Will there be any late fees or penalties if I file my ITR after September 16, 2025?
Yes, there are penalties. If you miss September 16, then technically your return becomes a belated return, and you will not only face late fees but also may lose certain benefits like carrying forward losses. So better to avoid waiting till the very last date.
Filing late will not only cost you money in fees but also creates issues with faster processing of refunds. The income tax department usually processes early returns first. So, if you want your refund quickly, don’t wait until after September 16.
If you file your ITR after September 16, 2025, you will have to pay a late filing fee under Section 234F. The amount is ₹5,000 if your income is above ₹5 lakh, and ₹1,000 if your income is below ₹5 lakh. Also, interest under Section 234A may apply if you had taxes due.