ITR Filing Deadline Alert

Last Date: 31st July 2025 If you're a salaried individual or non-audited taxpayer, this is your due date to file your Income Tax Return (ITR) for FY 2024–25. - Avoid penalties - Ensure smooth refunds Missed it? Belated ITR can be filed till 31st Dec 2025 ➡For audit cases: 31st Oct 2025 ➡For transfer pricing cases: 30th Nov 2025

Missed 31st July? – File a Belated ITR by 31st Dec 2025 – Penalty under Section 234F ₹5,000 (if income > ₹5L) | ₹1,000    -Interest under Section 234A on unpaid tax: 1% per month –No carry forward of capital or business losses Final chance: Updated ITR till 31st March 2030

What If You File Late?

Advance Tax Due Dates

If your tax liability > ₹10,000, pay advance tax in these installments:

– 15% by 15 June 2025 – 45% by 15 Sept 2025 – 75% by 15 Dec 2025 100% by 15 March 2026

Presumptive taxpayers must pay full tax by 15 March 2026

TDS & TCS Deadlines

TDS & TCS Payment: 7th of every month

TDS Returns Q1: 31 July   Q2: 31 Oct   Q3: 31 Jan   Q4: 31 May

TCS Returns Q1: 15 July  Q2: 15 Oct   Q3: 15 Jan  Q4: 15 May

Timely filing avoids penalties under Sections 201 & 234E

How to File Your ITR

1. Gather docs: Form 16, TDS, investments 2. Visit: incometax.gov.in 3. Choose correct ITR form (e.g. ITR-1 for salaried) 4. Fill details, claim deductions Submit and e-verify via Aadhaar OTP or net banking

Filing opens: April 2025. Early filing = faster refunds!