Tax Clock Ticks On: ITR Filing Extended to Sept 15, But July 31 Still Key for Penalty-Free Payments

Image Source: Commerce Tutors Blog

Latest News The Central Board of Direct Taxes (CBDT) has extended the due date for submitting the Income Tax Return (ITR) for FY 2024–25 (AY 2025–26) to September 15, 2025, from July 31 as a relief to salaried employees, pensioners, and non-audiotaxpayers. The payment of self-assessment tax without charging penal interest remains a cause of concern.

Major Developments

ITR Filing Deadline Extended: New deadline is September 15, 2025, for non-audit issues

Self-Assessment Tax Due Date: Taxpayers can pay tax due without interest under Section 234A by September 15

No Penalty if Paid by Sept 15: Experts confirm that date is for payment and filing also

Reason for Extension: Technical difficulties in release of revised ITR utilities and modifications in Form 16 and capital gain reporting

Late Filing: Might still be filed by December 31, 2025, but with penalties that are applicable

This extension is anticipated to ease compliance pressure without incurring punitive sanctions for paying taxes on time.

Sources: Economic Times, Moneycontrol, MSN India, ClearTax, Tax2Win