ITR Update: Today is the last date to file ITR, heavy penalty will be imposed again

ITR UPDTE: If taxpayers have not filed ITR, i.e. Income Tax Return, then do not delay. Today is the last chance to file ITR. Despite the demand of the people, the government has not extended the date for filing ITR. Therefore, this work has to be done today itself. Otherwise, a fine will have to be paid, due to which will cause taxpayers to face problems.

The last date for finalising the income tax return is 15 September. If taxpayers do not do so by 12 midnight, then the deadline will expire. Meaning, a fine will have to be paid for filing ITR. Rs 5000 will also have to be deposited as a penalty. This will prove to be a big setback for taxpayers. You can know the important things related to this in the article below.

ITR date extended

The date for filing the ITR for taxpayers has already been increased. The Income Tax Department had extended the date from 31 July to 15 September 2025. Now it is the last day of the deadline. This time, the possibility of extension of the date seems almost negligible. Therefore, taxpayers should not delay in filing ITR. You can get this work done online today.

If the work is not done, a penalty will be imposed

According to the Income Tax Department, it is necessary to file ITR by the due date. If taxpayers do not get this work done by the due date, then they will have to face a penalty. Under Section 234F of the Income Tax Department Act, those who have a tax liability after the deadline will have to go through the provision of penalty provision.

A maximum penalty of Rs 5000 will be imposed on taxpayers. If the total income of taxpayers is more than Rs 5 lakh, then they will have to pay Rs 5,000 as a penalty for filing ITR late. Rs 1,000 will have to be deposited as a penalty for income less than this.

There will be more problems due to the delay.

For information, let us tell you that due to the delay in ITR filing, not only will you have to face a penalty, but you will also have to face many other problems. If there is tax due, then under section 234A, you will also have to pay interest at the rate of 1 per cent per month on the remaining amount. Processing of returns usually takes a long time, due to which taxpayers hoping to get their refund money back may have to face a delay.