ITR Deadline July 31: Your ₹5,000 Fine Starts Aug 1
The ITR filing deadline is July 31 and tax experts say no extension is coming this year. If you miss it, you pay a late fee of up to ₹5,000 and lose some tax benefits. File now — don't wait.
That ₹5,000 late fee equals 100 cups of chai — gone for just filing late
Miss this ITR deadline and you pay ₹5,000 in late fees — no extension expected
Key Takeaways
Log in to incometax.gov.in right now and check if your Form 26AS and AIS (Annual Information Statement) match your income records.
Collect all documents today — Form 16 from employer, bank interest certificates, home loan statements, and 80C investment proofs.
File your ITR before July 25 to avoid last-minute portal crashes and technical errors that spike in the final days before the deadline.
The ITR filing deadline is July 31 and tax experts say no extension is coming this year. If you miss it, you pay a late fee of up to ₹5,000 and lose some tax benefits. File now — don't wait.
Here's what happened: ITR filing pace for FY 2024-25 is slower than usual, with most taxpayers yet to submit their returns ahead of July 31.. Tax experts say the government is unlikely to extend the deadline this year, unlike pandemic-era extensions that many taxpayers got used to.. Missing the July 31 deadline triggers a late filing fee under Section 234F — up to ₹5,000 — plus interest on any tax dues under Section 234A..
What you should do: Log in to incometax.gov.in right now and check if your Form 26AS and AIS (Annual Information Statement) match your income records.. Collect all documents today — Form 16 from employer, bank interest certificates, home loan statements, and 80C investment proofs.. File your ITR before July 25 to avoid last-minute portal crashes and technical errors that spike in the final days before the deadline..
If your income is below ₹5 lakh, your late fee is capped at ₹1,000 — but you still lose the right to carry forward capital losses if you file late.
File Your ITR Now
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- [1]“ITR filings move at a slow pace as deadline nears: Expert explains why an extension beyond 31 July is unlikely this year” mint - money · 7 Jul 2026
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