As the last date of itr filing 2025 approaches, it’s important to understand what you need to submit, when, and what the implications are if you miss the deadline. Here’s a friendly, clear guide on the basics—without the tax-jargon overload.
Deadline & Who It Applies To
The original deadline for most taxpayers was July 31, 2025, but this was officially extended to September 15, 2025 for individuals, salaried professionals, freelancers, and HUFs whose accounts do not require audit. For businesses needing a tax audit, the deadline is October 31, 2025. And if your case involves international transactions under Section 92E, the ITR filing deadline extends to November 30, 2025. itr last date therefore depends on your taxpayer category.
Documents & Income Considerations
You’ll need proofs such as Form 16 (salary TDS), Form 26AS for TDS credits, details of capital gains, interest income, and other income sources. If your income is under ₹50 lakh, you may use ITR‑1 or ITR‑4. The updated ITR‑1 also now supports declaring long‑term capital gains up to ₹1.25 lakh under the new tax regime, simplifying things for many taxpayers.
Income & Tax Slab Guidance
The new tax regime is now the default for most individual taxpayers. Under it, income up to ₹12 lakh is tax-free; 5% applies up to ₹7 lakh; 10% up to ₹10 lakh; 15% up to ₹12 lakh; 20% up to ₹15 lakh; and 30% beyond ₹15 lakh. If total taxable income is ₹7 lakh or below (including capital gains), Section 87A may allow a rebate—even under this new regime.
Capital Gains Tax & Reporting
Capital gains are taxed at special rates: long‑term gains at 12.5% and short‑term at 20% (with STT paid). New rules have split gains into pre‑July 2024 and post‑July 2024 brackets, making the reporting more detailed. If you’ve filed in a Capital Gains Account Scheme (CGAS), make sure your timing is correct—wrong claims may invite notices.
Penalty & Interest for Late Filing
If you file after the deadline, interest under Section 234A of 1% per month applies. Late fees fall under Section 234F: up to ₹5,000 if income exceeds ₹5 lakh; otherwise ₹1,000. You can still file a belated return by December 31, 2025. Mistakes can be corrected via a revised return before that date too.
Online Verification Process
Once you file your return online, complete either Aadhaar-based OTP e‑verification, net banking e‑verification, or send a signed ITR‑V to CPC Bangalore within 120 days. Failed verification means your return isn’t valid, and refunds or official correspondence may get delayed.
Why It Matters
This year brings major updates—new capital gains rules, revised ITR‑1/4 forms, updated income slabs, and extended filing dates. Staying aware of the last date to file itr and preparing early helps you avoid penalties and ensures accurate filing.
Disclaimer: This article is for informational purposes only and should not be considered as financial or tax advice. Tax rules and filing deadlines may change, and individual circumstances vary. Readers are advised to consult a certified tax professional or refer to the official Income Tax Department website for the most accurate and updated information.
