ITR Last Date & Late-Filing Penalty AY 2026-27 (Section 234F)
The deadlines for FY 2025-26 (AY 2026-27), and exactly what it costs you to miss them.
The deadlines
| Return | Last date |
|---|---|
| ITR-1 / ITR-2 (most individuals) | 31 July 2026 |
| ITR-3 / ITR-4 (no audit) | 31 August 2026 |
| Cases needing a tax audit | 31 October 2026 |
| Belated return | 31 December 2026 |
| Revised return | 31 March 2027 |
The penalty for filing late (Section 234F)
- Total income above ₹5 lakh: late fee of ₹5,000.
- Total income up to ₹5 lakh: late fee of ₹1,000.
It's not just the fee
- Interest (Section 234A): 1% per month on any unpaid tax, from the due date until you file.
- Lost losses: business and capital losses can't be carried forward if you file after the due date.
- No regime choice: a belated return is taxed under the new regime only.
- Delayed refund: the later you file, the later your refund.
Missed 31 December too?
You can still file an Updated Return (ITR-U) up to 48 months from the end of the assessment year, but with significant additional tax. See belated, revised & updated returns explained.
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File now →General information for AY 2026-27, not individual tax advice. Reviewed by a Chartered Accountant.