India, Sept. 10 -- The last day for filing income tax returns (ITR) for the financial year 2024-25 (assessment year 2025-26) is September 15.

Put across by Central Board of Direct Taxes (CBDT), this replaced the earlier window which allowed submissions only till July 31, in order to accommodate structural changes and utility rollout delays.

Additionally, taxpayers whose accounts require an audit must still file by September 30, 2025, as that deadline remains unchanged.

Taxpayers are advised to abide by this time frame to avoid interest penalties.

A penalty of Rs.5,000 (if income exceeds Rs.5 lakh) and Rs.1,000 would be issued for lower income groups under Section 234F, in case of delay of filing income tax returns.

Belated or revised...