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As per the new law from this year, Individuals will have to pay late fee after last date to file income tax return for the FY 2018-19 Rs· 5000 if tax is filed after due date of 31 August but on before 31 December of that assessment year (in this case 31 December 2019)
Be sure to mark Apr. 15, 2025, as the tax payment deadline for your 2024 taxes and plan accordingly for both your federal income taxes and state taxes.
The annual deadline to file one's Federal individual income tax return is April 15. The IRS lists scenarios for which Tax Day does not follow this standard deadline - Taxpayers can file an extension where the taxes owed must be paid by April 15 but the completed tax return filed by October 15. [9]
Due dates vary. A belated return, under §139(4), may be filed before the end of the assessment year. A revised return, under §139(5), may be filed for a normal or belated return by the end of the assessment year. An assessing officer may flag a defective return under §139(9). Defects must be rectified by the taxpayer within 15 days of ...
April 15, 2024: The deadline for filing your individual tax return for the 2023 tax year. Make sure to submit your return by this date to avoid penalties. Make sure to submit your return by this ...
We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms for more complex situations — to help simplify the 2025 tax season.
FY2021-22 was an uneventful year for the New Tax Regime as no new changes were announced except the relaxation of Income Tax filing for senior citizens over 75 years. [26] The government's tax policy for the near future was clearly outlined which indicated that all tax breaks will be gradually eliminated while maintaining a low tax rate.
Note that April 15 falls close to Old Lady Day (April 5), the close of the British tax year. This date corresponds to Lady Day (March 25) on the Julian calendar and is one of the old quarter days, when rates and taxes were paid, rents were due, servants were hired, and school terms started; March 25 O.S. was chosen in the 12th century for its ...