⚠️ missed the september 15 itr deadline? Penalties and risks you must know
The last date to file income tax returns (itr) for ay 2025-26 is 15 september 2025. Missing the deadline can have serious financial and legal consequences. Here’s what you need to know if you haven’t filed yet.
💰 1. Late filing fees
Under section 234f of the income tax act:
Filing after 15 september but before 31 december 2025: Rs 5,000 penalty
Filing after 31 december 2025: Rs 10,000 penalty
For taxpayers with income below Rs 5 lakh, the maximum penalty is Rs 1,000
Late fees are automatic and non-negotiable, so timely filing saves money.
⏳ 2. Interest on tax due
Interest is charged at 1% per month under section 234a for unpaid taxes
Even if you have paid tds, if there’s a balance tax, interest will apply
The longer you delay, the higher the interest accumulation
Paying promptly avoids unnecessary financial burden.
⚖️ 3. Loss of refund
If you are eligible for a tax refund, missing the deadline may delay the refund
Late filing could also result in partial or denied refunds if verification issues arise
Timely filing ensures faster processing of refunds
📝 4. Reduced time for revising returns
Once the deadline is missed, you can still file under the belated return scheme
However, this reduces the window for corrections or revisions
Any mistakes or omissions in a belated return may attract notices from the it department
⚠️ 5. Legal and compliance risks
Chronic delay or non-filing can trigger scrutiny or it department notices
In extreme cases, penalties or prosecution may be invoked for habitual non-compliance
Maintaining a clean compliance record is crucial for future loans, visas, and financial transactions
✅ 6. Key takeaway
Missing the 15 september 2025 itr deadline can lead to penalties, interest, delayed refunds, and compliance risks. Even after the deadline, filing a belated return is better than not filing at all. To avoid long-term complications, it’s crucial to file as soon as possible and pay any due taxes.
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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