The government has given taxpayers some breathing space this year by extending the income tax return (ITR) filing deadline from July 31 to September 15, 2025. While this may sound like good news for those who usually wait until the last minute, it’s actually smarter to file your return as soon as possible. Here’s why filing early is the best move for your peace of mind and your wallet.
Why Was the ITR Deadline Extended?
This year, the tax department made several big changes to the ITR forms, especially for people who invest in the stock market. Because of these updates, the systems needed more time to get ready. Also, details like TDS (Tax Deducted at Source) were only available from early June. That’s why the government extended the deadline, giving everyone extra time to file smoothly.
All Tax Filing Tools Are Ready—So Why Wait?
Even though the deadline is now in September, all the forms and utilities you need to file your tax return are available. Here’s why you should file early instead of waiting for the last day:
- Faster Refunds: If you’re expecting a tax refund, filing early means you’ll get your money back sooner. The tax department processes returns in the order they receive them, so the earlier you file, the quicker your refund arrives.
- Self-Assessment Tax Still Due by July 31: If you owe any extra tax (self-assessment tax), you still need to pay it by July 31. Delaying this payment could mean extra interest or penalties. Many people only realize they owe more tax when they start filing, so it’s better to check and pay before the end of July.
- Carry Forward Losses: If you had business or investment losses last year and want to carry them forward to reduce future tax, you must file your return on time. Missing the deadline means losing this benefit.
- Avoid Last-Minute Stress: Waiting until September could lead to unnecessary stress if the tax portal slows down, OTPs don’t arrive, or you’re missing documents. Filing early gives you time to gather paperwork, understand new forms, and fix mistakes without pressure.
- No Last-Minute Panic: The extended deadline is helpful, but it’s not a reason to delay. Filing now means you can relax, knowing your tax return is done. Unexpected internet issues or last-minute problems won’t ruin your day.
