Deadline Extended: You now have until September 15, 2025 to file your Income Tax Return (ITR) for FY 2024–25
ITR deadline extended to September 15, 2025. New tax regime slashes tax for salaried individuals: up to Rs 12.75 lakh income may be tax-free with higher rebate and standard deduction. See how new and old tax slabs compare.
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If you're a salaried taxpayer in India, here's what you need to know ahead of ITR filing for FY 2024–25 (Assessment Year 2025–26):
Extended Deadline:
The Income Tax Department has extended the ITR filing deadline from July 31 to September 15, 2025, giving taxpayers extra time to comply due to updated filing systems.
Tax Slabs – New Tax Regime:
The new tax regime, now the default option, features concessional rates and benefits:
Rs 0–4 lakh: 0%
Rs 4–8 lakh: 5%
Rs 8–12 lakh: 10%
Rs 12–16 lakh: 15%
Rs 16–20 lakh: 20%
Rs 20–24 lakh: 25%
Above Rs 24 lakh: 30%
A standard deduction of Rs 75,000 and a higher Section 87A rebate make incomes up to Rs 12 lakh effectively tax-free.
Tax Slabs – Old Tax Regime:
Under the old regime, basic exemption limits differ by age:
Below 60 years: up to Rs 2.5 lakh – 0%, Rs 2.5–5 lakh – 5%, Rs 5–10 lakh – 20%, Rs 10 lakh+ – 30%.
Higher exemptions apply to senior citizens.
The new regime offers significant relief for salaried taxpayers—especially those earning up to ₹12 lakh—via reduced taxes and simplified deductions. Whichever regime you choose, don’t miss the extended September 15 ITR filing deadline.
