Tag: high interest on unpaid tax India

Don’t File Late! Massive Penalty & Interest for FY 2024-25 ITR Revealed

Sep 12, 2025

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by

Himanshu

in Finance and Accounting

ITR Filing for FY 2024-25: Penalties, Interest, Deadlines & Key Facts for Taxpayers The Income Tax Department has announced the deadlines for filing Income Tax Returns (ITR) for Financial Year 2024-25 (Assessment Year 2025-26). Filing on time is crucial because missing the due date can attract penalties, interest, and the loss of certain benefits. This…