According to the Income Tax Department, more than 6 crore ITRs have been filed as of September 13. Experts believe the number could reach around 8 crore by the deadline. Last year, 7.28 crore returns were filed when the deadline was set at July 31.
However, professional bodies such as the Karnataka State Chartered Accountants Association (KSCAA) have demanded an extension, citing portal glitches, overlapping audit deadlines, and frequent system errors.
What Happens If You Miss the Deadline?
Taxpayers who fail to file their returns by September 15 will still be able to file a belated return until December 31, 2025. However, penalties under Section 234F of the Income Tax Act will apply:
- ₹1,000 penalty if taxable income is below ₹5 lakh
- ₹5,000 penalty if taxable income exceeds ₹5 lakh
In addition to penalties, late filers may face interest charges on outstanding tax and delays in refunds. More importantly, benefits such as loss carry-forward and the option to switch between tax regimes will no longer be available.
Different Deadlines for Different Categories
While September 15 is the due date for individuals, Hindu Undivided Families (HUFs), and non-audit businesses, other categories have later deadlines:
- October 31, 2025 – for assessees subject to tax audit
- November 30, 2025 – for entities filing transfer pricing reports
For Non-Resident Indians (NRIs), the deadline remains September 15 if their income is taxable in India. Senior citizens, however, may be exempt if their only income is from pension and bank interest where TDS has already been deducted.
Experts Advise Against Waiting
Tax experts warn that waiting until the last moment could lead to portal slowdowns, failed submissions, and compliance issues. The Income Tax Department has been sending reminders urging taxpayers to file without delay.
Refunds are also processed faster for early filers. On average, refunds are credited within 4–5 weeks of e-verification, but delays are common for late filers.
Demand for Extension Continues
Despite the uncertainty, several tax associations have officially requested the Finance Ministry to extend the deadline. They argue that frequent glitches, late release of ITR forms, and clashes with GST and MCA deadlines have made compliance difficult.
As of now, there has been no official word from CBDT. Taxpayers are therefore advised to file their ITRs by September 15 to avoid penalties and loss of benefits.