2025.
However, there are some implications:
If your total income is above Rs 5 lakh, the penalty can go up to Rs 5,000.
A late filing fee under Section 234F is applicable.
If your total income is up to Rs 5 lakh, the penalty is Rs 1,000.
What is the interest on Tax Payable
If you still have taxes due at the time of filing, you will have to pay interest under Sections 234A, 234B, and 234C. These interest charges are levied for delay in filing, advance tax shortfall, or late payment of self-assessment tax. Therefore, it is best to compute your dues and clear them at the earliest.
Avoid Repeated Defaults
Missing deadlines repeatedly can raise red flags with the Income Tax Department and may lead to scrutiny. Filing on time helps maintain a clean compliance record, ensures faster processing of refunds, and avoids unnecessary penalties.
Missing the 15 September 2025 ITR deadline is not the end of the road, but it does come with financial costs and restrictions. If you have missed it, act quickly file a belated return by 31 December 2025 to minimize penalties. If you miss that too, the updated return option is available but at a higher cost. The best practice is to stay prepared, keep your documents ready, and file before the due date every year. Timely compliance not only saves money but also ensures peace of mind.