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Belated ITR Filing 2025: The deadline for filing income tax returns was September 16, 2025, but many taxpayers still missed filing their returns. However, they still have a chance to file their income tax returns (ITR Filing 2025), provided they pay a penalty. But do you know if you will have the option to choose your preferred tax regime, whether it’s the Old Tax Regime or the New Tax Regime?
Will you have the option to choose your tax regime?
According to income tax rules, after the deadline for filing income tax returns has passed, taxpayers can only file their returns under the new tax regime. They don’t have the option to choose a tax regime of their choice between the two tax regimes.
Returns will be filed under the default regime.
Indeed, the government has now made the new tax regime the default option. The new tax regime has lower tax rates and no tax is payable on income up to ₹11 lakh. However, under the old tax regime, several deductions such as 80C, 80CCC, and 80CD(1) are available, which are not available in the new tax regime.
Interest will be charged along with a penalty.
It should be noted that filing a belated ITR (Belated ITR Filing 2025) could result in a penalty of up to ₹5,000. Furthermore, if a tax liability arises under Section 23A, a 1% interest will also be charged on the belated ITR every month. However, if the taxpayer has already paid the tax, no interest will be charged on filing a belated ITR.
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