Overview
- The filing deadline for non-audit ITRs has moved from July 31 to September 15, 2025, while audit-account taxpayers remain bound by the October 31, 2025 date.
- Any tax liability must still be paid by the original July 31, 2025 deadline to avoid interest charges and late-payment fees.
- Returns submitted by the new deadline will earn interest from April 1 until processing, boosting potential refund interest by over 30%.
- Salaried individuals are advised to wait until after June 15 to file, ensuring they receive Form 16 from their employers.
- Taxpayers can submit belated returns until December 31, 2025, but face penalties of up to ₹5,000 for late filing.