The Earnings Tax Division has prolonged the deadline for submitting earnings tax return (ITR) for the evaluation yr 2025-26 from July 31 to September 15, 2025. Within the deadline for submitting earnings tax returns, this growth will present extra time to taxpayers to gather paperwork and to coordinate with adjustments in pointers and compliance norms. There have been a number of vital amendments in ITR type, system growth wants and TDS Credit score Reflection. The Central Board of Direct Taxes (CBDT) tweeted, “This can guarantee a spontaneous and extra correct submitting expertise for all. The formal notification can be launched quickly.”
Watch tweet from right here ..
Form Consideration Taxpayers!
CBDT Has Determined to Prolong the Due Date of Submitting of Itrs, that are due for submitting by thirty first July 2025, to fifteenth September 2025
This extension will present extra time as a consequence of vital revisions in ITR Kinds, System Growth Wants, and TDS Credit score… pic.twitter.com/mggvjveiop
– Earnings Tax India (@Inometaxindia) Could 27, 2025
The choice has been taken in view of vital updates made in ITR type this yr, required changes within the submitting system and delay in TDS credit score reflection. In accordance with officers, the deadline of ITR is to make sure a spontaneous and extra correct tax submitting expertise for all classes of taxpayers.
CBDT mentioned {that a} formal notification in regards to the revised deadline can be launched quickly. This growth supplies essential aid to wage staff, businessmen and different non-audit taxpayers, which often faces challenges on the final minute in the course of the submitting season. Texpears are suggested to make use of additional time to confirm Kind 26AS, match TDS Credit score and file correct returns.
12 Tax exemption as much as lakhs, However…
Considerably, New Tax Reseam has been carried out within the nation since 1 April 2025. No tax should be paid on earnings of 12 lakhs. Other than this, together with New Tax Regim, Rs 75000 customary deduction can also be going to be accessible. That’s, whose wage earnings is Rs 12.75 lakh yearly, they won’t need to pay any earnings tax. Let me inform you, earlier there was no earnings tax on earnings as much as Rs 7 lakh. Center class is probably the most benefiting of this.
Nevertheless, this time there can be no advantage of 12 lakh tax exemption in filling ITR, as it will likely be crammed for ITR FY 2024-25 and the tax exemption is given for FY 2025-26.
ITR What is going to occur after lacking the final date?
In case you have not filed your earnings tax return until the due date, which is now September 15, 2025, then you definitely nonetheless have the choice to file delayed returns. Though you’ll have to pay the relevant late charge, a lot of the cuts and reductions can be accessible. On the identical time, you won’t be able to hold ahead any loss. The final date for submitting delayed returns for FY 2024-25 is December 31, 2025.