When Are Taxes Due? Essential Tax Deadlines for 2025

Are you wondering when are taxes due this year and how to avoid penalties? Whether you’re a young professional, a student, a business owner, or just starting your financial journey, knowing the tax due dates is crucial to stay compliant and stress-free. Missing tax deadlines can lead to late fees and interest charges that hurt your finances.

For the Financial Year 2024-25 (Assessment Year 2025-26), the Indian Income Tax Department has extended some important dates due to technical updates and TDS credit deposits. This comprehensive guide breaks down all the key due dates for tax filing and payments in 2025, explains penalties for late filing, and shares practical tips to help you manage your taxes with confidence.

Key Tax Deadlines for FY 2024-25 (AY 2025-26)

Individual Taxpayers and Non-Audit Cases

• Original Due Date: July 31, 2025

• Extended Due Date: September 16, 2025

Salaried employees, freelancers, and other non-audit taxpayers must file their Income Tax Returns (ITR) by September 16, 2025, to avoid penalties.

Audit Cases (Businesses and Companies)

• Due Date: October 31, 2025

Businesses mandated to undergo tax audit must file ITR along with audit reports by October 31.

Transfer Pricing Report Cases

• Due Date: November 30, 2025

Entities engaged in international or specified domestic transactions need to file their return by this date.

Revised and Belated Returns

• Last Date for Filing: December 31, 2025

Late filers can submit belated returns by this date but will incur penalties and interest.

Updated Return

• Due Date: March 31, 2030 (within 4 years of end of relevant AY)

Taxpayers can file updated returns under specific conditions within this extended timeline.

What Happens If You Miss Tax Deadlines?

Missing tax due dates can lead to several consequences:

• Late Filing Fees: Up to Rs. 5,000 for incomes above Rs. 5 lakhs; Rs. 1,000 for incomes below Rs. 5 lakhs.

• Interest Charges: 1% per month interest under Section 234A on unpaid tax amounts from original due date until payment.

• Refund Delays: Refund processing gets delayed if returns are late.

• Compliance Impact: Missing deadlines could affect loan approvals or financial credibility.

How to Prepare and File Your Taxes on Time

1. Start Early: Avoid last-minute rush and gather documents well in advance.

2. Use Updated ITR Forms: For AY 2025-26, forms have been updated; verify you use the correct version.

3. Verify TDS and Form 26AS: Check all deductions and details reflect properly before filing.

4. Choose the Right ITR Form: Based on your income sources and business type.

5. Utilize Digital Tools: Online portals and apps simplify e-filing and tracking.

6. Consult Professionals: If unsure, seek advice from tax experts or Chartered Accountants.

Important Current Trends and Changes in Tax Filing (2025)

• Extended Filing Deadline: Due to IT system upgrades and TDS credit timing, deadlines have been extended to provide smooth filing.

• Increased Penalty Awareness: Government cracking down on late filings with strict penalties to boost compliance.

• E-Verification Focus: Returns must be verified electronically within 120 days of filing to be valid.

• New Return Formats: Updated ITR forms with enhanced disclosure requirements for transparency.

FAQs on When Are Taxes Due

1. When is the last date to file Income Tax Return for FY 2024-25?
September 16, 2025, for individuals and non-audit cases.

2. Is there a penalty for late tax filing?
Yes, up to Rs. 5,000 and interest on unpaid tax.

3. Can I file a belated return?
Yes, till December 31, 2025, with applicable penalties.

4. What if I miss the audit report deadline?
Audit reports must be submitted by October 31, 2025, else penalties apply.

5. How can I avoid tax filing mistakes?
Verify TDS details, use updated forms, and file early or consult professionals.

Conclusion: Stay Ahead by Knowing When Are Taxes Due

Timely tax filing and payments safeguard your finances and avoid unnecessary penalties. Mark these tax deadlines on your calendar and prepare early to ease the process. Use reliable tools, stay updated with government notifications, and don’t hesitate to seek help when needed. Understanding when are taxes due puts you in control of your financial health and growth.

Start organizing your documents today and meet your tax deadline with confidence!