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Alankar Mishra

June 12, 2025

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ITR Deadline Extended to Sept 15, 2025, for FY 2024-25: Key Details got Taxpayers

ITR Deadline Extended to Sept 15, 2025, for FY 2024-25: Key Details for Taxpayers

This news will come as a huge relief for all the citizens of India, especially the taxpayers, as the Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITR) for the Financial Year 2024-25 (Assessment Year 2025-26). The deadline has been shifted from July 31, 2025, to September 15, 2025, thus providing added time for the taxpayers. The announcement was made via an X post from the Income Tax Department's official account, and now it is anticipated that the extension will relieve many of the employees who rely on Form 16 and TDS certificates for filing their returns.

This post will guide you through the rationale underlying the extension, main ramifications, modification of ITR forms, and explain why the best approach is to file, but not too early, and early is indeed better. If you want to know what changes this will bring to your tax calendar and what actions should be taken subsequently, keep reading.

Overview of ITR Filing Deadline Extension (FY 2024-25)

Particulars	Details
Financial Year	FY 2024-25
Assessment Year	AY 2025-26
Old ITR Filing Due Date	July 2025
New Extended ITR Due Date	September 2025
Applicable to	Individual taxpayers (non-audit cases), including salaried employees
Reason for Extension	Revisions in ITR forms, delay in utility rollout, and TDS credit availability

Why Has the ITR Filing Last Date Been Extended?

The CBDT has stated the reasons why the due date was extended:

1. ITR Forms Major Changes: The ITR forms for AY 2025-26 have been modified in multiple, structural ways as well as in simplification of filing, enhanced transparency and improved accuracy of data collection in the form. Backend, system architecture, and infrastructure, to be developed, refined and tested, has to be created.

2. Delay in Functionality ITR Utilities: Because of new utility integration and testing for the new ones, the updated tools to file the returns using the new forms have not yet been published on the Income Tax portal.

3. Timing of TDS Statement Credit: The TDS statements for the FY 2024-25 can be filed only by the 31st of May, 2025. Normally, TDS credits are available at the beginning of June, which doesn’t allow a lot of time for accurate filling in case the assumed cut-off date of the end of July is used.

As per the CBDT's official statement on X (formerly Twitter):

“CBDT has decided to extend the due date of filing of ITRs, which are due for filing by 31st July 2025, to 15th September 2025. This extension will provide more time due to significant revisions in ITR forms, system development needs, and TDS credit reflections.”

Who Benefits from This Extension?

The following groups will be primarily advantaged by the extension:

1. Salaried Employees: Earning individuals who only receive a salary and do not require an audit were previously mandated to file their ITRs on or before July 31 2025. With the revised date, they now have a further 46 days to complete their filing.

2. Non-Audit Taxpayers: Taxpayers who are not subject to a tax audit, such as pensioners, freelancers or small business owners, also fall under the ambit of this extension.

This helps improve the alignment with Form 26AS and AIS, eliminating the mismatch problems and allowing for more precise and simpler ITR submissions.

Major Changes in ITR Forms for AY 2025-26

The new ITR forms come with multiple changes aimed at expanding compliance and ease of filing. Here's a quick look at what’s new:

1. Long-Term Capital Gains Now Allowed in ITR-1: One of the major changes is that taxpayers with long-term capital gains (LTCG) up to ₹1.25 lakh from equity shares or equity-oriented mutual funds can now use ITR-1. Previously, even small LTCG amounts pushed taxpayers into more complex forms like ITR-2.

2. Improved Pre-Filled Data: The new forms are designed to auto-populate much more information than before, from TDS data, bank interest, dividend income, to capital gains, making it easier to file without manual input.

3. Mandatory Disclosure of Earlier ITR Filing: Some forms now require a declaration that you have filed previous years’ returns, adding another layer of compliance verification.

4. New Tax Regime Opt-In/Opt-Out Disclosure: Taxpayers must declare whether they are opting into or out of the new tax regime, as per Section 115BAC.

Expert Advice: Should You File Now or Wait?

Even though it’s tempting to “get done with taxes early,” filing before June 15 is not advisable for most individuals.

1. Wait for Form 16: Employers usually issue this after TDS filings are completed, and most companies take till June 15.

2. Reconcile AIS and 26AS: Mismatch in Annual Information Statement (AIS) and Form 26AS can delay refunds or attract unnecessary notices. Both are updated in mid-June.

3. Avoid Rectifications Later: Incorrect filing without these documents may require rectification or revised returns, which is more work and can cause refund delays.

Penalty for Missing the Extended ITR Deadline

While the deadline has been extended, it is crucial to remember that failing to file your ITR by September 15, 2025, will still attract a late filing penalty:

1. ₹5,000 if filed after the due date (but before December 31, 2025)

2. ₹1,000 for those with a total income below ₹5 lakh.

Hence, taxpayers are advised to make full use of this additional time to gather documents, verify TDS credits, and file their Income Tax Return well before the final date.

Consequences of Missing the New Deadline

Although the deadline is now September 15, it’s crucial to file on time. Missing it can lead to:

1. Late Filing Penalty: ₹1,000 to ₹5,000 under Section 234F.

2. Interest on unpaid tax: 1% per month under Section 234A.

3. Ineligibility to carry forward losses.

4. Delay in refund processing.

5. Increased scrutiny and higher chances of receiving notices.

Key Takeaways for Taxpayers

1. New ITR filing due date: September 15, 2025.

2. Extension announced via official Income Tax handle on X.

3. Delay driven by revised ITR forms and backend system updates.

4. Salaried employees and non-audit taxpayers get extra time.

5. Penalties still apply if the new deadline is missed.

6. Formal CBDT notification expected soon.

Conclusion

The new extension for ITR submission on 30th November 2024 for FY 2024-25 is thought out by CBDT, considering smoother compliances in the technical updates and form revisions. With careful planning, taxpayers can maximise this additional time by double-checking the TDS credit accuracy, document collection, and submission of returns.

It is better to do things in advance, but do not forget that submitting an ITR on time allows for fast windfall tax refunds, helps avoid harsh penalties and keeps the finances balanced.

FAQs

Q1. What is the last date to file Income Tax Return for FY 2024-25 (AY 2025-26)?

A: As for the ITR submission deadline, taxpayers with no audits, which include most working professionals, have their deadline pushed from 31st July 2025 to 15th September 2025.

Q2. Why has the ITR filing deadline been extended to September 15, 2025?

A: The deadline was changed for various reasons, which include changes made to the ITR forms, the late release of filing utilities, and the time TDS credit was reflected. All these things needed further system integration and testing by the Income Tax Department.

Q3. Who will benefit from the extended ITR due date?

A: Salaried employees, pensioners, and individuals whose accounts are not required to be audited will benefit from this extension. These taxpayers now have 46 extra days to file their returns without late fees.

Q4. What happens if I don’t file my ITR by September 15, 2025?

A: Missing the suspended due date may incur a late filing fee that can reach as high as ₹5,000 according to Section 234F of the Income Tax Act. The fee cannot exceed ₹1,000 if your total income is below ₹5 lakh.

Q5. Is this extension applicable to businesses and audit cases?

A: No, this extension applies only to individuals and taxpayers who are not required to get their accounts audited. Audit cases have separate deadlines, usually in October or beyond.

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