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ITR Filing Last Date: Every year when the time comes to file Income Tax Return (ITR), many people keep postponing it till the last day. Then there is a rush in the last hour and there is also a worry in the mind whether it will be filed on time or not. If you are also one of those people who procrastinate about filing ITR, then this news is very important for you.
First of all, know that the last date for filing Income Tax Return (ITR) this year is 15 September 2025. Earlier this date was 31 July, but the government has extended it to 15 September so that taxpayers have more time. This date is for those whose accounts are not required to be audited, such as most salaried employees. For those whose business or financial records are audited, the last date for filing ITR is 31 October 2025.
Keep in mind that you can file income tax returns even after September 15, but after that there may be a penalty for late filing and in some cases a notice may also come. Therefore, it would be better to file your ITR before the deadline so that you can avoid any hassle.
How much is the penalty?
If you file your income tax return (ITR) after the deadline of 15 September 2025, you may have to pay a penalty. This penalty depends on your income: if your income is less than Rs 5 lakh, then the penalty will be ₹ 1,000 and if it is more than Rs 5 lakh, then the penalty will be up to ₹ 5,000. Apart from this, 1% interest will also have to be paid every month on the outstanding tax amount. Therefore, it is better to file ITR on time to avoid penalty and interest.
Let us tell you that filing income tax return is necessary for every taxpayer. This lets the government know how much your annual income is and whether you have paid the correct tax on it or not. It is very important to file ITR to collect tax from you in the correct manner and deposit it in the correct account.
Benefits of filing ITR
Filing ITR also gives you many benefits. The biggest benefit is that your legal responsibility is fulfilled and you are saved from any kind of tax lawsuit. Apart from this, if you have paid more tax, then you also get its refund. Also, the record of filing ITR is also important for you in things like taking a loan or applying for a visa.
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