ITR Filing Deadline 2025: Everything You Need to Know Before July 31

The Income Tax Department has set July 31, 2025 as the due date for filing ITR for FY 2024-25 (Assessment Year 2025-26) for individuals, HUFs, and other assessees not subject to tax audit. For taxpayers covered under tax audit under Section 44AB, the extended deadline is October 31, 2025. Businesses that require a transfer pricing audit must file by November 30, 2025.

Filing after the due date attracts a late filing fee under Section 234F. If your total income exceeds ₹5 lakh, the late fee is ₹5,000. For income below ₹5 lakh, the fee is limited to ₹1,000. Additionally, interest on unpaid tax at 1% per month is levied under Section 234A from the due date until the date of filing.

It is important to note that even if you cannot file by July 31, you should still pay all outstanding taxes by that date to avoid interest. Belated returns can be filed until December 31, 2025, but carry-forward of losses (except house property loss) is not allowed on a belated return. If you have unexplained income or have received a notice, a belated return can still help avoid prosecution.

Our CA team recommends collecting all documents — Form 16, bank statements, Form 26AS, AIS, investment proofs — well before June so you have enough time to review and file without rushing. If you are a freelancer or have foreign income, start earlier as the computation can be more involved. Contact us today and our CA will complete your ITR filing within 24 hours of receiving your documents.