Income Tax Refund Delay FY 2024-25: ITR Refunds Pending? CBDT Explains the Delay and How You Can Stay Updated
ITR FILING DUE DATE: Don’t Miss the ITR Deadline – Act Now!
Today, September 15, 2025, is the last date to file your Income Tax Return (ITR) for the financial year 2024–25 (Assessment Year 2025–26), especially if you’re a salaried or non-audit taxpayer.
If you haven’t filed yet, don’t wait. Filing today means no late fees, no interest, and no loss of tax benefits. Missing this deadline could cost you:
A penalty of up to ₹5,000
Interest on unpaid taxes
Loss of the ability to carry forward losses
Delayed refunds or even missed deductions
Yes, you can still file a belated return until December 31, 2025, but it comes with extra charges and fewer benefits.
So don’t delay. Collect your documents, log into the income tax portal, and file your return now.
It’s your money. Protect it by filing on time.
Late Filing Penalty (Section 234F):
Income above ₹5 lakh → Penalty up to ₹5,000
Income ₹5 lakh or below → Penalty capped at ₹1,000
Interest on Unpaid Tax (Section 234A):
1% interest per month on unpaid tax starting from September 16
Applies even if TDS was deducted but full tax isn’t paid
Loss of Carry Forward for Losses:
Business or capital losses can’t be carried forward if return is filed late
Only exceptions: certain losses like house property
Delayed Tax Refunds:
Late filers go to the end of the refund queue
Expect processing delays
Loss of Tax Regime Benefits:
May be shifted to the New Tax Regime by default
Miss out on old regime deductions and exemptions
Other Long-Term Effects:
Trouble getting loans, visas, or financial documents
Risk of legal action for non-filing or evasion
If you have not yet filed your Income Tax Return (ITR), you need not panic but hurry, hurry. The last deadline for most salaried and non-audit taxpayers is today, September 15, 2025.
The first step is to verify your Form 26AS and Annual Information Statement (AIS) to ensure that you have checked your income, interest from the banks, TDS, and other financial information. Match everything carefully.
You need not have all the documents at present; just file the return with the proper information that you have. You can do it later, you can always submit a revised version of the same, and the deadline to submit a revised version is December 31, 2025.
Ensure that you have a record of all documents such as rent receipts, investment records, LIC payments, as well as Section 80C-related expenses. These are significant in case the tax department casts doubts in the future.
The moral of the story: submit your files before it is late and keep on the right side. It is advisable to submit the filing and rectify the same later.
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
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