Income Tax Return Due Dates for FY 2024-25: Key Deadlines

For most individual taxpayers, the income tax return due date for FY 2024-25 (Assessment Year 2025-26) is 31 July 2025. This applies to salaried employees, pensioners, and individuals who do not require a tax audit. If you have income from salary, house property, capital gains, or other sources (excluding business or profession requiring audit), you must file your return by this date.

However, if you are an individual who is required to get your accounts audited under the Income Tax Act, the due date is 31 October 2025. This typically applies to individuals carrying on business or profession whose total sales, turnover, or gross receipts exceed the prescribed limits under Section 44AB. Additionally, if you are a working partner in a firm that requires audit, you also fall under this extended deadline.

It is important to note that these dates are set by the Income Tax Department and are subject to change via official notification. Always verify the current circular on the Income Tax e-filing portal before the deadline.

For businesses and companies, the income tax return due date varies based on whether a tax audit is required. For companies (other than those needing a transfer pricing report), the due date is 31 October 2025. This also applies to firms and individuals who are required to get their accounts audited under the Income Tax Act.

If your business or company is required to furnish a report under Section 92E (transfer pricing), the due date is 30 November 2025. This applies to entities that have entered into international transactions or specified domestic transactions with associated enterprises. The transfer pricing report must be filed by this date along with the income tax return.

For all other businesses not requiring audit, the due date remains 31 July 2025. It is critical to check your specific audit requirements under Sections 44AB and 92E to determine your correct deadline.

If you miss the income tax return due date, you can still file a belated return under Section 139(4). The belated return can be filed up to 31 December 2025 for FY 2024-25. However, there are significant consequences. First, you will be liable to pay a late filing fee under Section 234F. This fee is ₹1,000 if your total income does not exceed ₹5 lakh, and ₹5,000 in all other cases.

Second, you lose the ability to carry forward certain losses. For example, losses from house property, capital gains, or business (other than speculative business) cannot be carried forward if the return is filed after the due date. Only losses from house property (up to ₹2 lakh) can be set off in the same year, but not carried forward.

Third, interest under Section 234A will apply at 1% per month on the amount of tax due. This interest is calculated from the original due date until the date of actual filing. Additionally, if you are eligible for a refund, it may be delayed or denied if you file late.

Yes, you can revise your income tax return under Section 139(5) even after the original due date. The revision must be filed before the end of the relevant assessment year or before the completion of assessment, whichever is earlier. For FY 2024-25, the assessment year is 2025-26, so you can revise your return up to 31 March 2026.

A revised return can be filed only if you have already filed a valid original or belated return. You cannot file a revised return if you have not filed any return at all. The revision allows you to correct any mistake or omission in the original return, such as incorrect income figures, deductions, or TDS claims.

However, if you file a belated return (after the due date but before 31 December 2025), you can still revise that belated return within the same time limit. The revision window remains open until 31 March 2026.

TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) returns have their own separate due dates, which are different from the income tax return due date. For FY 2024-25, the due dates for filing TDS/TCS returns are as follows:

• Q1 (April-June 2024): 31 July 2024
• Q2 (July-September 2024): 31 October 2024
• Q3 (October-December 2024): 31 January 2025
• Q4 (January-March 2025): 31 May 2025

These returns must be filed using Form 24Q, 26Q, 27Q, or 27EQ, depending on the type of payment. Late filing attracts a fee of ₹200 per day under Section 234E, up to the amount of TDS/TCS. Additionally, interest under Section 201A or 206C may apply for delayed payment.

It is important to note that TDS/TCS returns are separate from your income tax return. Even if you file your income tax return on time, failing to file TDS returns on time can result in penalties and disallowance of expenses.

Review your income and audit requirements for FY 2024-25 immediately. If you are unsure about your category or need help calculating your tax liability, consult a qualified chartered accountant or tax professional. They can ensure you file the correct return by the applicable due date and avoid penalties.

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This page provides preliminary information. It is not legal advice. For your matter, consult a qualified professional.