Key dates, penalties for late filing, and a complete checklist of documents required for income tax return submission. Don't let a missed deadline cost you thousands in penalties.
The Income Tax Department has prescribed specific due dates for filing Income Tax Returns (ITR) for Assessment Year 2025–26. Missing these deadlines can attract penalties under Section 234F of up to ₹5,000, along with interest on outstanding tax liability.
Key ITR Filing Deadlines
- July 31, 2025 — For individuals, HUFs, and other non-audit cases
- October 31, 2025 — For taxpayers whose accounts are required to be audited
- November 30, 2025 — For taxpayers required to furnish a report under Section 92E (Transfer Pricing)
- December 31, 2025 — Belated or revised return filing deadline
Documents Required for ITR Filing
- PAN Card and Aadhaar Card
- Form 16 (for salaried individuals) from your employer
- Form 26AS and Annual Information Statement (AIS) from Income Tax portal
- Bank statements for all accounts
- Interest certificates from banks and post offices
- Investment proofs — LIC, PPF, ELSS, NSC, home loan certificates
- Capital gains statements (if shares, mutual funds, or property sold)
- Rental income details (if applicable)
Penalty for Late Filing
Under Section 234F, a late filing fee of ₹5,000 is levied if the return is filed after the due date. However, if total income is below ₹5 lakh, the maximum fee is restricted to ₹1,000.
Additionally, interest under Section 234A is charged at 1% per month on unpaid tax if you file after the due date. It is always advisable to file on time to avoid these additional costs.
New vs Old Tax Regime — Which to Choose?
From AY 2024–25 onwards, the New Tax Regime is the default. However, individuals can still opt for the Old Regime for better deduction benefits. Our office can help you calculate which regime results in lower tax based on your specific income and investment profile.
Contact Vadulekar & Associates at +91 98906 60719 or vaacansk@gmail.com to file your ITR accurately and on time.