Income Tax return 2025-2026
Have you ever wondered what happens if you miss the last date to file your Income Tax Return (ITR) in India? Is it really worth taking the risk? Filing your ITR may seem like a hassle, but knowing the deadline and tax slabs can save you money—and avoid trouble.
What Is the Last Date to File Income Tax Return for FY 2024-25?
The government has extended the last date for filing your ITR for the Financial Year 2024-25 (Assessment Year 2025-26) to 15th September 2025. But what if you still miss this extended deadline? You can file a belated return until December 31, 2025, but keep in mind, late filings can attract penalties. So, why pay extra when you can file on time?
What Are the Tax Slabs This Year?
Curious about how much tax you need to pay? Here are the tax slabs under the new tax regime for individual taxpayers below 60 years of age for FY 2024-25:
| Income (INR) | Tax Rate |
|---|---|
| Up to 3,00,000 | Nil |
| 3,00,001–6,00,000 | 5% of income exceeding 3,00,000 |
| 6,00,001–9,00,000 | ₹15,000 + 10% of income exceeding 6,00,000 |
| 9,00,001–12,00,000 | ₹45,000 + 15% of income exceeding 9,00,000 |
| 12,00,001–15,00,000 | ₹90,000 + 20% of income exceeding 12,00,000 |
| Above 15,00,000 | ₹1,50,000 + 30% of income exceeding 15,00,000 |
If you prefer the old regime, different slabs and deductions apply. Have you checked which regime benefits you the most?
Why Should You File Income Tax Return on Time?
- Avoid penalties: Filing after 15th September may attract a late fee up to ₹5,000. Wouldn’t you rather save that money?
- Financial proof: ITR is often required for loans, visas, or government benefits. Do you want to face delays because of missing documents?
- Claim refunds: If excess TDS was deducted, why leave your refund with the government?
- Peace of mind: Isn’t it better to file early and escape last-minute stress?
What Happens If You Delay Further?
If you miss both the extended and belated deadlines, you lose the right to file your Income Tax Return for the year. Did you know you could also lose the chance to carry forward losses to future years? Are you ready for possible legal notices and penalties?
How to File Easily and Quickly?
- Register on the official Income Tax e-filing website.
- Collect your PAN, Aadhaar, bank and salary details, and Form 16.
- Fill out your ITR carefully. Can you afford mistakes in your tax return?
- Submit and verify your ITR electronically before the deadline.
Ready to Beat the Deadline?
Filing your Income Tax Return is more than compliance—it is a smart financial habit. So, why wait? Are you ready to file before 15th September 2025, claim your rightful benefits, and avoid penalties?
Be proactive, file early, and keep your finances stress-free!
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