Wed Dec 17 12:50:00 UTC 2025: News Article:

Belated Income Tax Return Filing Deadline Looms: Know the Penalties and Key Details for AY 2025-26

New Delhi: Taxpayers who missed the original September 16, 2025 deadline for filing their Income Tax Returns (ITR) for the Assessment Year (AY) 2025-26 (Financial Year 2024-25) have until December 31, 2025, to file a belated ITR. However, doing so will incur penalties, so it’s crucial to understand the implications.

A belated return, filed under Section 139(4) of the Income Tax Act, allows taxpayers to meet their obligations after the initial due date. While it provides an extension, it comes with financial consequences.

Penalties for Late Filing:

  • Late Filing Fee: As per Section 234F, a late filing fee is applicable for returns filed after September 16, 2025 if you are liable to file income tax as per Section 139(1).
    • If your total income exceeds ₹5 lakh, the penalty is ₹5,000.
    • If your total income is ₹5 lakh or less, the penalty is ₹1,000.
  • Interest: In addition to the late fee, a delay also attracts interest at a rate of 1% per month on the outstanding tax amount.

Exemption from Late Fee:

Taxpayers with income below the exemption limit are exempt from the late filing fee. Under the new tax regime, the tax exemption limit for FY 2024-25 is ₹3 lakh.

How to File a Belated ITR:

You can file your belated ITR online through the Income Tax e-filing portal:

  1. Log in to your account on the Income Tax e-filing website.
  2. Click on “e-File,” then “Income Tax Returns,” and select “File Income Tax Return.”
  3. Select the relevant Assessment Year (AY 2025-26).
  4. Choose the appropriate ITR form.
  5. Verify the accuracy of your personal details in the “Personal Information” section.
  6. In the filing section, select “Section 139(4).”
  7. Fill in your income details under the relevant heads.
  8. Make any necessary tax payments.
  9. Verify your return electronically to complete the filing process.

Taxpayers are advised to file their belated ITRs as soon as possible to minimize penalties and ensure compliance with income tax regulations.

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