The final deadline to file Income Tax Returns (ITR) for non-audit cases is September 15, 2025. Already, nearly 4.9 crore taxpayers have submitted their returns for AY 2025-26, with over 3.3 crore processed.
Even if you think your taxes are paid or refunds aren’t due, filing your ITR is mandatory for legal compliance and financial benefits.
Who Must File ITR
- Total income above the tax-free limit.
- To carry forward losses to offset future gains.
- Income sources include salary, business, capital gains, or multiple bank interests.
- Senior citizens must file if income comes from sources beyond pension or interest in one bank account.
What Happens If You Miss september 15
You can still file a belated return, but penalties apply:
Income
Late Fee
Up to Rs 5 lakh
Rs 1,000
Above Rs 5 lakh
Up to Rs 5,000
Other consequences include:
- Interest on unpaid self-assessment tax.
- Delayed refunds.
- Legal action for unpaid taxes, with imprisonment ranging from 3 months to 2 years, and up to 7 years if evasion exceeds Rs 25 lakh.
Benefits of Filing On Time
1. Faster refunds – Early filers get quicker access.
2. Avoid portal glitches – Reduces chances of errors near deadlines.
3. No extra interest or fees – Saves money and stress.
4. Loss carry-forward – Useful for offsetting future profits.
5. Strong financial record – Helps with loans, credit cards, and visas.
6. Peace of mind – Fewer notices or compliance issues.
Expert Advice
Sujeet Bangar, Founder of Taxbuddy.com, says:
“The september 15 deadline should be treated as a buffer, not a target. Filing early avoids interest on unpaid taxes and delays in refunds.”
✅ Bottom Line
With the September 15 deadline approaching, taxpayers should act quickly. Filing your ITR early ensures compliance, faster refunds, and zero penalty stress. Don’t wait until the last minute—submit your return now to secure your financial peace.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk..jpg)
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