India, Feb. 11 -- People who put off filing their taxes may have to deal with late fees and other issues, with Investment Property Exchange Services reporting that over 31% of workers admit to waiting to do their taxes. Hence, it is important to know the deadline for filing your 2025 tax returns.

The tax filing deadline is Wednesday, April 15. Failing to file tax returns by the deadline could prove costly.

"First, you may face a failure-to-file penalty. This is equal to 5% of the taxes you haven't paid less any available credits, charged monthly for up to 5 months," read Fidelity's website. "If you're more than 60 days late, the minimum penalty is the smaller of 100% of the taxes you owe or $485."

"You could also get hit with a failure...