What is the Last Date to File Your Income Tax Return for 2025?

Filing your Income Tax Return (ITR) is an essential financial obligation for every taxpayer. It ensures you are compliant with government regulations and helps avoid penalties and fines associated with late submissions. As the financial year progresses, one critical question remains on everyone’s mind: What is the last date to file your income tax return for 2025? Knowing the ITR deadline and the implications of the new income tax slab can help you make timely decisions regarding your finances and tax-saving investments. Moreover, if you are planning to invest in a home, a Bajaj Finserv Home Loan is an excellent financing option with several benefits. This article will cover the key aspects of ITR filing deadlines, new tax regulations, and how Bajaj Finserv can assist you in achieving your home ownership dreams.

Last Date for Income Tax Return Filing in 2025

The last date to file your Income Tax Return for 2025 is expected to follow the timeline set by the Income Tax Department for previous financial years. Typically, individuals and salaried taxpayers must file their ITR by July 31, 2025, for the financial year ending on March 31, 2025. However, this date may be extended under special circumstances, such as technical challenges on the e-filing portal or government announcements.

Taxpayers should mark this date on their calendar and ensure they compile all necessary documents, including Form 16, investment proofs, and details of income from other sources, well in advance. Missing the deadline could attract penalties under Section 234F of the Indian Income Tax Act. Additionally, late filing may also result in interest charges on unpaid taxes.

For professionals, entrepreneurs, and entities required to get their accounts audited, the ITR filing deadline is generally October 31, 2025. Those who fall into the category of tax deducted at source (TDS) are advised to check their Form 26AS and ensure all necessary adjustments are made.

Timely filing allows taxpayers to maximize benefits under the new income tax slab. If you haven’t yet planned your tax-saving investments, consider directing funds towards tax-advantaged options, such as housing loans.

New Income Tax Slab and Its Key Benefits

The new income tax slab introduced by the government offers taxpayers the option to pay reduced taxes without claiming deductions available under the old regime. For many salaried individuals and business owners, this updated system simplifies taxation. Under the new regime for FY 2025-26, income is taxed based on pre-defined slabs without additional exemptions like Section 80C deductions.

For clarity, here's a brief overview of the expected New Income Tax Slab rates:

• Income up to ₹2.5 lakhs: No tax
  
  

• Income between ₹2.5 lakhs and ₹5 lakhs: 5%
  
  

• Income between ₹5 lakhs and ₹7.5 lakhs: 10%
  
  

• Income between ₹7.5 lakhs and ₹10 lakhs: 15%
  
  

• Income above ₹10 lakhs: 20-30% (depending on thresholds)
  
  

With the new income tax slab, many middle-income families may have reduced tax liabilities. This helps free up funds for long-term investments like real estate purchases. If you’re planning to buy a home, a Bajaj Finserv Home Loan enables accessible financing at competitive rates.

Benefits of Bajaj Finserv Home Loan

Purchasing a home is a significant milestone, but it requires substantial financial planning. For those seeking convenient and reliable home financing, Bajaj Finserv Home Loan stands out among available options. Here are some of the advantages of choosing Bajaj Finserv:

1. Competitive Interest Rates

With Bajaj Finserv Home Loans, borrowers can avail of low interest rates starting from 8.5% onwards, depending on their eligibility and credit score. The attractive rates make home financing affordable even for first-time homebuyers.

2. Flexible Tenure

Bajaj Finserv offers flexible repayment tenure of up to 30 years, allowing borrowers to plan EMIs conveniently according to their monthly income and expenditure.

3. High Loan Amount

Bajaj Finserv provides funding up to ₹5 crores, ensuring borrowers can finance their dream homes without compromising on location, design, or quality.

4. Minimal Documentation

Unlike other lenders, Bajaj Finserv simplifies the application process, requiring minimal paperwork for faster approval.

5. Prepayment Benefits

Borrowers can prepay their loan partially or in full, substantially reducing the overall interest amount. Bajaj Finserv imposes zero prepayment charges for loans under the floating rate of interest category.

6. Quick Approval

Bajaj Finserv guarantees quick loan disbursal within 48 hours of document verification, ensuring you don’t miss out on a prime property deal.

How to Apply for a Bajaj Finserv Home Loan

Applying for a Bajaj Finserv Home Loan is a convenient process that can be completed online in just a few simple steps. Here’s what you need to do:

1. Visit the Official Website - Navigate to the Bajaj Finserv Home Loan portal.
   

2. Check Eligibility - Use the handy eligibility calculator available on the website. Input details such as age, income, and property value to determine your qualification.
   

3. Select Loan Amount and Tenure - Choose the desired loan amount and repayment tenure based on your financial goals.
   

4. Submit Application - Fill out the online application form, upload scanned copies of required documents like income proof and property papers, and submit.
   

5. Verification and Approval - After your application is processed, Bajaj Finserv will verify the documents. Once approved, the loan amount will be disbursed to your account promptly.

You can also visit your nearest Bajaj Finserv branch for offline assistance. Their customer service team is available to guide you through the process.

Conclusion

The income tax return last date for 2025, paired with the benefits of the new income tax slab, reminds taxpayers to use their resources wisely to save on taxes and invest in essential assets such as housing. Bajaj Finserv Home Loan is an ideal partner in your journey to owning the perfect home, offering unparalleled benefits like quick loan disbursal, competitive interest rates, and flexibility.

So, mark your calendar for the ITR deadline, explore the offerings, and make the most of government schemes and affordable financing to meet your aspirations!